Aloha & Good Morning!
The current Maui temperature today will be a high near 80 degrees with a slight chance of a shower.
As we say goodbye to 2012 and hello to 2013 it is with great pleasure that I am still your go-to Maui real estate resource. Thank you for allowing me another year to serve your real estate needs and bring you up-to-date information to help you make a well-informed decision.
Last week I posted a great article on the Real Estate Sales Maui website. If you missed this article I have it linked below. The article lists several fantastic resolutions for both buyers and sellers as we move into 2013. Please take a moment to consider if you are already tending to these resolutions or if you need to add them to your list for 2013.
Resolutions for Buyers
Monitor Your Credit - monitor, repair and prepare for any purchases this year (or in the future)
Rent To Own - if you are unable to buy now, then position yourself for a future buy with a rent to own agreement
Hire Early - beat the spring rush by hiring your agent today to prepare for your next purchase
Resolutions for Sellers
Purge - get rid of all the stuff you don't want buyers to see and you don't want to move with youBe a Strong Competitor - price your home right and spruce it up to sell it fast
Refinance - take advantage of the record low interest rates that are still available
Hire Early - beat the spring rush by hiring your agent today to prepare for your upcoming sale
ARTICLE: Real Estate Resolutions for 2013
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!
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Lender Corner by Craig Haueisen
Last Week In The News
Retail sales rose 0.7% for the week ending December 22, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 3.2%.
The Standard & Poor's/Case-Shiller 20-city housing price index — on a non-seasonally adjusted basis — fell 0.1% in October, following a revised 0.2% increase in September. On a year-over-year basis, prices rose 4.3% compared with October 2011.
New home sales rose 4.4% in November to a seasonally adjusted annual rate of 377,000 units from a revised rate of 361,000 units in October. On a year-over-year basis, new home sales were up 15.3% compared with November 2011. At the current sales pace, there's a 4.7-month supply of new homes on the market.
The consumer confidence index fell to 65.1 in December from a revised 71.5 in November. The index was benchmarked at 100 in 1985, a year chosen because it was neither a peak nor a trough in consumer confidence. The expectations component of the index fell 15 points in December, reflecting concerns over the pending fiscal cliff.
Pending home sales, a forward-looking indicator based on signed contracts, rose 1.7% in November. On a year-over-year basis, pending home sales were up 9.8% compared with November 2011.
Initial claims for unemployment benefits for the week ending December 22 fell by 12,000 to 350,000. Continuing claims for the week ending December 15 fell by 32,000 to 3.206 million. The less volatile four-week average of claims for unemployment benefits was 356,750, the lowest reading since March 2008.
Upcoming on the economic calendar are reports on construction spending on January 2 and factory orders on January 4.
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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