March 17th, 2008
We have been getting lots of questions regarding the sale of investment bank Bear Stearns and what it may mean for the mortgage market and Maui Real Estate and especially oceanfront real estate. Our judgement is that it doesn't mean much. Since 1987, EF Hutton, Drexel Burnham Lambert, First Boston, Salomon Brothers and Kidder Peabody have all disappeared and the lasting impact has been nil. What happened to Bear is directly analagous to a "run on a bank." Their counterparties simply lost confidence in them and they could not survive. While their initial problems were mortgage backed securities related, ultimately that is NOT what did them in.
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March 17th, 2008
Researchers on the Big Island have drilled and found an enormous unexpected supply of fresh water. Why does this matter for Maui real estate? Because water limitations are frequently cited as a reason for stopping development and because the same researches believe Maui may have a similar geologic formation:
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March 17th, 2008
Researchers on the Big Island have drilled and found an enormous unexpected supply of fresh water. Why does this matter for Maui real estate? Because water limitations are frequently cited as a reason for stopping development and because the same researches believe Maui may have a similar geologic formation:
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March 12th, 2008
We will be announcing in the next few days the listing of another oceanfront property. This remarkable home will take your breath away. Check back for pictures and more details.
March 12th, 2008
Global Insight and National City Group have released their latest piece of research on the national housing market. Some key snippets follow:
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March 4th, 2008
According to a study prepared by National City Corp and Global Insight, it may be the best time to buy a house since 2004.
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March 3rd, 2008
In an interview today on CNBC legendary investor Warren Buffet stated the following:
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