Improving Hawaii Economy

May 18, 2012

For those who are still skeptical about the economic recovery of Hawaii, some recent news may change your minds. According to the U.S. Bureau of Labor Statistics, there were more employees quitting than being laid off during the month of March. Yes, it takes time to process these statistics, so you won’t hear about the data right at the end of the month, but the news is good.

The tally of workers who quit their jobs in March came out to 2.1 million. These individuals are leaving their old jobs behind for something better, which should keep employers on their toes about providing a good work environment full of opportunity. As for those moving on to another position, it’s generally in your best interest to give plenty of notice to your employer and to work hard with a positive attitude until the last day.

As for the housing market’s influence on the economy, some may still be concerned about foreclosures. The Hawaii Legislature passed a bill to change the state’s year-old foreclosure law so the attorneys representing lenders will be required to verify the accuracy of all case documents.

It’s surprising that this wasn’t always a requirement, but still, it’s another important step forward to a healthier future. In fact, attorneys estimate that the bill will lead to the slowing or stopping of foreclosure cases in Hawaii. Home owners can rest easy that the state is cracking down on mishandled cases. For now, the bill will apply to foreclosure cases in Hawaii courts until July 1, 2017.

Hopefully this bill will ease the concerns of those who are interested in buying a Maui home, but were discouraged by the mortgage difficulties faced by other home owners. If you are interested in South Maui real estate, you’ll find our contact information at the bottom of the page. In the meantime, feel free to browse our Maui mls listings by category to the left. Mahalo!

You may also like…