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kihei real estate: Wailea News: Most Say Buying Home Makes Financial Sense - 10/14/10 08:27 PM
Nearly eight out of 10 respondents believe buying a home is a good financial decision, despite ongoing challenges with the economy and housing market. That's according to the 2010 National Housing Pulse Survey, an annual report released today by the NATIONAL ASSOCIATION OF REALTORS.® The survey, which measures how affordable housing issues affect consumers, also found job security concerns to be the highest in eight years of sampling, with 70 percent of Americans saying that job layoffs and unemployment are a big problem in their area; eight in 10 cite these issues as a barrier to homeownership. "The real issue facing (0 comments)
kihei real estate: New Home Sales Recovery Predicted for Early 2012 - 10/14/10 04:10 AM
The Concord Group real estate strategy firm predicts that with 18 months worth of housing inventory on the market, it will take until the first quarter of 2012 for demand for new homes to equal what it was in 2000.Concord Group calculates that new home sales in 2010 were 70 percent below peak demand in 2005 and at the lowest point since 1963.Concord says these regions have the strongest long-term growth potential:· Orange County, Calif.· San Jose, Calif.· Seattle· Washington, D.C. ************************************ It's a buyers market here on Maui...take advantage of it while you can. Maui just may be more affordable (3 comments)
Imagine vacationing on Maui whenever you want. Contact me about Vacation Rental Investments...these are not timeshare units,but condominiums that allow short term rentals to vacationers. It's a buyers market here on Maui...take advantage of it while you can. Maui just may be more affordable than you think. Aloha, Jeff Jeff Graves, Realtor®(S)(808.633.1292 (Cell)JeffGraves@ClearWire.net Coldwell Banker Island Properties34 Wailea Gateway Place, A-207Wailea, Maui, Hawaii 96753
kihei real estate: Wailea Maui: Economists Say Housing at Bottom - 10/12/10 04:39 PM
Nationwide economists expect housing prices to stabilize. Beacon Economics analyzed home affordability and came away feeling optimistic.Beacon Economics founding principal Christopher Thornberg, whose firm advises a variety of business clients, says the high level of affordability is likely to drive demand and reduce the stock of excess inventory, ultimately resulting in the need for new housing, a rise in prices, and a pickup in new construction."While prices may fluctuate modestly over the next several months, we believe the worst of the housing crisis is behind us," says Beacon Economics Research Manager Jordan G. Levine. "We expect prices to stabilize around current (2 comments)
kihei real estate: Maui Will Move You and Take Your Breath Away... - 10/11/10 02:28 AM
Seven Sacred Pools near Hana. Makena Beach also known as Big Beach Can you imagine... vacationing on Maui whenever you want having a retreat for your family to enjoy what would your friends think if you let them stay in your "place on Maui" How cool would that be?Maui is paradise...and owning property on Maui can be...no ka oi. You can keep it simple with...a turn-key vacation rental that's my specialty. (I'm not talking about timeshare here). Vacation rentals are an investment for your personal use and can generate income for you while you are not here on vacation. All aspects of property (7 comments)
kihei real estate: Kihei Maui: Mortgages Hit Lowest Levels Since 1950s - 10/10/10 01:09 AM
Thirty-year fixed mortgages slipped to 4.27 percent this week, the lowest on records dating back to 1971, from 4.32 percent last week. A drop in interest on 15-year loans to 3.72 percent from 3.75 percent, meanwhile, was the lowest on records dating back to 1991. Freddie Mac also reported that the five-year adjustable-rate mortgage fell to 3.47 percent from 3.52 percent last week, and the one-year ARM dropped to 3.40 percent this week from 3.48 percent. It is still a buyer's market on Maui...learn how to take advantage of it.
