According to the latest set of statistics from the Realtors Association of Maui (RAM), the number of single-family homes sold in November dropped in comparison to the same month last year, and median prices fell as well. However, Maui's initial unemployment claims have been falling as well, and more than the neighboring islands. In the week ending on November 27th, those claims dropped by a full 48.5 percent in comparison with the same week last year. Foreclosure filings are also dropping.
Why bring up the reductions in unemployment and foreclosures? When foreclosure homes become few and far between, prices will begin climbing, and as unemployment is reduced, more current residents will find it easier to afford a home. So if the current trends continue, the incredible deals you'll find now will begin to grow rarer.
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