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County supplement could help homebuyers with down payments | News, Sports, Jobs


For many Maui County residents, the dream of owning a home feels out of reach.
Even for those fortunate enough to realize this dream, soaring real estate prices in a competitive market often mean sacrificing quality of life while facing the burdens of huge down payments and monthly mortgage payments.
The median sales price of a single-family home on Maui is quickly approaching $1 million (“Maui’s March home prices tie record of $980,000,” The Maui News, April 16). According to the most recent census data, the median household income in Maui County is just over $80,000.
Meanwhile, the number of single-family homes available for sale in March 2021 dropped to just 221 more than 50 percent lower than in March 2020 the lowest count in a decade. ....

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