NATIONAL HOUSING INVENTORY DECLINES
July 31st, 2008
Well, a tiny piece of good news amongst the carnage. The national housing inventory has declined…a little.
LOUSY CASE SHILLER NUMBERS
July 29th, 2008
Standard and Poor's Case Shiller Index released it's data through May today and the news is not good:
SELLING IN TODAYS MARKET
July 28th, 2008
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.
MORTGAGE RATES SPIKE
July 24th, 2008LOUSY NATIONAL SALE NUMBERS
July 24th, 2008
The NAR has reported that existing home sales fell in June on a seasonally adjusted basis.
FIRST HALF WALIEA RESULTS
July 17th, 2008In the first six months of 2008, the Wailea-Makena real estate market like the larger Maui real estate market remained sluggish. 50 Wailea condominium resales were completed, which is down from the same period in 2007. Oceanfront complexes saw 19 sales while the average sales price per square foot declined 13% from the full year 2007 levels. There were 31 mauka complex sales where per square foot sales prices were flat. The change in sales mix which saw resales at Ho’olei made the mauka numbers as a group look stronger than they truly were. With over 180 units for sale in Wailea and Makena, days on market continues to lengthen and inventory must be called very high.
BERNANKE IN FRONT OF CONGRESS
July 15th, 2008In testimony today in front of Congress, Fed Chairman Ben Bernanke said he sees threats to both economic growth and inflation.
ANSWERS FOR CANADIANS
July 13th, 2008Many Canadians are considering buying real estate on Maui and, as such, have a series of questions we thought we'd address up from. In no particular order, here we go!
INDYMAC AND WHAT IT MEANS
July 13th, 2008As you may know, mortgage lender Indymac has been seized by banking regulators. This is the latest and most visible of the woes facing the mortgage market.
