Kauai Price Reductions - Last Ten (10) Days - 09/30/08 01:46 PM
 


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Kauai Homes In Escrow - Last Ten (10) Days - 09/30/08 12:28 PM
 


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Good Bye Legislation Work. Hello Jewish new year holiday. - 09/30/08 10:56 AM
After the Bail-out Bill non-passage yesterday . . .. almost unbelievably, the entire House of Representatives promptly went home for two days (vacation?) in honour of the Jewish new year holiday, leaving the mess behind them. Presumably, many members of Congress didn't realise that the spreading financial disaster would quickly follow them into every small community in the US.
Maybe they just need a good time-out and a good night sleep before returning to the "drawing board."
 

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Sellers: PLEASE - Face the New Reality -- It's a Buyers' Market - 09/30/08 04:23 AM
 

Sellers: PLEASE -  Face the New Reality -- It's a Buyers' Market Property owners who want to sell now have a choice: sell in the current market, or wait until later, when market conditions improve. Of course, the latter assumes they can wait. But if you are determined to sell, you need to forget about the real estate market of just a few years ago and face the new reality. It's a buyers' market, and you are now competing with the growing supply of motivated sellers to get buyers interested in your property.In this buyers' market, the two most … (3 comments)

Wall Street, R.I.P.: The End of an Era - 09/28/08 01:34 PM
The world of big egos where people love to roll the dice with borrowed money. A world of tightwire trading, propelled by computers. In search of ever-higher returns, bigger yachts, faster cars and pricier art collections. Wall Street firms bulked up their trading desks and hired pointy-headed quantum physicists to develop foolproof programs. Private equity firms amassed giant funds and went on a shopping spree, snapping up companies.
That world is largely coming to an end.
The huge bailout package just passed by Congress this morning may stabilize the financial markets, but it's too late to help firms like Bear Stearns and … (0 comments)

Kauai Buyers Still Buying: $23,000,000 In Escrow This Month - 09/27/08 06:14 PM
 

 
 
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BAILOUT Deal principles may be emerging - 09/26/08 01:33 PM
 
The principles of a deal may be emerging. Under these:
•1.   The administration would get $250 billion immediately,
•2.   Thereafter, $100 billion when the president says that it is needed,
•3.   The remaining $350 billion would be available subject to consent by Congress.
•4.   The treasury secretary would have to:
•a.   Set standards to prevent excessive or inappropriate executive compensation for participating companies",
•b.   Obtain equity participation from the companies,
•c.   Operate under a "strong oversight board with cease-and-desist authority" and an independent inspector general.
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Kalaheo, Kauai, Hawaii - Kakela Makai Ocean View Homes Listed - 09/25/08 11:42 PM
 


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Distressed Property Hawaii Law MUST be Amended to Exclude Realtors. - 09/25/08 02:54 AM

The stated purpose of the new law is to protect the property owners facing foreclosures, liens, or encumbrances from persons who would prey on them.
 This act addresses possible misrepresentations by such persons who would offer assistance to these owners and requires them to fully describe their services in a written contract. It gives the property owner the right to cancel at any time before a "distressed property consultant" has performed all services called for in a contract.
The problem arises in the definitions section: "Distressed property consultant means any person who performs or makes any solicitation, representation, or offer … (3 comments)

Kauai: YTD - Number of Closed Sales by Type and Month - 09/23/08 02:09 AM

The chart above shows a clear trend for the reduction in the number of closed sales on Kauai. As demand continues to decline and the supply increases, the resulting downward price adjustment must soon follow. It has become a battle of wills but the Sellers must soon concede to the inevitable. However, in order for cycles to continue their dynamic swings (up and down) the current downward trend is only a preamble for the recovery. Just dont ask me when !!
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Nihilani at Princeville Resort - Available Inventory - 09/22/08 09:57 PM
 


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Kauai, Hawaii - Currently in Escrow - 09/22/08 11:31 AM
 

 
 
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Bailout Concerns - 09/21/08 11:50 AM

Reportedly, 90 percent of the assets of insolvent thrifts with delinquent loans are residential properties. The bailout deals with the symptom of the problem.
The Government will likely dump much of the property assets onto the market which may keep real estate prices depressed since the inventory will increase. However, the prices will be more affordable.
As long as investors know the Government could suddenly come to market with low-priced properties, they will be unwilling to commit to new purchases.
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Princeville, Kauai Sales: Homes in Escrow today ! - 09/21/08 11:32 AM