Aloha, Jeff Jeff Graves, Realtor®(S)(808.633.1292 (Cell)JeffGraves@ClearWire.net Coldwell Banker Island Properties34 (0 comments)
kihei real estate: Wailea Maui: Foreclosure Halt Creates Problems for Buyers - 10/09/10 03:47 AM
The fallout from the crackdown on mortgage lenders' handling of paperwork is affecting buyers' ability to close.Distressed properties make up about a third of home sales. About half of states are particularly affected by the problem. Two factors in various states are causing numerous delays are:1. Officials in several states - including Texas, Maryland, and Connecticut - are seeking a suspension of all foreclosures until lenders prove what they are doing is legal.2. Title insurers are refusing to sell title insurance when they can't be sure there is a clean title.When will the problem be resolved? Right now, it appears to (0 comments)
kihei real estate: Wailea Maui: Mortgages Hit Lowest Levels Since 1950s - 10/09/10 03:40 AM
Thirty-year fixed mortgages slipped to 4.27 percent this week, the lowest on records dating back to 1971, from 4.32 percent last week. A drop in interest on 15-year loans to 3.72 percent from 3.75 percent, meanwhile, was the lowest on records dating back to 1991. Freddie Mac also reported that the five-year adjustable-rate mortgage fell to 3.47 percent from 3.52 percent last week, and the one-year ARM dropped to 3.40 percent this week from 3.48 percent. On Maui it's a Buyer's Market...It is not often that Maui has a "Buyers Market", but we're in one now...but inventory is shrinking as buyers-investors (2 comments)
kihei real estate: Wailea Maui: Good News for Investors! - 10/07/10 04:03 PM
Hawaii Tourism Authority: Visitors, spending saw double-digit gains in AugustRead more: Hawaii Tourism Authority: Visitors, spending saw double-digit gains in August - Pacific Business News (Honolulu) < if that link doesn't work for you try the one below. http://pacific.bizjournals.com/pacific/stories/2010/09/27/daily30.html Buying on Maui is more affordable than it has been in decades! It's a Buyer's Market...It is not often that Maui has a "Buyers Market", but we're in one now...but inventory is shrinking as buyers-investors have come to buy a piece of paradise while it's cheap. This Buyer's market will be changing to a Seller's market...the question is...will you buy now and (2 comments)
kihei real estate: Wailea Maui: HUD Has Loans for Out-of-Work Borrowers - 10/07/10 04:54 AM
The U.S. Department of Housing and Urban Development announced Tuesday that it will offer $50,000 loans to unemployed borrowers who are at least three months behind in their payments, but who have a reasonable likelihood of being able to resume regular payments within two years.The property must be the borrower's principal residence and they cannot own a second home. They must have suffered at least a 15 percent decline in income. The loan is available in 32 states not receiving assistance through the Hardest Hit Fund, which gave 18 states more than $4 billion to devise programs to help the unemployed (0 comments)
kihei real estate: Wailea Maui: Mortgage Applications Rise - 10/07/10 04:49 AM
Applications for mortgages to purchase homes rose 2.5 percent last week compared to the previous week on a seasonally adjusted basis, according to the weekly survey by the Mortgage Bankers Association.On an unadjusted basis, purchase applications increased 9.3 percent from the previous week. Purchase applications were down 34.7 percent than the same week a year ago. This is the highest purchase volume since the week ending May 7. "The increase in purchase activity was led by a 17.2 percent increase in FHA applications, while conventional purchase applications also increased by 3.6 percent," says Jay Brinkmann, MBA's chief economist."This is the second (0 comments)
kihei real estate: Wailea Maui: Officials ask feds to investigate foreclosures (List of States Impacted) - 10/05/10 09:27 PM
Incredible news even for the economic times we are in. This impacts people all across the United States, reaching even far into the Pacific Ocean on Maui (aka Paradise) in Wailea and Kihei. Below you'll find a link to a short article about the investigation into the banks foreclosure practices. Below that you'll find a list of the 23 states that have been named where foreclosures may be suspended, Hawaii is included. http://www.usatoday.com/money/economy/housing/2010-10-01-foreclosures01_ST_N.htm List of states impacted: Connecticut Florida Hawaii Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Nebraska New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Pennsylvania South (7 comments)
