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maui 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)
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maui 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.
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It's a buyers market here on Maui...take advantage of it while you can.
Maui just may be more affordable … (3 comments)
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maui 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)
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maui 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)
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maui real estate: Maui: Thinking about relocating to Maui? - 09/23/10 08:12 PM
Aloooooha!
If you are thinking about relocating to Maui...you are in the right place. I made the move just over 5 years ago and love it here. However, there are some things you want to know before taking such a leap of faith...such as:
What are the differences between the South Maui, West Maui, Central Maui, Hana and Up Country? What are the housing costs - Rent vs Purchase What are the options for your child to get a good education? What about food, utilities, activities, moving costs, etc.? Yes there is quite a list. It took us more than a year to make the move, … (2 comments)
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maui 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)
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maui real estate: Maui: Across the US Home Purchase Applications Rise 6.3% - 09/10/10 09:42 PM
Applications to purchase homes increased 6.3 percent last week compared to the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association weekly survey.On an unadjusted basis, purchases rose 4 percent compared to the previous week, but were down 38.8 percent from the same week a year ago.The Refinance Index decreased 3.1 percent from the previous week."Purchase applications increased last week, reaching the highest level since the end of May. However, purchase activity remains well below levels seen prior to the expiration of the homebuyer tax credit, and is almost 40 percent below the level recorded one year … (0 comments)
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maui 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)
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maui 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)
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maui 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)
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Jeff Graves, Real Estate Agent
Wailea,
HI
More about me…
Coldwell Banker Island Properties
Address: 34 Wailea Gateway Pl. Suite A-207, Wailea, HI, 96753
Cell Phone: (808) 633-1292
Email Me
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.
Aloha.
Jeff Graves, Realtor (S)
808-633-1292
Coldwell Banker Island Properties
34 Wailea Gateway Place, A-207
Wailea, Maui, HI 96753
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