By: Andrew Walden
SA: … “Housing affordability continues to deteriorate,” UHERO said in its summary. “The median price of a single-family home is up 9% statewide and 15% on Maui this year, and mortgage rates hover near 7%. Rising homeowner insurance premiums, driven in part by climate risks, are another headwind to housing affordability and housing market recovery. These challenges are compounded by slow progress in addressing Maui’s post-fire housing needs.”