DID YOU KNOW
May 14th, 2007According to the American Affluence Research Center, that of the top 10% of American wealthholders (of which a subset accounts for almost all Maui buyers)
IMPACT OF SUBPRIME LENDING
May 14th, 2007In today's Wall Street Journal an article discusses the impact of the subprime lending pullback. Here are some key points:
MARK YOUR CALENDARS
May 10th, 2007The Maui Film Festival will run this year from June 13-17. This is one of the real cultural treats on the island. Old movies on the beach, first run movies on a golf course, specialty movies on rooftops and of course hours and hours at the wonderful Castle Theater at the Maui Arts and Cultural Center. Every year we have the same complaint…that we can't see them all!
FED HOLDS STEADY
May 9th, 2007The Federal Reserve did not change either interest rates or its guidance today. The Federal Funds rate remains 5.25%.
NAR LOWERS FORECAST
May 8th, 2007ARTICLE IN HONOLULU ADVERTISER
May 7th, 2007In today's Honolulu Advertiser, Andrew Gomes has summarized what is going on in the Hawaii housing market and what may be coming. The article focuses on Oahu, but still has some thoughtful tidbits:
THE WEEK IN MAUI MEADOWS
May 6th, 2007Two Maui Meadows homes have gone into escrow recently. 539 Pawali, a very large, heavily remodeled home with a cottage and amazing ocean views had been listed for just under $2 million. 3150 Hoomua, a 2200 square foot home with a modest ocean view had been listed for $1.19 million. Currently twenty-six properties are for sale in Maui Meadows.
NEW BREWBAKER REPORT
May 6th, 2007Our favorite local economist,Paul Brewbaker, Chief Economist of the Bank Of Hawaii, has released his latest quarterly review of Hawaii Economic Trends. Here are some key findings:
FIRST QUARTER TOURISM RESULTS
May 4th, 2007First quarter Hawaii tourism results have been released:
WAILEA GATEWAY
May 3rd, 2007If you have driven the Piilani Highway to its southern end and turned onto Wailea Ike headed towards the Shops at Wailea, you have probably seen the new sign up announcing Wailea Gateway. This is going to be approximately 32,000 square feet of retail space in two buildings. Here is a preliminary sightplan we were able to find on the Internet. Construction should begin this summer.
