Maui Homes For Sale and lending Road Blocks

Lending Industry and The Maui Real Estate Market

So what is happening in the Maui real estate market? We are seeing stricter lending guidelines requiring more cash up front. With the shake up with the lending institutions. Loans have become somewhat tougher and more costly for people with good credit. One bright spot in Hawaii is that local banks have not raised rates for jumbo conforming loans up to $626,000. Also rates have been holding at very attractive levels.
If you are a buyer with 20% down and good credit it is a very good time to buy. Serious sellers are waking up to the times and getting more aggressive on listing prices. Buyers are taking a more aggressive position when submitting offers. You will find WaileaMaui condominiums and Wailed homes for sale that there is a large inventory and some good buys to be had. One thing about Wailea Maui real estate is long term it has always been a good investment. It continually attracts people because of the beaches, golf and quality resort that it is. So take advantage with this current market and give us a call.