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 higher concentrations of REOs and exacerbate the effects of high REOs."
Sandra Pianalto, president of the Federal Reserve Bank of Cleveland, told attendees of the conference that the Fed feels a “great sense of urgency” to get housing back on its feet.
"A healthy housing sector is critical both to the overall economy and to a sustainable economic recovery," Pianalto said.
Maui: Kihei, Wailea and Makena
On Maui in Wailea and Kihei we have turn-key rentals available at phenomenal prices. In some cases you will more than cover your normal monthly expenses and still reap all the tax benefits and write offs available.
For more information and Maui's Best Buys contact me direct at 808-633-1292 or send me an email at JeffGraves@clearWire.net
Jeff Graves I Realtor®(S)
Coldwell Banker Island Properties
34 Wailea Gateway Place, A-207
Wailea, Maui, Hawaii 96753
Source: Reuters News (09/02/2010)