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Kai Malu unit 38-B, currently rented and in excellent condition has reduced its asking price to $1,185,888. This three bedroom unit is new, offers three bedrooms and access to Kai Malu's wonderful amenities. 24-B, with downstairs mast and a wonderful ocean view has been reduced to $1.285,888. Bo...
11/10/2008
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Activity on Maui continues to be very slow. The Maui real estate market is a function of tourism and tourism remains down dramatically from a year ago. List price reductions are no coming daily and it remains a buyers market. We are now seeing a little more foreclosure activity but it is still no...
11/10/2008
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JP Morgan has announced that they will modify the terms on $70 billion of mortgages. JP Morgan launched an ambitious plan Friday to modify the terms of $70 billion in mortgages for borrowers who are behind on their payments or soon could be. The move by the New York bank will cover as many as 40...
11/03/2008
Over the past several days there have been several major events on which to report. First on the general economy. If we weren't sure? We are now. The recession is here. If the economy shrank .3% in the quarter ended September? Then it isn't going to improve between now and December given the fa...
10/31/2008
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Standard and Poor's has released their Case-Shiller Home Price Indices for August. Data through August 2008 released by Standard and Poor's for its S&P/Case-Shiller Home Price Indices, the leading measure of US home prices, shows continued broad based declines in the prices of existing single f...
10/31/2008
Real Estate's Leading TOLL FREE: (866) 476-MAUI EMAIL US: info@tomandsean.com 37 Hoolalei Way Nice Home in Kihei! This immaculate home is located on a cul-de-sac in the conveniently located Keala Hills subdivision. This three-bedroom home is close to shopping, fine dining and Maui's exceptional ...
10/29/2008
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Dataquick has announced that sales in Southern California jumped dramatically in September: Southern California home sales shot up by an unprecedented 65 percent last month from the dismal, record lows of a year ago, when a credit crunch slammed the brakes on home financing. September sales also...
10/22/2008
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The Federal Government will buy approximately $125 billion of preferred stock in nine large banks in the first step of injecting $250 billion in banks across the country. Here are the key components of the plan: The structure will be as a dividend paying perpetual preferred stock Dividend rate t...
10/14/2008
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If there is one key tool that will tell us when the credit crunch and problems in the financial markets are easing? It is the TED Spread. That is the gap between three-month US Treasuries (the risk free rate) and three month Libor (the rate at which banks lend to one another). Historically that r...
10/13/2008
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Another eventful weekend. The Morgan Stanley Mitsubishi transaction is being renegotiated but is likely to be completed. Were that to not happen, it would really rattle the markets. Germany has announced a $400 billion bailout of its banks. European leaders are considering guaranteeing all interb...
10/13/2008
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We will be updating this site frequently to keep you up to date on all matters which might impact Kamaole Sands Real Estate. To look at recent posts that are no longer on the frontpage, please click on the appropriate category in the right hand column.
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- Tom & Sean
Real Estate's Leading Edge