HOMEBUILDERS SEE RECOVERY
January 20th, 2010In today's Wall Street Journal an article describes how the attitudes of homebuilders have changed and how they see 2010.
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In today's Wall Street Journal an article describes how the attitudes of homebuilders have changed and how they see 2010.
There is a very nice artilce on MSN.com today that compares and contrasts the quality of construction today and yesteryear.
The Case Shiller Index produced a series of surprisingly good results for the month of April. Here are Robert Shiller's thoughts.
The distress in the jumbo mortgage world has clearly had a negative impact on Maui real estate. In Wailea in the first six months only 1/3 of all sales were financed with conventional mortgages. That is only half that of 2008. But help may be on the way.
And that includes Maui. We would expect that sales activity increases are necessary to see price stabalization. So this is good news for Maui real estate.
From the Wall Street Journal's Bret Arends
Condominium sales across Maui fell 49% in the first quarter of 2009 compared to the same period a year ago. Median sale price declined 27% and the average per square foot value was 29% lower. Single family homes saw similar trends with unit sales falling 34%, median sale price falling 22% and average value per square foot down 27%.