 
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Equity Sharing . . . "in times like these!" - 09/21/08 11:27 AM

Equity Sharing (edit/delete)
An equity sharing deal is typically struck to help sell a home, often in a tough market, but a tough market isn't a prerequisite. It also helps enable a home purchase when it might not otherwise be possible. And it is used to provide an investment with a financial return.
Typically savings-poor, but income-rich, one person becomes the occupying homeowner with no or little money down. A second participant, the investor, provides the initial leverage usually in the form of a down payment stake. With time, he or she can enjoy a joint venture-like return on … (0 comments)

10 Things to Ask a Real Estate Agent - 09/18/08 08:48 PM

 

 
"It's critical that you make the right decision about who will handle what isprobably the single largest financial investment you will ever make."
Not all real estate agents are the same. If you decide to seek the help of an agent
when selling or buying your home, you need some good information before you
make any moves. Below are some specific questions you should ask to ensure that
you get the best representation for your needs. Some agents may prefer that
you don't ask these questions, because the knowledge you'll gain from their
honest answers will give … (1 comments)

Princeville, Kauai Sales - Month-To-Date (September) - 09/18/08 03:53 PM

Princeville, Kauai Sales Activity, although "lean" certainly has not ceased . . . .  (We are certain it will always be a very desireable place to live!!)  So far, this month, we have two condos (Villas and the Prince and Pali Ke Kua) and a single family residence (In Queen Emma's Bluffs). We are also tracking new Escrows and will report on these as well as existing (pending transactions).
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All Kauai Condos Listed Over $1,000,000 - 09/18/08 01:10 PM
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First Time Buyer Tax Credit Information - 09/18/08 01:03 PM
 
1. The tax credit is not a deduction, but rather a true credit in the sense that your federal income tax liability will be reduced dollar-for-dollar up to the amount of the credit you're entitled to take. For example, if you owed federal income tax of $8,000 and you took the maximum credit of $7,500, your tax bill would be cut to $500. The credit is also refundable: If you owed, for instance, $1,500 in income tax and, again, you took the maximum credit, your tax liability would be zeroed out and you'd get a check for $6,000 from the … (0 comments)

Kauai Homes Listed Over $4,000,000 - 09/18/08 04:09 AM
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Can these financial institutions absorb that much loss? - 09/18/08 03:47 AM

if so many financial institutions are being acquired by larger financial institutions . . . .  can these large financial institutions absorb the losses from this point forward?
Large corporations should have resources efficient enough and create productivity; however, as we see from the real estate market (especially with potential short sales) are there any efficiencies or productivity enhancements? Some of the larger financial institutions are doing a miserable job in dealing with the current situation regarding a potential sale.
Thefre will be more unstability with the financial institutions -- Some say B of A Calls for a watchful eye.
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Official American International Group, Inc. (NYSE:AIG) Statement - 09/18/08 03:34 AM
Addresses Liquidity Issues and Policyholder Concerns
NEW YORK--Sept. 16, 2008--The Board of Directors of American International Group, Inc. (NYSE:AIG) issued the following statement in response to today's announcement by the Federal Reserve Board that the Federal Reserve Bank of New York is providing a two-year, $85 billion secured revolving credit facility to AIG that will ensure the company can meet its liquidity needs:
"The AIG Board has approved this transaction based on its determination that this is the best alternative for all of AIG's constituencies, including policyholders, customers, creditors, counterparties, employees and shareholders. AIG is a solid company with over $1 … (0 comments)

Some AIG business segments remain profitable - 09/18/08 03:32 AM

The New York Times reported that some AIG business segments remain profitable, and that the company's biggest problems are in a London-based financial products unit that sold credit-default swaps that insured securities backed by mortgages. AIG provides credit-default swaps through subsidiaries AIG Financial Products Corp. and AIG Trading Group Inc. and their subsidiaries
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Mortgage Rate Jump Disappoints Buyers - 09/18/08 03:18 AM

Mortgage rates have jumped in the last two days even as rates on Treasurys have fallen, disappointing homeowners and potential home buyers.
Rates on 30-year fixed-rate conforming mortgages currently average 6.11% after dropping below 6% last week. Rates slid a bit more on Monday before jumping by roughly one-eighth to one-quarter of a percentage point in the past two days, mortgage lenders and mortgage brokers say. Rates currently average 7.42% for 30-year fixed-rate jumbo mortgages, which are loans too large to be eligible for purchase by government-sponsored mortgage investors Fannie Mae or Freddie Mac.
Mortgages are still well below their … (0 comments)

