Aloha & Good Morning!
I am having so much fun on Maui right now! Not only am I able to go out and enjoy this beautiful island with hiking, waterfalls, camping and ocean sports but I am also able to do what I love! Bringing you Real Estate news and information is a joy for me.
Last week I viewed a home in Wailea that is listed under $900,000! These types of properties on Maui, in Wailea are always of interest. The property is in a gated community and has huge ocean views! I thought this was something that I needed to see and share with you. This 4bd/2.5ba has a unique floor plan where all the rooms are separate yet all are under the same roof. Check it out and please forward to anyone you think
might be interested in this great deal. You can view more on the listing by clicking on the links below.
Deals like this one and many others in all price ranges make it an exciting time to search Real Estate on Maui. With prices down and interest rates as low as they are you can get so much more for your money right now. I have several articles below that I thought were interesting and I wanted to share with you. The main theme is that we have more buying power right now. You can view these articles by clicking on the titled links.
Like many of the other voices out there, it is my opinion that if you are on-the-fence and waiting for rates or prices to go lower then this may be the time to make your move. Interest rates won't stay down forever and prices on Maui have been holding in some areas and increasing in others.
One last video I want to share with you is for the new listing I presented last week. This 1bd/1ba ocean front condo is located at the Maalaea Yacht Club. The unit is a great deal at $139,000! You just can't beat that price for ocean front property on Maui! Looking for more great articles, videos and advice? Check out the Real Estate Sales Maui Team on FACEBOOK and TWITTER.
Looking for the current foreclosures on Maui? Click HERE.
Retail sales fell 0.7% for the week ending September 3, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 2.7%.
The Institute for Supply Management reported that the monthly composite index of non-manufacturing activity rose to 53.3 in August from 52.7 in July. A reading above 50 signals expansion. It was the 21st straight month of expansion in the services sector.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending September 2 fell 4.9%. Refinancing applications decreased 6.3%. Purchase volume rose 0.2%.
The trade deficit decreased to $44.8 billion in July from a revised $51.6 billion in June. Exports rose 3.6% to $178 billion. Imports decreased 0.2% to $222.8 billion.
According to the Federal Reserve, consumer credit debt rose in July by $12 billion for a total credit level of $2.45 trillion. Revolving debt, which includes credit cards, fell by $3.4 billion. Non-revolving debt, including loans for cars, rose by $15.4 billion.
Wholesalers increased their inventories 0.8% to $462.4 billion in July. This followed a revised 0.6% rise in June. Sales at the wholesale level were little changed in July at $396.01 billion. On a year-over-year basis, sales were 15.1% higher since July 2010.
Initial claims for unemployment benefits rose by 2,000 to 414,000 for the week ending September 3. Continuing claims for the week ending August 27 fell by 30,000 to 3.7 million.
Upcoming on the economic calendar are reports on retail sales on September 14 and consumer inflation on September 15.
Craig Haueisen is a Loan Officer with Prospect Mortgage. Please feel free to email him or call him for any of your Mortgage needs.
Office: 808-298-7549 or Email: craig.haueisen@prospectmtg.com
Click here to visit Craig's website and apply online: http://myprospectmortgage.com/CHaueisen
Warmest regards,
Deb
Debbie Guimond, R(S), ABR, RRS
Century 21 All Islands, Wailea
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