Aloha & Good Morning!
Today Maui will be sunny and windy with highs
of 87 degrees!
BIG
ANNOUNCEMENT
Last month I was so excited to announce that the new Real Estate Sales Maui
Mobile App was available. We started off
with being able to offer the app on the Android marketplace in May and today
you can now download it for Apple products too! The app allows you to search for properties on Maui and neighboring islands. You will be able to quickly review property pricing, location and detailed listing information. In the RESM app you can scroll through photos of homes, condos, time-shares, businesses and vacant land for sale and you can use an interactive map to find your property. You can also save your favorite properties and have one touch access to recent property searches you've made. Check out all that this app has to offer and download it today for FREE!!!
NEW
LISTING - KIHEI VILLAGE CONDO
Great remodeled 2bd/1.5ba unit, waiting for you! This residential
condo is located in North Kihei, across the street from the Ocean! The unit was
completely remodeled between 2010-2011. New flooring throughout with a wood
laminate in living areas and tile in entryway, kitchen and bathrooms. Stainless
steel appliances. New paint. Privacy screen door. And...the list goes on! Sun
shade on lanai for early morning sun. Solar vents on roof, keeping the unit
cool all day long. Refrigerator has a 5 year warranty on the water filter.
There is a n oversized room a/c in the living room. All appliances purchased
within the last 3 years. 1 deeded parking stall; #549; right under the lanai!
Some of the furnishings can be negotiable.
MORTGAGE
NEWS
Mortgage news is ever changing however I wanted to share with you an article
that appeared on Reuters today. Click on
the title below to read the full article.Mortgage Applications Rise Even as Rates Climb Higher:MBA - (Reuters) - Another surge in interest rates last week pushed prospective homebuyers to act as demand for applications for mortgages rose for the first time in a month, data from an industry group showed on Wednesday.
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 Looking for the current Bank Owned Foreclosures on Maui? Click HERE.
Last
Week In The News
Total construction spending rose 0.4% to $860.8 billion in April, following
a 0.8% decrease in March. Compared to April 2012, construction spending has
risen 4.3%.Manufacturing activity fell to 49 in May after a reading of 50.7 in April. A reading below 50 signals contraction. This was the first contraction after five consecutive months of expansion.
Motor vehicle sales rose 2.7% in May to an annualized sales rate of 15.3 million cars and light trucks. Auto sales have steadily recovered since bottoming out in 2009 when Americans purchased 10 million cars.
The trade deficit increased from $37.1 billion in March to $40.3 billion in April. Exports rose $2.2 billion to $187.4 billion. Imports increased $5.4 billion to $227.7 billion.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending May 31 fell 11.5%. Purchase volume fell 2%. Refinancing applications decreased 15%.
Factory orders rose $4.9 billion, or 1%, in April to a seasonally adjusted $474 billion. This follows a 4.7% decrease in March. Excluding the volatile transportation sector, orders decreased 0.1% in April.
Non-manufacturing activity rose to 53.7 in May from 53.1 in April. A reading above 50 signals expansion. It was the 41st straight month of expansion in the services sector.
Initial claims for unemployment benefits for the week ending June 1 fell by 11,000 to 346,000. Continuing claims for the week ending May 25 fell by 52,000 to 2.952 million. The less volatile four-week average of claims for unemployment benefits was 352,500. The unemployment rate increased from 7.5% in April to 7.6% in May. Employers added 178,000 jobs in May.
Upcoming on the economic calendar are reports on wholesale trade on June 11 and retail sales on June 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.comClick here to visit Craig's website and apply online: http://myprospectmortgage.com/CHaueisen
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