Check Out: StateMaster, a unique statistical database. - 09/15/08 01:58 PM
This site allows you to research and compare a multitude of different data on US states. They have compiled information from various primary sources such as the US Census Bureau, the FBI, and the National Center for Educational Statistics. More than just a mere collection of various data, StateMaster goes beyond the numbers to provide you with visualization technology like pie charts, maps, graphs and scatterplots. Also thousands of map and flag images, state profiles, and correlations.Stats on everything from toothless residents to percentage of carpoolers. 
http://www.statemaster.com

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Good Real Estate Research Tools - 09/15/08 01:29 PM
•o   Alltop Real Estate
•o   Altos Research
•o   Best Places
•o   CE Forward
•o   Craigslist
•o   Foreclosure Radar
•o   Global Property Guide (Int'l)
•o   HomeGain
•o   Hotpads (Rentals)
•o   House Data (OFHEO)
•o   Housing Tracker
•o   My New Place (rentals)
•o   MyDealBook
•o   OFHEO
•o   Properazzi (Europe)
•o   Property Shark
•o   Radar Logic
•o   Radcribs
•o   Rentometer
•o   Roost (Listings)
•o   S&P/Case-Shiller Index
•o   Sellsius
•o   StateMaster
•o   Street Easy (NY)
•o   Trulia (Search)
•o   Zillow (Search)
 
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Former Federal Reserve Chairman Alan Greenspan comments on the financial crisis - 09/15/08 01:15 PM
Former Federal Reserve Chairman Alan Greenspan said the financial crisis that began with the collapse of the subprime- mortgage market last year ``is probably a once in a century event'' that will lead to the failure of more firms.
``There's no question that this is in the process of outstripping anything I've seen, and it is still not resolved,'' Greenspan said in an interview yesterday on ABC's ``This Week with George Stephanopoulos.'' Greenspan, 82, retired from the Fed in January 2006 after serving for 18 years as chairman.

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Princeville Kauai Home Sales - Last 90 Days - 09/14/08 12:22 PM
Princeville Kauai Home Sales - Last 90 Days (edit/delete)
 Below is the most recent statistics for Princeville Kauai Home Sales over the Last 90 Days. Buyers are still out there but very few . . . . Nevertheles, hope springs eternal and we expect a resurgence of sales by Decemeber with prices dropping steadily. Many Buyers are simply on the fence watching the market.
 
 


 
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What Causes People to Move ?? - 09/14/08 12:16 PM
 
The United States Census Bureau recently released numbers showing that when most people move, they stay within their own county, and the overwhelming majority remains within their own state.
The Bureau found that between 2006 and 2007, 38.7 million people moved in the U.S. Of that number, 25.2 million stayed in the same county, and 7.4 million moved to a different county within the same state. Only 4.9 million moved to a different state, and 1.2 million moved from abroad to the U.S.
The Bureau said the Northeast had the lowest moving rate (9 percent), followed by the Midwest (13 … (0 comments)

Kauai Home Sales (By Number) 2007 and 2008 YTD - 09/14/08 11:59 AM

Kauai Home Sales 2007 (Total)
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2008 YTD Kauai Single Family Home Sales Summary By District (selected) - 09/11/08 05:25 PM
 


 
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2008 Kauai Condominium Sales Summary By District (selected) - 09/11/08 05:17 PM
 


 
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Princeville Kauai Home Sales - Last 90 Days - 09/11/08 04:10 AM
 
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US Government Take-over of Fanny & Freddy impact on mortgage lending. - 09/10/08 01:40 PM

Here are some good bullet points regarding the impact on mortgage lending.
Major Points
Fannie and Freddie have been placed in conservatorship. (Federal government has taken 79.9 percent of common stock and all dividends in return for buying $1 billion of preferred shares.) Treasury Department says both are open for business with no major changes in operations. Top Fannie/Freddie executives have been replaced. Fannie/Freddie can grow their guaranteed mortgage book with no limits and grow their retained portfolios with limits. Ultimately, the government plans to shrink their portfolios (10% per year starting in 2010). The federal government will provide capital … (0 comments)

Kalaheo, Kauai, Hawaii Homes Listed 2008 YTD - 09/09/08 05:01 PM



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Kalaheo, Kauai, Hawaii Homes Sold 2008 YTD - 09/09/08 04:41 PM
 
 


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August Kauai MLS Sales Statistics (Median Sales Price) - 09/08/08 02:13 PM

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August Kauai MLS Sales Statistics (Sales Volume) - 09/08/08 02:10 PM

