Wednesday, November 23, 2011

Wednesday Morning Coffee on Maui - 11/23/11


Aloha & Good Morning!
There are so many things to be thankful for this year!  I wanted to let you all know that I am very thankful that you take a moment each week to join me in this Wednesday Morning Coffee newsletter.  Please enjoy this great poem that says it all and so much more. 

Sincerely,
Deb & Laura - Your Real Estate Sales Maui Team

Most of All
By Joanna Fuchs
Thanksgiving Day brings to mind
the blessings in our lives
that usually go unnoticed:
a home that surrounds us
with comfort and protection;
delicious food, for pleasure
in both eating and sharing;
clothes to snuggle up in,
books and good entertainment
to expand our minds;
and freedom to worship our God.
Most of all we are thankful
for our family and friends,
those treasured people
who make our lives extra special.
You are part of that cherished group.
On Thanksgiving, (and every day)
we appreciate you.
Happy Thanksgiving!


Looking for more great articles, videos and advice?  Check out the Real Estate Sales Maui Team on FACEBOOK, TWITTER and BLOGGER.
Looking for the current Bank Owned Foreclosures on Maui?  Click HERE. 

Lender Corner by Craig Haueisen                                                                                         
Last Week In The News
The index of leading economic indicators — designed to forecast economic activity in the next three to six months — rose a very strong 0.9% in October, following a revised 0.1% increase in September.
Retail sales rose 0.5% to $397.7 billion in October after a 1.1% increase in September. On a year-over-year basis, retail sales rose 7.2% in October.
Total business inventories were unchanged in September at $1.532 trillion, up 9% from a year ago. Total business sales increased 0.6% to $1.209 trillion in September, up 11.6% from a year ago. The total business inventories/sales ratio in September was 1.27.
Consumer prices fell a seasonally adjusted 0.1% in October, following a 0.3% increase in September. For the year, seasonally adjusted consumer prices are up 3.6%.
The National Association of Home Builders/Wells Fargo monthly housing market index rose three points in November to 20 from a revised reading of 17 in October. An index reading below 50 indicates negative sentiment about the housing market.
The combined construction of new single-family homes and apartments in October fell 0.3% to a seasonally adjusted annual rate of 628,000 units. Single-family starts increased 3.9%. Multifamily starts fell 13.3%. Applications for new building permits, seen as an indicator of future activity, rose 10.9% to an annual rate of 653,000 units.
Initial claims for unemployment benefits fell by 5,000 to 388,000 for the week ending November 12. That's the lowest level since April. Continuing claims for the week ending November 5 fell by 57,000 to 3.608 million, the lowest level since September 2008.
Upcoming on the economic calendar are reports on existing home sales on November 21 and gross domestic product on November 22.
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
                                          

Wednesday, November 16, 2011

Wednesday Morning Coffee on Maui - 11/16/11

Aloha & Good Morning!

As predicted the Maui Real Estate Market is on fire during this busy season.  Typically we see the traffic pick up in October and continue for the next few months.  I had a busy October and I have had a busy first half of November!

The Realtors Association of Maui (RAM) recently released data for sales from January 2011 - October 2011.  Here is my analysis of what the numbers say.  

The Maui Real Estate Market has been holding well and the buyer activity has increased this year over last for residential sales. When looking at the current data available from RAM it is clear that the market is holding-up well when comparing the first ten months of 2010 vs. 2011.


It is good news to report that the number of sales were up for both Residential and Vacant Land.  Although the Condo sales number remained the same, I think that most of us would take that over a decline in sales.  The Maui Real Estate market is still in a holding pattern with a glimmer of hope that we can come out at the end of the year with a good percentage change over last year's number.   


When we look at the average sales price for sales from January - October and we compare them year-over-year it is apparent that it continues to be a buyer's market for anyone looking to get a condo on Maui.  That was the case when I looked at these numbers back at the end of July and it continues to be the same status now.  This may be the time to get in on the condo market as the average sales price has dropped for condos.  The average sales price for residential was up only slightly.  Those who are looking to purchase a residential property should strongly consider making an offer  while the prices are holding and before they increase.  RAM points out that land lots sales can be slightly skewed due to the small sampling of numbers that are available. 

With a continued focus on interest rates it is clear that they are still at record lows.  Today's rates are slightly lower than yesterday.  Here are the latest Mortgage Rates that are listed on MortgageNewsDaily.com.



