NATIONAL ECONOMIC AND HOUSING DATA
May 31st, 2007The Office of Federal Housing Enterprise Oversight has released their first quarter results:
THE YOUNG BUYING RETIREMENT HOMES
May 30th, 2007In today's Wall Street Journal, Jeff Opdyke reviews a trend we are seeing happening on Maui:
HAS THE U.S. ECONOMY BOTTOMED?
May 29th, 2007Morgan Stanley seems to think so. Today Richard Berner, Chief US Economist for the firm, wrote the following:
Standard and Poors/Case-Shiller Home Index Declines
May 29th, 2007This is not surprising. The S&P/Case-Shiller Home Index today reported a year-over-year decline in the sale prices in the first quarter for its ten-city and twenty-city index. Each index fell approximately 1% from a year earlier. In the markets that most affect Maui, San Diego was down 6%, San Fransisco was down 2.3% and Seattle was up 10%. For more information, contact us!
ANOTHER REASON TO LOVE MAUI
May 28th, 2007Separately, Uncle Willie K and Eric Gilliom are wonderful. Together as the Barefoot Natives they are rapidly becoming a Maui Treasure. Here they are at the Castle Theater singing Ku'u Home o Kahalu'u. Enjoy.
A NEW OCEANFRONT ESCROW
May 25th, 2007Home number 4 at Maluhia at Wailea has gone into escrow. This 4800 square foot, four bedroom jewel with top of the line everything, including an unobstructed ocean view, is listed for $11.2 million.
POOR EXISTING HOME SALES
May 25th, 2007In contrast to yesterday's robust new home sales figures, today's existing home sales were very, very soft:
HOUSING AND ECONOMIC NEWS
May 24th, 2007Significant economic news was reported today:
THE COMMERCIAL MARKET ON MAUI
May 23rd, 2007The commercial real estate market is extremely tight at the moment. From a story in the Maui News:
SOME TRENDS WE SEE
May 22nd, 2007The island has been much quieter over the past two weeks. It's nice to be able to drive with no traffic, isn't it? We thought we'd discuss very briefly some of the trends we have seen in Maui's Real Estate market this year. In no order:
