Economist: Maui Real Estate As Low As It Will Get

Aloha Kakou:

Last Friday, economist Paul Brewbaker said in an address to the Realtors Association of Maui that he believes that real estate prices are essentially the lowest that they're going to go.

The 30% fall in real estate prices since 2007 has about come to an end, Brewbaker said.

Brewbaker believes that the stall in infrastructure improvement and the lack of substantial new housing developments mean more pressure on demand, thus driving up prices.

http://mauinews.com/page/content.detail/id/533463.html?nav=10