Stable Hawaii Real Estate

Despite the economic difficulties and innumerable foreclosures on the mainland, real estate conditions in Hawaii are expected to be less affected by the issues causing these problems. The resounding predictions are that real estate sales in Hawaii will slow and prices will remain flat until the end of the year, but the low rate of foreclosure and the stable mortgage industry in our state has given it some good protection.

The renowned experts who have come to these conclusions include Prudential Locations Chief Executive Bill Chee, Bank of Hawaii Chief Economist Paul Brewbaker, and Mike Sklarz. Among the reasons given for the optimism is the fact that building permit restrictions in Hawaii have reduced housing stock and new development, keeping the demand high. Another factor mentioned was that the subprime crisis has come largely out of California and is less of a Hawaii problem. While there are concerns that we will be losing the investments and second-home interest of mainlanders being hit by the crisis, foreign investment is in the news. The "Toronto Star", a Canadian news agency recently published a story about smart business investments in Hawaii real estate by successful Canadians. Check out the full story.

Interested in buying or selling a condo on Maui? Be sure to check out all active MLS listings of Kaanapali homes, vacant Kaanapali land and Condos in Kaanapali.