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Issue 1157 | June 4th, 2025
Aloha ,
Fannie Mae’s Housing Market Outlook for 2025
Mortgage Rates
Fannie Mae anticipates that 30-year fixed mortgage rates will decline gradually but remain elevated overall. Rates are expected to average around 6.1% by the end of 2025, staying above 6% throughout the year and showing some volatility. By late 2026, rates may dip to around 5.8%, but not enough to significantly improve affordability in the near term.
Home Sales
Sales of existing homes are likely to stay at very low levels, near the lowest seen in the past 30 years. This is mainly due to homeowners holding on to their low mortgage rates and avoiding selling. However, new home sales are forecast to perform better, especially in areas where construction activity can continue efficiently.
Home Price Trends
Home price increases are expected to slow down, but not stop. According to Fannie Mae’s Home Price Index (FNM-HPI), prices are projected to rise by 4.1% in 2025 and by a smaller 2.0% in 2026. This suggests a cooling but still upward-moving housing market.
Mortgage Originations
The total volume of single-family mortgage originations (both purchases and refinancing) is forecast to increase. Fannie Mae projects about $1.99 trillion in 2025, rising to $2.38 trillion in 2026, as slightly lower rates help stimulate activity.
Economic Growth and Inflation
The U.S. economy is expected to grow above its long-term average, supported by solid fundamentals. However, risks remain from persistent core inflation and uncertainty around fiscal and monetary policy. Inflation, as measured by the Consumer Price Index (CPI), is expected to increase by 3.5% in 2025.
To access all the information, please click here.
Mahalo Nui Loa,
Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)
The Smith Team
P.S. Groundbreaking: $46M Kahului Airport South TSA Checkpoint expected to reduce wait times.
Market Watch
| |
Active |
Pending |
Sold |
Change |
| Homes |
441 (372) |
126 (88) |
691 (521) |
-14 |
| Condos |
877 (346) |
83 (20) |
713 (288) |
-4 |
| Land |
191 (78) |
27 (8) |
157 (61) |
-3 |
| Total |
1509 (796) |
236 (116) |
1561 (870) |
-21 |
1. Numbers in parentheses reflect listings over $1M
2. Sold listings are for the previous 12 months
3. Change is the increase/decrease from the previous week
January 2025
February 2025
March 2025
April 2025
Market Statistics
Updated list of all bank-owned and short-sale properties:
Bank-owned
Short sale
Homes Over $1M
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250 Kahiko Street
Paia
$1.295M (FS)
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This sweet 4 bedroom 2 bathroom, ocean view home is a short stroll to Paia town and all of its restaurants, shops and amenities. Walk, Skateboard or ride a bike to the beach and the Paia Youth & Cultural Center.
Customer Listing Synopsis
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115 Kumula'au Ohia Loop
Wailuku
$1.45M (FS)
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This exquisite home is a true gem, showcasing countless upgrades and meticulous care throughout. From the moment you step inside, you’ll notice the thoughtful enhancements, including beautiful hardwood floors, elegant crystal chandelier and pendant lighting.
Customer Listing Synopsis Video Tour
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18 Luanaiki Place
Kihei
$1.485M (FS)
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Charming 3-bedroom home in Prime Keonekai Heights Location. Nestled in the highly sought-after Keonekai Heights neighborhood of South Kihei, this single-level, 3-bedroom, 2-bathroom home offers a perfect blend of convenience and tranquility.
Customer Listing Synopsis Video Tour
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40 Kaui Place
Kula
$1.825M (FS)
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The 3 bedroom, 3 bath main residence offers a flexible floor plan that could come in handy for extended family living and enjoys spectacular bi-coastal ocean and mountain views. The large solar PV system has a grid-tied pre-paid lease to keep your power bills to a minimum. Fire-up the classic wood-burning stove in the living room on cozy winter nights.
Customer Listing Synopsis
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Homes Under $1M
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2555 Liholiho Street
Wailuku
$958.5K (FS)
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This beautifully crafted 2 bedroom, 2 bathroom single level custom designed residence offering an impressive 1,856 sq.ft of luxurious living space. Step inside to find a grand great room with soaring approx. 10-foot ceilings, creating an inviting atmosphere perfect for relaxation and entertaining.
Customer Listing Synopsis
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280 Ani Street
Kahului
$950K (FS)
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Room to expand the primary dwelling and possibility for constructing ADUs. CMU construction with 28 (owned) photo voltaic panels and solar water heater. Updated kitchen, bathroom, vinyl windows and plumbing.
Customer Listing Synopsis
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70 North Lanikai Place
Haiku
$980K (FS)
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The property features a 3 bedroom, 1 bath home with approximately 990 square feet of living space. While the home is in need of a full restoration, it provides a footprint for you to restore and customize to your tastes. Surrounded by nature, this peaceful setting is ideal for those seeking privacy, room to roam, or space for agricultural use.
