In a seller's market, home prices typically increase due to limited inventory, while in a buyer’s market, prices tend to be more negotiable.

If you've enjoyed a lot of appreciation in the value of your primary home, you may want to start a timer to sell before losing the "lived in the house for 2 of the last 5 years" capital gains exemption (limited; not infinite, but big).  

This limited inventory will likely continue to drive prices upward.Sales - Median $/SF by MonthThe $/SF increased slightly MoM, bucking the seasonal trend.

Additionally, if you have too many personal use days, losses may be further limited by the Sec. 280(A) vacation loss limitations. 

Prohibited offsite booking activity includes, but is not limited to:   Providing contact information prior to booking (phone number, email, website, etc.) 

Some people go to Lake Lewisville/Dallas/Grapevine, but I don't hear about them spending the night and there are pretty limited options right on the water.I still hear a few people going up to Broken Bow/Hochatown, but that talk is way way down since about 2021. 

If the real estate is producing a steady return, you can make more aggressive bets with stocks or other alt assets.

We are sending 4k texts a day on average with Smarter Contact with no daily sending limits.

It does feel like there is likely a major market correction coming, but due to limited inventory of vacation-rentable units in Maui I feel like I should be somewhat more protected from the effects of said recession.

As stated above, this limits your conventional loan options, and means your rate will be higher with either a Conventional Loan or DSCR loan once you do the refi!