Jane Sperr, CRA

Rickards' Five 2024 Forecasts Looks like 2024 is going to be the Year of the Global War.  Maui has a severe residential housing shortage. Listing inventory has steadily decreased since 2020 along with affordability. Who would have predicted housing would skyrocket in 2020 and continue to skyrocket into 2024? The market is being driven predominantly by buyers from outside of Hawaii.  At least mortgage interest rates began to ease slightly in December. 

Under a Biden administration the US will most likely see rising interest rates throughout 2021. Yesterday there was speculation that the Biden administration would bring Janet Yellen back to the Fed. 2021 could be a tough year for housing, mortgage lenders, escrow and real estate appraisers. Mortgage Lenders and Brokers Need to Brace for the New CFPB

Barry Habib – We are on Borrowed time with Current Rates Low inventory, bidding wars, historically low interest rates are fueling a strong housing market nationally and locally. In spite of covid there has been a strong demand for single family dwellings and non-vacation rental condos on Maui. Due to the current quarantine for visitors, vacation rental condos have been negatively impacted by covid. This could be good news for investors who have been waiting to purchase a vacation condo on Maui. 

Barry Habib on Coronavirus Effect on Rates If Dave and Barry are right, rates are about to drop below historic lows and the market is set to get even hotter!

  Housing to Recession Proof the Economy Based on the bond market activity this fall, economic analysts who were warning about a recession in 2020 might have gotten it wrong. With the creation of many new jobs, including the soon to be returning auto industry, along with a lot of immigration there is a serious affordable housing/rental shortage in many areas of the America.

Fannie Mae predicts surge in mortgage refinancing following Fed rate cut Who could have predicted the Fed would pursue the opposite course of action after declaring they intended to raise rates throughout 2019? This is great news for homeowners, home buyers and anyone with a career in or connected with the mortgage industry!