According to the University of Hawaii Economic Research Organization (UHERO), the housing affordability index is on the up. There is still a wide gap between the state's median island income and median price of a house, but the gap has been consistently growing smaller.

According to the UHERO index, when its number is at 100, it means that a family with a median income can afford a median home. The state of Hawaii has never reached that point thanks to high asking prices. Now that those prices are dropping, the gap is narrowing. For the island of Maui, the UHERO index was at 46.4 in 2006 but by 2008 it had risen all the way to 65.6. The number is expected to continue its growth, which is great news for those who want to buy real estate on the island.

[Full Story - "Housing Becoming More Affordable for Maui Residents"]
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