real estate: Maui: The Recession Is Over
- 09/22/10 07:39 AM
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)
real estate: Maui: Expert Proposes Rewarding Good Borrowers
- 09/10/10 03:05 PM
At least one mortgage financing expert thinks that the government ought to consider rewarding people who are in financially sound shape and who want to continue to pay their underwater mortgages on time.Keith Gumbinger, a vice president at the HSH Associates mortgage-consulting firm, told Fortune magazine that he wants the federal government to issue what he calls, "value gap coverage."It would work this way: You bought a home for $350,000 in July 2006 with 100 percent financing at 6.8 percent. Now the property is worth $280,000, but your mortgage balance is $334,000. You can't refinance because you are underwater, but willing … (0 comments)
real estate: July Pending Home Sales Show Rise
- 09/02/10 08:19 PM
September 2, 2010 Following a sharp drop in the months immediate after expiration of the home buyer tax credit, pending home sales have modestly risen, the NATIONAL ASSOCIATION OF REALTORS® says. The Pending Home Sales Index, a forward-looking indicator, rose 5.2 percent to 79.4 based on contracts signed in July from a downwardly revised 75.5 in June, but remains 19.1 percent below July 2009 when it was 98.1. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.Lawrence Yun, NAR chief economist, cautioned that there would be a long recovery process. "Home … (2 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.
Aloha.
Jeff Graves, Realtor (S)
808-633-1292
Coldwell Banker Island Properties
34 Wailea Gateway Place, A-207
Wailea, Maui, HI 96753
Maui: Still Buyers Market
;)
;)
