JUMBO LENDING ON THE REBOUND
June 28th, 2009The 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.
SALES ACTIVITY INCREASING EVERYWHERE
June 28th, 2009And 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.
