Now is the Time to Invest in Maui Real Estate

February 4, 2011 by  
Filed under Articles

This month’s news that one of the top luxury resorts and golf courses in Hawaii has filed for bankruptcy protection might give potential Maui real estate investors reason to reconsider getting involved in the market. After all, if a high-profile resort such as the Grand Wailea Resort Hotel and Spa can’t stay afloat, what does this say about the overall real estate market in Hawaii?

However, potential residential real estate investors need to separate the home real estate market from commercial properties. While the declining tourism market is continuing to have a significant impact on the resort industry in Hawaii, things are starting to stabilize in the Hawaiian residential real estate market. In fact, now might be the best time for investors to get back into the home and condo sales in Maui and other islands in Hawaii.
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The Maui News has recently said that housing prices continue to be low on the island. This presents a potential investment opportunity for individuals or corporations who want to get in on the ground floor of the recovery of the Hawaiian real estate market. With the economy beginning to show signs of life, it’s very possible that real estate prices are beginning to reach their lowest point and will start climbing soon.

Low housing prices in Hawaii have been met with steadily increasing mortgage rates. Lenders like Coldwell Bankers have started to increase rates to reflect more people becoming buyers in the residential real estate market. This is just another reason why now is a great time to be involved in Maui real estate.

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