We also have loan officer Craig Haueisen from Prospect Mortgage who is available to answer any questions and give additional information.  As you’ve noticed he is a regular contributor to this newsletter and you can read his latest Economic Update located below.  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

FEATURED PROPERTY

I took a drive out to Nahiku yesterday to view the amazing property that is zoned commercial.  There is a cottage rented in the back all year long and the property has room to build another 1000 sf cottage!  There is also a fully permitted roadside retail store that provides income.  This is a "cash cow"!  Call me for specific details!




Did you miss yesterday's BIG ANNOUCMENT?  Click HERE to read the announcement!

Looking for more great articles, videos and advice?  Check out the Real Estate Sales Maui Team on FACEBOOK and TWITTER and BLOGGER.

Looking for the current Bank Owned Foreclosures on Maui?  Click HERE. 

Lender Corner by Craig Haueisen

Last Week in the News

The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending November 4 rose 10.3%. Refinancing applications increased 12.1%. Purchase volume rose 4.8%.
According to the Federal Reserve, consumer credit debt rose in September by $7.39 billion for a total credit level of $2.452 trillion. Revolving debt, which includes credit cards, fell by $627 million to $789.6 billion. Non-revolving debt, including loans for cars, rose by $8 billion to $1.662 trillion.
Wholesalers decreased their inventories 0.1% to $462 billion in September. This followed a revised 0.3% decline in August. Sales at the wholesale level rose 0.5% to $403.1 billion in September. On a year-over-year basis, sales were 15% higher since September 2010.
The trade deficit decreased to $43.1 billion in September from a revised $44.9 billion in August. Exports rose 1.4% to $180.4 billion. Imports increased 0.3% to $223.5 billion.
Import prices fell 0.6% in October, following a 0.3% increase in September. On a year-over-year basis, import prices are up 11%, led mostly by a sharp rise in fuel prices. Export prices fell 2.1% in October after advancing 0.4% in September. For the year, export prices are up 6.3%.
The Reuters/University of Michigan consumer sentiment index for November's preliminary reading rose to 64.2 from 60.9 in October. It was the third monthly gain in a row for the index.
Initial claims for unemployment benefits fell by 10,000 to 390,000 for the week ending November 5. That's the lowest level since April. Continuing claims for the week ending October 29 fell by 92,000 to 3.615 million.
Upcoming on the economic calendar are reports on retail sales on November 15 and housing starts on November 17.
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

Tuesday, November 15, 2011

Real Estate Sales Maui - Big Announcement


Aloha & Good Afternoon!

Real Estate Sales Maui has a big announcement this week!  We are now with Windermere Valley Island Properties!  

This locally owned company has a big presence in the community and their #1 philosophy is "give to your community and your community will support you in business"!  I love this philosophy and it fits in with my own personal views on doing business and supporting ones community.  Windermere has a Foundation and hosts fundraising events on Maui to support the local community.  

The company has three Maui office locations; Paia, Kahului and Wailea.  I will have the opportunity  to work out of all three locations and will hold a gorgeous private office in Paia; across from Flatbread Pizza. If you are in Paia please stop in and say hi!.

Paia Office - My gorgeous private office is located here!
98 Hana Highway, PO Box 791876
Paia, HI. 96779

Shops at Wailea - A beautiful South Maui location!
3750 Wailea Alanui Drive, #22EW
Wailea, HI. 96753

Kahului Office - Conveniently located in Central Maui!
151 East Wakea Avenue, #204
Kahului, HI. 96732

Thursday, November 10, 2011

Wednesday Morning Coffee on Maui - 11/09/11

Aloha & Good Morning! 
PRICE REDUCTION ANNOUNCEMENT!  Here is a huge opportunity for anyone looking to purchase an ocean front condo on Maui.  My listing for Ma'alaea Yacht Club was just reduced to $119,000! What a bargain for an ocean front condo on the beautiful island of Maui!  This 1bd/1ba condo is located in a completely secured building, you must have a code to enter the elevator.  Enjoy unbelievable ocean view and breezes in this gorgeous complex. Block building keeps you cool and noise low. Gorgeous ocean front swimming pool and BBQ area.  Best of all... the seller is motivated to sell and will consider all offers!

Price Reduced - $119,000 - View Listing - CLICK HERE

 

If this condo is just what you are looking for or if you are considering a condo as your next Real Estate purchase then you will be interested in the following article.  It is always good to know what you want out of a condo and if condo living is the best choice for you.  This featured condo is available for short-term rental and could be used as a vacation home on this beautiful island.

