NATIONAL ECONOMIC AND HOUSING DATA
May 31st, 2007The Office of Federal Housing Enterprise Oversight has released their first quarter results:
THE YOUNG BUYING RETIREMENT HOMES
May 30th, 2007In today's Wall Street Journal, Jeff Opdyke reviews a trend we are seeing happening on Maui:
HAS THE U.S. ECONOMY BOTTOMED?
May 29th, 2007Morgan Stanley seems to think so. Today Richard Berner, Chief US Economist for the firm, wrote the following:
Standard and Poors/Case-Shiller Home Index Declines
May 29th, 2007This is not surprising. The S&P/Case-Shiller Home Index today reported a year-over-year decline in the sale prices in the first quarter for its ten-city and twenty-city index. Each index fell approximately 1% from a year earlier. In the markets that most affect Maui, San Diego was down 6%, San Fransisco was down 2.3% and Seattle was up 10%. For more information, contact us!
ANOTHER REASON TO LOVE MAUI
May 28th, 2007Separately, Uncle Willie K and Eric Gilliom are wonderful. Together as the Barefoot Natives they are rapidly becoming a Maui Treasure. Here they are at the Castle Theater singing Ku'u Home o Kahalu'u. Enjoy.
A QUIET WEEK AT MAKENA SURF
May 25th, 2007There were no new listings or sales this week.
A DEAL IN WAILEA
May 25th, 2007Seriously folks, this is a real deal. 220 East Ikea Kai in Wailea Kialoa. A beautifully remodeled, one story, three bedroom, 2100 square foot home with a garden view. Very quiet and very private. This was originally listed for $2.3 million and is now at $1.65 million. Here are some pictures.
POOR EXISTING HOME SALES
May 25th, 2007In contrast to yesterday's robust new home sales figures, today's existing home sales were very, very soft:
HOUSING AND ECONOMIC NEWS
May 24th, 2007Significant economic news was reported today:
THE COMMERCIAL MARKET ON MAUI
May 23rd, 2007The commercial real estate market is extremely tight at the moment. From a story in the Maui News:
