Aloha & Good Morning!
The current Maui temperature today will be a high of 81 degree with clouds and a possible shower.
As the year draws down to an end I am happy to remind you that the Maui Real Property Tax Exemption Filing Deadline is also approaching. The article below has great information to help you with this filing deadline. Let me know if you need the form and I'll be happy to get it to you. You only have a few weeks left to file!
ARTICLE: Maui Real Property Tax Exemption Filing Deadline Nears
The Realtors Association of Maui released the November Sales Statistics and the number of units sold was up in all three categories of sales, Residential, Condo and Vacant Land.
This second set of numbers shows the median sales price for the same three key areas. All categories were up when comparing the same block of months from 2012 and 2011.
What does it all mean? If you are looking to sell property and you are able to price it to sell then you may find your property will go fast with multiple offers from buyers. One must be motivated to sell and realistic about the price they ask for their property. You can call or email me today and we can set up a meeting to look over the comparable sales in your neighborhood.
If you are a buyer and you are not already pre-approved for a mortgage then now is your time to get started. Sellers want to have qualified buyers and you will want to show your ability to buy with that pre-approval. Moreover, you do not want to miss out on the low mortgage rates that are being offered. It is only a matter of time before there is a change in the current rates. And if you are a first time home-buyer then you will want to take advantage of low rates, first time buyer incentives and a market that is on the cusp of changing.
New listings have been added to the Windermere Valley Isle Properties YouTube Channel. If you want to keep up-to-date with the newest listings you can follow them by clicking HERE!
Don't forget to get your name in for this year's exciting i-Pad giveaway!
Looking for more great articles, videos and advice? Check out the Real Estate Sales Maui Team on FACEBOOK, TWITTER, BLOGGER and PINTEREST
Lender Corner by Craig Haueisen
Last Week In The News
Manufacturing activity fell to 49.5 in November after a reading of 51.7 in October. A reading below 50 signals contraction. This was the first contraction in manufacturing following two consecutive months of expansion.
Total construction spending rose 1.4% to $872.1 billion in October, following a revised 0.5% increase in September. Compared to October 2011, construction spending has risen 9.6%.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending November 30 rose 4.5%. Purchase volume rose 0.1%. Refinancing applications increased 6.1%.
The Labor Department reported that in the third quarter, productivity rose at an annual rate of 2.9% and labor costs decreased at an annual rate of 1.9%.
Factory orders rose 0.8% in October to a seasonally adjusted $477.6 billion, following a 4.5% increase in September. Excluding the volatile transportation sector, orders increased 1.3% in October.
Non-manufacturing activity rose slightly to 54.7 in November from 54.2 in October. A reading above 50 signals expansion. It was the 35th straight month of expansion in the services sector.
The Reuters/University of Michigan consumer sentiment index for December's preliminary reading fell to 74.5 from 82.7 in November. The decline was attributed to growing concerns about higher taxes.
Initial claims for unemployment benefits for the week ending December 1 fell by 25,000 to 370,000. Continuing claims for the week ending November 24 fell by 100,000 to 3.205 million. The unemployment rate fell to 7.7% in November from 7.9% in October. Employers added 146,000 jobs in November.
Upcoming on the economic calendar are reports on wholesale trade on December 11 and retail sales on December 13.
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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