The US economy contracted 3.8% in the fourth quarter, the worst number in twenty five years. Here are some key snippets from the Bureau of Economic Analysis:

The decrease in real GDP in the fourth quarter primarily reflected negative contributions from exports, personal consumption expenditures, equipment and software, and residential fixed investment that were partly offset by positive contributions from private inventory investment and federalgovernment spending.  Imports, which are a subtraction in the calculation of GDP, decreased.

So the declines were broad based and disturbing. However, results were actually better than the anticipated 5.5% decline.

So what does this mean for Maui real estate? Well, there is no way to spin this sort of economic result as good news. But it would seem that this reinforces the idea that for people considering buying Maui real estate this may well be a once in a generation opportunity to obtain property.

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