You’re about to close on a home in upcountry Maui when your lender delivers an insurance quote: $4,200 a year, far above what you expected. Or you receive notice that your longtime insurer is exiting Hawaii altogether. For buyers and homeowners across Maui, insurance costs have moved from a minor line item to a major ...
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Lahaina, Hawaii
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The Maui real estate market is undergoing a reset as new regulations, rising costs, and the aftermath of the August 2023 wildfires reshape the buying and selling process. Emergency responses in Lahaina have triggered broader changes affecting property values, investment strategies, and housing supply across the island. Short-Term Rental Rules Change Bill 9, emergency legislation ...
More than two years after the Lahaina fires, Maui’s real estate market continues to feel the effects of the disaster. While the physical destruction was immediate, the longer-term impacts—ranging from regulatory changes to insurance costs and shifting buyer sentiment—are still reshaping the island’s housing landscape. Ken Smith, team leader of The Smith Team at Coldwell ...
A surge in post-wildfire insurance costs and new short-term rental bans have created a glut of Maui, Hawaii, condominiums with few qualified buyers, according to Mino McLean, broker with Island Sotheby’s International Realty. The shift, driven by the August 2023 Lahaina wildfires and the passage of Bill 9, has left thousands of units effectively out ...
Two years of legislative debate over short-term rental rights on Maui have driven down prices in affected condo complexes by roughly 30% since 2023, according to Evan Harlow, a Realtor and Luxury Real Estate Agent with Maui Elite Property. The properties in question are still legally rentable through 2031. No rights have been revoked. No ...
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Original reporting from other Hawaii markets on the KeyCrew network.
For a brief window when mortgage rates hovered near 3 percent, buying a vacation rental condo on Maui was straightforward math. Borrow cheap money for 30 years, collect nightly rental income that comfortably exceeded carrying costs, and build equity in a place you could visit a couple of weeks a year. The numbers worked on ...
Hawaii’s commercial real estate market is changing rapidly due to evolving consumer behaviors, work patterns, and generational preferences. Some trends mirror those on the mainland, but Hawaii’s unique geography, demographics, and investment patterns produce distinct results. After years of steady demand from international and mainland investors, the pandemic accelerated shifts that are now reshaping the ...
Ongoing confusion over short-term rental rights has triggered a steep drop in values for Maui, Hawaii’s apartment-zoned vacation condos, leaving buyers and sellers unable to gauge risk or set prices. Legal battles, shifting county policy, and unresolved exemption proposals have frozen market activity and forced a sharp correction in a sector once seen as a ...
TLC Modular USA Inc. Secures Over $100 Million in Written Orders for 2024, Eyes Expansion Across All 50 States HONOLULU, September 9, 2024 (Newswire.com) – TLC Modular USA Inc., a leader in innovative modular construction, is excited to announce the addition of Daymond John and Morri Chowaiki as shareholders. Known for his business acumen and ...
DALLAS, June 14, 2024 /PRNewswire/ — Civitas Capital Group, a Dallas-based alternative investment manager offering niche opportunities in U.S. real estate, today announced it has closed a $150 million senior loan to finance construction of a 210-room Curio Collection by Hilton hotel on the island of Kauai, Hawaii. Civitas is providing the senior loan to ...
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Spokane’s residential market has settled into a pattern that rewards discipline and punishes nostalgia. Sellers who list based on what they remember from a few years ago – when homes drew multiple offers within days – are finding that the market has moved on without them, according to Kim Hagel-Barkley of The Barkley Group in ...
The gap between Houston’s residential market and its coastal neighbor shows what happens when short-term rental speculation meets a correction. Harris County, Texas, currently has roughly six months of housing inventory – enough to classify it as a balanced-to-soft market where sellers need to price carefully and present homes in strong condition. But the sharper ...
The U.S. rental market built aggressively during the pandemic era, particularly in Sunbelt cities like Nashville, Austin, and Dallas. Now much of that new inventory, especially high-end apartments, is sitting partially empty, competing for renters whose budgets have tightened considerably since construction began. The disconnect is straightforward: developers built expensive Class A apartments in markets ...
In most American markets, holding a property for ten or twelve years builds a cushion of equity. In Manhattan, that assumption no longer holds across large segments of the market, according to Nikolay Afanasyev, Founder & CEO of CITY SPHERE Property Group, a boutique brokerage covering Manhattan and parts of Brooklyn. Rising building carrying costs, ...
For buyers waiting on the largest purchase of their lives, the appraisal process is one of the last black boxes in a home purchase. Turnaround time isn’t a single number; it’s the sum of scheduling, inspection, report production, quality review, and any revision cycles that follow, and thin appraiser panels and uncontrolled revision cycles are ...
The company has already published over 5,000 articles in collaboration with over 1,800 market experts across all 50 states, powered by a tech-forward approach to research and reporting. MIAMI, FL – July 28, 2026: KeyCrew Media, the expert-sourced real estate news network, today unveiled KeyCrew Local, a network of local real estate news sites and ...
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