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Looking on the Bright Side of the Housing Market
I used to be a stock broker from 1968 to 1971. At the end of 1968, the Dow Jones Industrial Average was 908. It then dropped 30% to 631 in May of 1970. Even at the bottom of the market in 1970, I had a few clients predicting it was going to drop to 300. Read history of the stock market.
My point is that in any market, whether it is the stock market or the housing market, there are going to be doomsayers. The world is coming to end. The financial markets are going to collapse. We will have runaway inflation. I’m sure you’ve heard the stories of woe. Here is a chart of inflation adjusted housing prices.
Markets go up and markets go down. At the current time, we are in an uptrend. There is a shortage of new housing and homes for resale in most areas of the country. Maui is no exception as you can see from our Market Watch feature showing significant declines in inventory over the last 24 months.
Below you will find this week’s sampling of some of the best buys we have selected from a variety of price ranges and categories. If you’d like to be kept up to date on new listings or price changes, we’d be happy to set you up on Auto-Notification.
Aloha,
Ken
P.S. We are pleased to announce an addition to The Smith Team. Melissa gave birth to a healthy baby girl, Lilinoe Maria, Goddess of the Sea Mist, last Friday morning.