Real Estate Maui Hawaii Blog

Mark and Lisa bring you the latest on the Hawaii real estate market, events, fundraising benefits, news, sports, new island developments, tips to help you buy or sell a home and more. Subscribe to receive updates on our weekly blog today!

Maui Unemployment Continues to Fall

Maui's unemployment is at its lowest rate since April of 2007.
September 22, 2017

Maui Unemployment Continues to Fall

If you're browsing Maui real estate because you're thinking about making a permanent move to the island, you may have been contemplating your professional ambitions lately. Maui is an interesting place to earn a living, especially for creative, enterprising types. Fortunately, employment opportunities have been expanding over the years. According to the state Department of Labor and Industrial Relations, as of August, Hawaii's unemployment hasn't been this low since April of 2007.

Based on their report, Hawaii's seasonally adjusted unemployment rate was just 2.6 percent last month. In comparison, the national rate was 4.4 percent. Maui's unemployment rate, which was not seasonally adjusted, was even lower at 2.3 percent. That's down from 2.4 percent in July, and also down from 2.9 percent in August of last year.

What really stood out about the report was Molokai and Lanai, the other islands in Maui County. Lanai's unemployment rate was just 3.1 percent, down from 6 percent in July and 5.5 percent in August of last year. Molokai's unemployment rate was 7.6 percent, down from 9.2 percent in July, and up just a bit from 7.3 percent in August of last year. Combining all three islands for the Maui County unemployment rate, the figure was 2.5 percent, down from 2.7 percent in July and down from 3.1 percent in August of last year.

Low unemployment rates are a significant factor in a healthy economy. That's something to keep in mind as you make your future plans to buy Maui real estate and work here. To add some extra clarity to the economic picture, the report revealed that the growing industries included Professional & Business Services with 1,300 new jobs, and construction with 400 new jobs.

Once you're ready to move forward with a Maui real estate purchase, getting pre-approved for a loan is a crucial step in knowing how much home you can afford based on your current and continued income. This helps prevent future disappointments if you're dead set on buying a specific property only to find that you aren't approved for the sale price.

For assistance with these steps, your real estate search, and every step of the buying process, you'll find our contact information at the bottom of the page. We would be happy to help you make the right Maui real estate investment for your specific needs. For other updates on Maui real estate listings, the market, events, and lifestyle, we release a new blog every Friday, and you can also browse through past topics for interesting information. Mahalo!

Blogs for September 2017

Cozy Central Maui Condo for Sale at Iao Parkside I

Posted on September 29, 2017

Iao Parkside I Condo Real Estate

Surrounded by hues of green and grand landscapes, Valley Isle living goes beyond the sandy steps and the lull of waves gently kissing the shore. If you find yourself seeking more tropical greenery than oceanfront views on your Maui real estate search, we invite… Continue Reading

Maui Unemployment Continues to Fall

Posted on September 22, 2017

Maui Unemployment Continues to Fall

If you're browsing Maui real estate because you're thinking about making a permanent move to the island, you may have been contemplating your professional ambitions lately. Maui is an interesting place to earn a living, especially for creative, enterprising types. Fortunately, employment opportunities have… Continue Reading

Maui Real Estate Market Report for August of 2017

Posted on September 15, 2017

Maui Real Estate Market Report for August of 2017

The statistics are in for Maui's real estate market performance in the month of August. This is the time of year when sales tend to slow down as families prepare for a new school year, which makes it the least… Continue Reading

All About Maui Meadows Real Estate

Posted on September 08, 2017

All About Maui Meadows Real Estate

When you're searching for the perfect Maui home, it can be easy to get swept up in the many enticing features that each of them have to offer, but it's important not to forget the value of a great neighborhood as well. You… Continue Reading

Hawaii Named Best State for Women's Equality

Posted on September 01, 2017

Hawaii Named Best State for Women's Equality

The state of Hawaii has recently earned the remarkable distinction of being the best state in the nation in terms of women's equality, based on a survey by WalletHub. If you're in search of Maui real estate and gender equality is important… Continue Reading

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Mark and Lisa

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

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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