Princeville Kauai Condominium Mean Sales Price - 11/29/08 06:56 PM

Unlike Poipu Condominiums that experienced a 35% spike from 2004 to 2006, Princeville's Mean Sales Price increase has been more gradual. Consequently, the back-pedaling of equity values in the Princeville condominium market, therefore, shows statistically a much less less-dramatic contraction. This phenomenon may also be attributed to the consistently higher number of condominiums on the market in Princeville over Poipu that moderates such market fluctuations.

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How Much ?? = $8,500,000,000,000 - 11/29/08 06:03 PM

 
BIG BAILOUT BUCKS
HUGE DOLLARS
 

Federal bailouts, equity buys into banks and investment houses, liquidity infusions by the U.S. Federal Reserve Bank, loan guarantees and economic stimulus checks now total $8.5 trillion, according to various estimates.
That equates to about 60 percent of U.S. gross domestic product, which will come in around $14 trillion, according to economists.
The $8.5 trillion total in bailouts is nearly twice the size of annual GDP in Japan and accounts for more than the annual GDP of every national economy except the U.S., European Union and China, according to federal data.
… (2 comments)

Poipu Beach Kauai Condominium Mean Sales Prices - 11/29/08 03:17 PM
The National Association of Realtors projects that as the US economy continues to back-pedal, Real Estate prices nationally will soon contract to 2004 levels. Based on current figures as shown on the graph below, Poipu Beach condo prices have already returned to those levels. This suggests that Poipu Condominium prices may contract even further (2003 levels) since they are essentially second home investment properties.


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The Patient Is Not Responding !! - 11/29/08 02:12 PM

Seeing the threat to the world economy’s vital functions, the policymakers have been working overtime. Interest rates have been cut dramatically. American rates are already down to 1%; Britain’s are at a 50-year low; and this week China’s central bank lopped 108 basis points off its main policy rate. Hundreds of billions have been pumped into banks and financial markets. Many financial institutions have been bailed out: the rescue of the once mighty Citigroup is merely the latest unthinkable to happen. Despite all this, the patient has not responded. This is partly because some traditional remedies, such as looser monetary … (3 comments)

Mortgage Dilemma Exists - 11/28/08 10:10 PM

The current scarcity of funds available for mortgage lending creates a chicken-and-egg situation,
1. Investors who provide funding for home loans don't want to commit more money until they believe the housing market is getting better.
2. But it's hard for the housing market to rebound as long as mortgage credit is tight.
3. Lower prices eventually will break this impasse, by luring buyers back into the market and reassuring investors that the market is finding a bottom.

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Kauai Real Estate - Sold Last TEN Days - 11/28/08 09:56 PM
 

 

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BIG BAIL-OUT is Bigger Than You Think !! - 11/24/08 03:20 PM
There is More Bail-Out Money from Other Sources. Wall Street analysts, congressional overseers and the media have parsed every detail of the Treasury Department's financial rescue program -- $250 billion and counting. Largely outside public view, however, the Federal Reserve is lending far more than that amount -- $893 billion, roughly the equivalent of the annual economic output of Mexico -- to help a wide range of institutions weather the economic storm. As of last week, the Fed's loans included $507 billion to banks, $50 billion to investment firms, $70 billion for money market mutual funds, and $266 billion to companies … (1 comments)

Kauai Real Estate Sales - In Escrow Last 10 Days - 11/24/08 09:44 AM
 


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Timothy Geithner as Treasury Secretary - 11/24/08 09:27 AM

Assuming he is nominated Mr Geithner brings two crucial qualities. First, he represents continuity. From the first days of the crisis last year, he has worked hand in glove with Ben Bernanke, the Fed chairman, and Mr Paulson. He can continue to do so while awaiting confirmation. If Citigroup, for example, needs federal help, Mr Geithner will be involved. An unknown when he joined the New York Fed in 2003, he is now a familiar face to the most senior executives on Wall Street and to central bankers and finance ministers overseas.
Second, he represents competence. He has spent more … (1 comments)

G-20 Update - 11/17/08 05:17 PM
 

As well as promising a "broader policy response" to the current crisis, the G20's leaders laid out a detailed plan for financial reform. They promised to "strive" for a deal on the stalled Doha round of world trade talks by the end of the year and, more importantly, made a collective pledge not to raise any barriers to trade and investment over the coming year. Add in the promises made around the gathering's fringes, particularly Japan's pledge to bolster the IMF's kitty by lending it $100 billion, and the weekend yielded enough to justify the traffic jams in Washington, … (0 comments)

KAUAI Real Estate Market: CLOSED SALES - Last Ten Days - 11/17/08 09:36 AM
 


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KAUAI Real Estate Market: New Escrows - Last Ten Days - 11/17/08 09:23 AM
 

 

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Recent Poipu Land Sales - 11/06/08 09:52 PM
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Poipu Aina Estate Lots Listed - 11/06/08 06:01 PM
 

 
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Poipu Area Home Sales (From June 5, 2008) - 11/06/08 05:54 PM
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Denial and Acceptance - 11/03/08 11:45 AM
Regardless of who becomes our next president, real estate sales will continue to languish until Sellers get over their denial process and adjust prices to levels that will attract Buyers in this market.

This denial stage, although understandable, is irrational and destructive. Sellers must admit that the value of their Kauai real estate, in fact, has dropped and may be less now than what they paid for it 2, 3, 4 years ago.
As property equities fall, Sellers lose value. No one knows how long and how far this "drop" stage will last during this severe global economic contraction. Real … (5 comments)

Kauai Home Sales & Past Recessions - 11/02/08 09:17 PM


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World Economy - A wing and a prayer - 11/02/08 08:34 PM
FROM THE ECONOMIST:

This credit crunch will be grim, but most emerging markets can avoid catastrophe. The biggest ones are in relatively good shape. The more vulnerable ones can (and should) be helped.
Among the giants, China is in a league of its own, with a $2 trillion arsenal of reserves, a current-account surplus, little connection to foreign banks and a budget surplus that offers lots of room to boost spending. Since the country's leaders have made clear that they will do whatever it takes to cushion growth, China's economy is likely to slow-perhaps to 8%-but not collapse. Although that … (2 comments)

Kauai Real Estate CLOSED Escrows Last 7 days - 11/02/08 08:21 PM
 

 
 

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Kauai Real Estate in Escrow Last 7 days - 11/02/08 08:12 PM
 

 
 

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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

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