If You Had a Mortgaged Home Destroyed on Maui, Any Relief on Payments May Be Just Temporary
Here are the options for people who can’t live in their homes anymore, but still owe money on the mortgage.
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Here are the options for people who can’t live in their homes anymore, but still owe money on the mortgage.
The president-elect of the Realtors Association of Maui estimates about 40 to 50 agents lost their homes and possessions, and one is reported missing.
The development company that used low-income housing tax credits to build the 89-unit apartment building hopes to rebuild.
“Our buyer pool is very low, but when I look at the sales, I’d say more than half are cash,” says the president of the Kauaʻi Board of Realtors.
Hawai‘i Island’s overall median price has been relatively steady this year, but the lowest priced deals – including many inexpensive vacant lots – can often be found in Puna.
That’s based on sales of condos and single-family homes during the first quarter of 2023.
Japanese buyers have been mostly absent from the high-end market since the pandemic started, but many mainlanders, and some locals, are showing interest.
The average rent for a studio apartment on O‘ahu last year was up 25% from 2017 and larger rentals were up, too, by at least 17%.
Kamehameha Schools is planning 15,500 new homes in the areas, but it could take decades to become a reality.