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Kauai MLS Sales Statistics for August (Number of Sales) - 09/08/08 02:02 PM
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For Sellers who absolutely, positively must sell - 09/08/08 11:41 AM

For Sellers who absolutely, positively must sell, here are some of the current incentives and strategies in use today:
CARRYING THE NOTE:  Offering buyers seller-financing "carry-back loans," which are essentially mortgages or loans financed by the seller. This can be risky.  Partition the "carry back" amount into a first and second Purchase Money Mortgage prevents the new owner from obtaining additional financing that would weaken the home's equity position in the event the seller is forced to repossess the home. This works best if the home does not have an existing mortgage, many of which contain "due-on-sale" clauses, meaning the … (0 comments)

All About Kauai - 09/05/08 03:53 PM

Kauaʻi (in standard Hawaiian pronounced [kauˈaʔi]; in Kauaʻi-Niʻihau dialect, [tauˈaʔi]; usually spelled Kauai outside the Hawaiian Islands and pronounced /ˈkaʊɑɪ/ or /kaʊˈɑɪ/[1]) is the oldest of the main Hawaiian Islands. With an area of 552.3 square miles (1,430.5 km2), it is the fourth largest of the main islands in the Hawaiian archipelago and the 21st largest island in the United States.[2] Known also as the "Garden Isle", Kauaʻi lies 105 miles (170 kilometers) across the Kauaʻi Channel, northwest of Oʻahu. Of volcanic origin, the highest peak on this mountainous island is Kawaikini at 5,243 feet (1,598 m).[3] The second highest peak is Mount Waiʻaleʻale … (0 comments)

Kauai County Tax Increase Proposed Legislation - 09/03/08 09:01 PM
 

Typically, I am one who merely accepts what the "powers-that-be" dictates is the best for everyone.
The ideal philosophical basis for intelligent government is simply this: The greatest amount of good for the greatest amount of the people.
However, the Kauai Council has taken to the opposite principal in a misguided effort to give the "common-man" a lower tax bill.
This short sighted approach completely ignores the bigger-picture impact on Kauai's general economy. Kauai's reputation of being anti-business
has really been endorsed by this most recent tax bill (that will likely get passed).  I have tried to not let … (0 comments)

Kauai East Side Home Sales Over $1,000,000 2008 - YTD - 09/02/08 12:24 PM
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Kauai North Shore Home Sales Over $1,000,000 2008 - YTD - 09/02/08 12:20 PM
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Kauai South Side Home Sales Over $1,000,000 2008 - YTD - 09/02/08 11:12 AM
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Kauai Home Search - 09/02/08 12:30 AM
Kauai Home Search
E-mail Form to - jp@hiinfo.net together with
ANY ADDITIONAL REQUIREMENTS
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All About Kauai - 09/02/08 12:14 AM

Kauaʻi (in standard Hawaiian pronounced [kauˈaʔi]; in Kauaʻi-Niʻihau dialect, [tauˈaʔi]; usually spelled Kauai outside the Hawaiian Islands and pronounced /ˈkaʊɑɪ/ or /kaʊˈɑɪ/[1]) is the oldest of the main Hawaiian Islands. With an area of 552.3 square miles (1,430.5 km2), it is the fourth largest of the main islands in the Hawaiian archipelago and the 21st largest island in the United States.[2] Known also as the "Garden Isle", Kauaʻi lies 105 miles (170 kilometers) across the Kauaʻi Channel, northwest of Oʻahu. Of volcanic origin, the highest peak on this mountainous island is Kawaikini at 5,243 feet (1,598 m).[3] The second highest peak is Mount Waiʻaleʻale … (0 comments)

More on Market Psychology & Governmant Regulations - 09/01/08 10:33 PM
 

People who have a house on the market now would be wise to step back and reassess their strategy. If a house has been languishing on the market for many months months, it might well be time to accept your fate and finally lower the asking price. Those who have made bad investments are often tempted to wait out the downturn until they can recoup their purchase price. That's a mistake.
Government should take immediate steps to ensure that borrowers are able to make sensible comparisons among different financing plans. Mortgage providers tend to deluge people with fine print … (0 comments)

 
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James G. Pycha (R), REMAX Kauai Broker

Princeville, HI

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James Pycha (R) - REMAX KAUAI

Address: 5-4280 Kuhio Highway, Princeville Center - Suite C-205, Princeville , HI, 96722-3609

Office Phone: (808) 826-9675

Cell Phone: (808) 639-2622

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