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.
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
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