RECENT BLOG POSTS
Maui oceanfront values generally run between $1200-$3000 per square foot depending upon what part of the island one is considering and the condition of the home one is discussing. Heck, that's NOTHING! 1. Avenue Princess Grace, Monaco ? $17,750 per square foot. 2. Severn Road, Hong Kong ? $11,20...
08/11/2008
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The Department of Business, Economic Development and Tourism has released Maui's tourism numbers for June. They were awful. Here are the lowlights: Total visitors down 22% from June 2007 Domestic arrivals down 22% International visitors down 21% Japanese visitors down 45% Canada down 18% This de...
08/04/2008
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In the second quarter the US economy grew at a slow, but positive rate of 1.9%. An emergency dose of government stimulus helped the U.S. economy grow at a 1.9 percent annual rate in the second quarter, a soft pace but enough to take it off a path perilously close to recession. This is unambiguo...
07/31/2008
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The long talked about housing rescue bill has become law. The key features include: $300 billion for new cheaper loans for troubled borrowers; $3.9 billion for fixing vacant properties; $15 billion in tax cuts; and Permanently increases to $625,000 the conforming loan limit This legislation will...
07/31/2008
After the Case Shiller Report, its nice to have something good to leave ya with for the day. Well, a tiny piece of good news amongst the carnage. The national housing inventory has declined...a little. The Wall Street Journal's quarterly survey of housing data in 28 major metropolitan areas sho...
07/29/2008
Standard and Poor's Case Shiller Index released it's data through May today and the news is not good: Data through May 2008, released today by Standard & Poor's for its S&P/Case-Shiller 1: Home Price Indices, the leading measure of U.S. home prices, show annual declines in the prices of existing ...
07/29/2008
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For an extended period of time Maui real estate seemed to avoid the slowdown in the national market, but now it has undeniably arrived. Island wide, and in South Maui, we are seeing increased inventory, extended days on market, the occasional short-sale and wary buyers. At present, in each proper...
07/28/2008
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The NAR has reported that existing home sales fell in June on a seasonally adjusted basis. Existing-home sales ? including single-family, townhomes, condominiums and co-ops ? fell 2.6 percent to a seasonally adjusted annual rate1 of 4.86 million units in June from a pace of 4.99 million in May, ...
07/24/2008
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We are pleased to join the listing for Wailea Fairway Villas Q-103. This townhouse style three-bedroom, 1500+ square foot unit boasts lovely ocean views, is in excellent condition and a list price under $1.1 million. There is a deal to be had here! For a private showing please contact us! Wailea ...
07/24/2008
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From our friends at Calculated Risk comes some telling national data. The top chart shows the absolute amount of for sale inventory nationally. At approximately 4.5 million existing homes for sale we seem to have reached a peak. That is good news. The second chart shows, at the current absorbt...
07/22/2008