Harvard's Joint Center for Housing Studies has released its 2008 State of the Nation's Housing. Here is a summary of the key findings and the likely impact on Maui real estate.

• Significant inventory overhang remains
• Surpluses exceed 2% of owners stock in some markets
• The spike in loans entering foreclosures will weigh heavily on markets
• Long-term housing demand remains stable
• Housing slump will continue for some time

On Maui, each of these factors has, to date, been of limited importance. Our inventory is high, but our foreclosures relatively insignificant and our supply is constrained by local political choices.

For more details, contact us!