As concerns grow around the COVID-19, also known as coronavirus, so do the concerns about our overall economy and how it will be impacted during the duration of the pandemic.
According to the latest Hawaii real estate statistics, new listings on the island of Maui decreased to almost 18 percent for single-family homes, and there was a slight decrease in condos to about 5.6%. However, as mortgage rates are dropping it seems as if house sales may have the potential to increase. Buyers are being advised to purchase now. Pending sales on the island as a whole increased to about 19% for single-family homes and a little over 21% for condo apartments.
Full Article Here: COVID-19 Impacts West Maui Market: Evokes Good News, Bad News Situation