kihei real estate: Wailea Maui: Mortgage Rate Sinks to 4.32 Percent - 10/04/10 11:00 PM
Aren't these interest rates just incredible? Average interest on 30-year fixed mortgages fell this week to 4.32 percent, matching the lowest level on record. Interest on 15-year loans, meanwhile, declined to 3.75 percent, setting an all-time low. Investors have been flocking to the safety of Treasury bonds since the spring, which has driven down their yields and helped to keep rates at or near the lowest levels in decades.Source: Boston Globe (10/01/10) Buying on Maui is more affordable than it has been in decades! <strong>Side note...</strong>It is not often that Maui has a "Buyers Market", but we're in one now...but inventory (0 comments)
kihei real estate: Maui: The Recession Is Over - 09/22/10 02:39 PM
Maui: Still Buyers Market The recession was over in June 2009 (really?), according to the National Bureau of Economic Research, but some real estate practitioners might find that hard to believe.The U.S. economy shrank 4.1 percent from the fourth quarter of 2007 to the second quarter of 2009, the biggest slump since the 1930s, revised figures from the Commerce Department showed in July. Economists didn't pretend that the recession was getting better fast. "In determining that a trough occurred in June 2009, the committee did not conclude that economic conditions since that month have been favorable or that the economy has (4 comments)
kihei real estate: Fed Officials Call for More Housing Help - 09/03/10 08:24 PM
Maui: Wailea, Kihei and Makena Real Estate Report Federal Reserve officials attending a Fed conference reviewed the housing crisis and called for more programs to address broader issues. Eric Rosengren, president of the Fed’s Bank of Boston, said he is in favor of a more “holistic” approach. "My own view is that too little focus has been on community problems because the focus has been more targeted to housing and foreclosures," Rosengren said. "Rather than treating the symptom — the high REO problem — we need to better understand how to resolve the more general problems in communities that lead to (0 comments)
kihei real estate: Mortgage Rates Fall Yet Again - 09/03/10 08:12 PM
Mortgage rates have hit a new record low for the 10th time in 11 weeks as investors continue to turn to Treasury bonds as a safe haven; the shift in money is cutting yields, which mortgage rates tend to follow. Freddie Mac reports that 30-year fixed loans averaged 4.32 percent, down from 4.36 percent a week ago; and the 15-year fixed rate fell to a new low of 3.83 percent, down from 3.86 percent.Source: Chicago Sun-Times (09/03/10) Now is a phenomenal time to buy if you are: First-time home buyers with good credit and a small down payment Investors (new or seasoned) (2 comments)
kihei real estate: Maui Real Estate - 6 Strategies to Maximize Your Return - 09/03/10 04:02 AM
There are several ways that you can improve the return on your Maui real estate investment...below are the 6 most common. Discounted price Pay market value only if you can gain from some sweat equity Reduced holding costs - today's rates are the lowest they've been in like 50 years! Take advantage of higher rental rates - Maui has a "high season" which commands higher prices from tourists visiting during the most desirable months Tax write-offs (interest, monthly fees, taxes, service fees, etc) Appreciation - don't count on this right now...it will be a bonus. I believe you make your money on the purchase. Essentially (0 comments)
3 bedrooms 2 baths 1035 sf Potential Short Sale Wow. Can you say "investment opportunity"? For more information send me an email or post a comment so I can get a hold of you. Prices on Maui are at 5 and 6 year lows...but for how long? Get in before the prices skyrocket again. If you have questions about a particular listing in Kihei or Wailea on Maui please give me a call at 808.633.1292. Email me at JeffGraves@ClearWire.net for more information on "Buying Property in Kihei, (0 comments)
Kihei and Wailea Maui real estate for sale.
If you are thinking about taking advantage of the lower prices on Maui - be sure to contact me about Kihei and Wailea. I can help guide you in making the same move or purchasing a rental that you can use year after year.
Thinking of moving?
I relocated to Kihei Maui September 2005, I have first hand experience making the move to Kihei on Maui and can advise you as needed.
Jeff Graves, Realtor (S)
Coldwell Banker Island Properties
34 Wailea Gateway Place, A-207
Wailea, Maui, HI 96753
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.