ARTICLE: Choosing a Condo

Looking for more great articles, videos and advice?  Check out the Real Estate Sales Maui Team on FACEBOOK, TWITTER and BLOGGER.

Looking for the current foreclosures on Maui?  Click HERE.

Lender Corner by Craig Haueisen                                                                                         
Last Week In The News
Retail sales rose 0.7% for the week ending October 29, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 3%.
The Institute for Supply Management reported that the monthly composite index of manufacturing activity fell to 50.8 in October after a reading of 51.6 in September. A reading above 50 signals expansion. It was the 27th straight month of expansion.
Total construction spending rose 0.2% to $787.2 billion in September, following an upwardly revised 1.6% increase in August. Economists had anticipated an increase of 0.3% in September.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending October 28 rose 0.2%. Refinancing applications decreased 0.2%. Purchase volume rose 1.8%.
Factory orders rose 0.3% in September to a seasonally adjusted $453.5 billion, following a revised 0.1% increase in August. Excluding the volatile transportation sector, orders rose 1.3% in September.
The Institute for Supply Management reported that the monthly composite index of non-manufacturing activity fell slightly to 52.9 in October from 53 in September. A reading above 50 signals expansion. It was the 23rd straight month of expansion in the services sector.
Initial claims for unemployment benefits fell by 9,000 to 397,000 for the week ending October 29. Continuing claims for the week ending October 22 fell by 15,000 to 3.68 million. The monthly unemployment rate fell to 9% in October from 9.1% in September. The Labor Department said the economy added 158,000 jobs in September and revised figures in August to a gain of 104,000 from 57,000.
Upcoming on the economic calendar are reports on wholesale trade on November 9 and international trade on November 10.
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
               

Wednesday, November 2, 2011

Wednesday Morning Coffee on Maui - 11/02/11

Aloha & Good Morning!

There are just two months left in 2011 and there is still time for those that want to sell and for those who want to buy.  Chances are that if you are motivated enough for either action then you can achieve a great New Year for 2012!

So what do Sellers need to know?  Well for starters, there are many motivated buyers out there that want to get settled for the new year.  Their motivation along with the continued historically low interest rates are allowing both first time buyers and investors to get into the market.

Read More - Tips for Selling Your Home Before the End of the Year

Likewise, what do Buyers need to know?  If you are looking to buy on Maui then you need to know that the last part of the year is a busy time for home buying on Maui.  There are many other motivated buyers that come to Maui for their year-end vacations and they are here to play and to buy.  Just as the majority of the country cools down you can feel the Maui Real Estate market heat-up.

Take the Buyer's Quiz and find out what profile fits best - Quiz: What Type of Buyer Am I?

Here's another quiz for you from a previous newsletter - Are you ready to buy? 

Looking for more great articles, videos and advice?  Check out the Real Estate Sales Maui Team on FACEBOOK, TWITTER and BLOGGER.

Looking for the current foreclosures on Maui?  Click HERE.

Lender Corner by Craig Haueisen                                                                                          
Last Week In The News
New home sales rose 5.7% in September to a seasonally adjusted annual rate of 313,000 units from a revised rate of 296,000 units in August. Compared to a year ago, new home sales were down 0.9%.
The Standard & Poor's/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — rose 0.2% in August after a 0.9% increase in July. On a year-over-year basis, prices fell 3.8% compared with August 2010.
The consumer confidence index fell to 39.8 in October from 46.4 in September. The index was benchmarked at 100 in 1985, a year chosen because it was neither a peak nor a trough in consumer confidence.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending October 21 rose 4.9%. Refinancing applications increased 4.4%. Purchase volume rose 6.4%.
Orders for durable goods — items expected to last three or more years — fell 0.8% in September after a 0.1% decrease in August. Excluding volatile transportation-related goods, orders posted a monthly increase of 1.7%.
The Commerce Department announced that gross domestic product — the total output of goods and services produced in the U.S. — increased at an annual rate of 2.5% in the third quarter of 2011.
Pending home sales, a forward-looking indicator based on signed contracts, fell 4.6% in September after a 1.2% decrease in August. On a year-over-year basis, pending sales are up 6.4%.
Initial claims for unemployment benefits fell by 2,000 to 402,000 for the week ending October 22. Continuing claims for the week ending October 15 fell by 96,000 to 3.645 million, the lowest level since September 2008.
Upcoming on the economic calendar are reports on construction spending on November 1 and factory orders on November 3.
Upcoming on the economic calendar are reports on the housing market index on October 18, housing starts on October 19 and existing home sales on October 20.
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