Customer Listing Synopsis
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300 Kolohala Drive
Kula
$999K (FS)
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This lovely 2 bedroom, 1 bath cottage on a half-acre lot offers tranquil upcountry living, with stunning views. Located near beloved Upcountry destinations including Kula Lodge, Ali’i Lavender Farm, Kula and Rice Parks, enjoy the serene lifestyle and panoramic splendor that only Upcountry Maui can offer.
Customer Listing Synopsis
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Vacation Condos Over $1M
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Kihei Surfside 213
Kihei
$1.25M (FS)
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Direct oceanfront 1 bedroom, 1.5 bath condo in one of South Maui's most sought-after complexes perfect for a vacation rental investment or personal enjoyment. This unit offers spectacular views of the Pacific Ocean and the West Maui Mountains. The open layout is light and airy, with large windows that bring the ocean right into your living space.
Customer Listing Synopsis
Video Tour
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Wailea Ekolu 1705
Wailea
$1.5M (FS)
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This modern ocean-view single-level 2 bedroom, 2 bath ground-floor residence is located in Wailea Ekolu. Open-concept design with luxury gray vinyl plank flooring throughout. Stylish interior with remodeled features like beautiful white cabinets, stainless steel appliances, and quartz countertops.
Customer Listing Synopsis
Video Tour
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Honua Kai - Konea NR202
Kaanapali
$5.4M (FS)
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Very rare 3 bedroom ocean front home is now available for sale. This is the first offering of an oceanfront home at Honua Kai in almost three years! Endless views of the ocean, resort and pools and the majestic Maui Mountains. Seamless indoor/outdoor living.
Customer Listing Synopsis
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Vacation Condos Under $1M
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Kalama Terrace L-204
Kihei
$445K (FS)
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This charming 1 bedroom, 1 bath unit. This condo features a newer gas stove and refrigerator, along with granite counters in the kitchen and updated wood cabinets, tiled shower walls, and tiled floors throughout. Enjoy the view of the peaceful grounds from your covered lanai area. The unit comes fully furnished.
Customer Listing Synopsis
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Valley Isle Resort 1002-B
Kahana
$575K (FS)
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This 1 bedroom, 1 bath condo offers sweeping views of the Pacific and the calming sound of waves just outside your window. Set among lush tropical landscaping, the spacious 768 SqFt interior offers a relaxed island atmosphere perfect for recharging and enjoying Maui at your own pace.
Customer Listing Synopsis
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Maui Parkshore 306
Kihei
$899K (FS)
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Beautifully updated 2 bedroom, 2 bathroom condo where modern luxury meets island serenity. This third-floor haven features an open floor plan with a sleek kitchen equipped with stainless steel appliances and granite countertops, perfect for entertaining or enjoying a quiet meal at home.
Customer Listing Synopsis
Video Tour
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Residential Condos Over $1M
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Kai Malu 66-A
Wailea
$2.6M (FS)
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Perched on the highly sought-after top row, this 3 bedroom, 2.5 bath residence features an open-concept layout filled with natural light, offering a seamless flow between the main living area, expansive covered lanai, and lush private yard—perfect for morning coffee, evening cocktails, or hosting under the stars.
Customer Listing Synopsis
Video Tour
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Residential Condos Under $1M
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Harbor Lights C-308
Kahului
$165K (FS)
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A charming 1 bedroom condo in a Prime Central Kahului Location. This inviting 610 square foot unit features sturdy bamboo laminate flooring throughout and a recently updated kitchen, offering modern touches in a cozy space.
Customer Listing Synopsis
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Keonekai Villages 13-208
Kihei
$499.9K (FS)
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Experience the Best of Island Living in South Maui and discover the perfect blend of comfort, convenience, and tropical charm in this beautifully updated 2 bedroom, 1 bath condo, ideally located in the heart of Kihei. Just moments from world-renowned beaches, this move-in-ready gem embodies relaxed island living with modern upgrades throughout.
Customer Listing Synopsis
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Wailea Fairway Villas U-202
Wailea
$999.9K (FS)
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Come fall in love with this beautifully remodeled Wailea Fairway Villas second floor unit. Attention to detail is evident throughout from the abundance of recessed LED lighting to the built-in closet organizers in each bedroom, the 3 split A/C system, built-in storage cabinets, and even a Pulse Showerspa shower system.
Customer Listing Synopsis
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Vacant Land
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3267 B Akala Drive
Kihei
$498K (FS)
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Build Your Dream Cottage Seize this rare opportunity to own in highly sought-after Maui Meadows. This 5,200+ sq ft Residential CPR lot (lot "B") offers the perfect canvas to build your custom 830 sq ft cottage, surrounded by panoramic views of Haleakala.
Customer Listing Synopsis
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