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Economic Job Growth and South Maui Real Estate

Good news for the economy, and for real estate opportunities in the hospitality sector.
July 12, 2013

Economic Job Growth and South Maui Real Estate

According to a recent report by the Bureau of Labor Statistics (BLS), the U.S. economy added a whopping 195,000 jobs in June. This is great news for the country, but also for Maui. The job gains were in the leisure and hospitality sectors, which can only be considered a fantastic sign for us. After all, many enthusiastic new Maui home owners started out as visitors to our lovely South Maui oceanfront condos, hotels and vacation rentals.maui economic job growth from u.s. bureau of labor statistics

Other job gains were in the professional, business services, retail, health care and financial sectors. That's a pretty big umbrella for national prosperity, which indicates an increasing level of stability, not just growth.

The good news doesn't end there. On top of the major growth in June, the BLS added 70,000 jobs to their calculations for April and May. Also, average hourly earnings were up by 10 cents to $24.01, which is a 51 cent increase for this year so far. It may not seem like a lot, but when you're looking at nationwide statistics, it adds up.

If you are interested in taking advantage of these positive conditions, browse through our South Maui real estate listings. Purchasing a second property in Hawaii for use as a vacation rental is a great was to earn some extra money and help pay for the investment. Prices are not as low as they were, since there are so few foreclosure and bank-owned properties left, but the security of such an investment is higher than it was when prices were low and the future uncertain.

Those of you who prefer a stable investment may want to get off the fence about purchasing real estate. The way all the market trends are going, things are only going to get more expensive, and that means that if you buy now, the likelihood of prosperity is very high. If you need any assistance with your search, you'll find our contact information at the bottom of the page. Mahalo!

RealEstateMauiHawaii.com - By Mark Harbison

Blogs for July 2013

Benefit Gala for the Maui Arts and Cultural Center

Posted on July 26, 2013
Benefit Gala for the Maui Arts and Cultural Center

The Maui Arts and Cultural Center is a valuable asset to the community, considering all the enriching performances, art shows, festivals and various other events that take place there every year. For those with a deep appreciation of the arts, and the… Continue Reading

First Wind Finishes Maui Endangered Bird Mitigation Project

Posted on July 19, 2013
First Wind Finishes Maui Endangered Bird Mitigation Project

Whether you're a Maui visitor or a resident, you've seen the big wind turbines on the West Maui Mountains above Ma'alaea. This is the Kaheawa Wind site of First Wind, a company based in Boston, and they recently completed an endangered bird habitat… Continue Reading

Economic Job Growth and South Maui Real Estate

Posted on July 12, 2013
Economic Job Growth and South Maui Real Estate

According to a recent report by the Bureau of Labor Statistics (BLS), the U.S. economy added a whopping 195,000 jobs in June. This is great news for the country, but also for Maui. The job gains were in the leisure and hospitality sectors, which… Continue Reading

Maui Native Forest Bird Lecture in Kihei

Posted on July 05, 2013
Maui Native Forest Bird Lecture in Kihei

Are you interested in Maui's native birds? Avid birdwatchers from all over the world routinely converge on the upper slopes of Haleakala to catch a glimpse of one of our brilliantly colored little honeycreepers. It's a long drive from South Maui real estate, vacation… Continue Reading

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Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

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