Aloha & Good Morning!
Today Maui will be sunny with a high of 88
degrees!
On Friday I had the
great pleasure to attend the Realtors Association of Maui general membership
meeting in Wailuku. Our guest speaker
was Paul Brewbaker. He is a long time
Hawaii economist and formerly worked at the Bank of Hawaii. His expertise has been a staple resource for
the Maui (and Hawaiian) economy.
The most notable
comment that Paul Brewbaker had was that there are no longer any bargain priced
homes left on Maui. He presented lots of
data to back these statements up. I've
posted a picture below of one of his slideshows. It was a great meeting and it encourages us
that the market is back and that it is strong.
Please read an article from The Maui News that summarizes the
information that Brewbaker presented.
If you've been looking
to buy on Maui then I highly suggest you get pre-approved and start
shopping! Give me a call today to start the process!
There is another great
article that ran in the Lahaina News that says that the commercial real estate
market is also back. See the full
article below.
OPEN HOUSE
Kamaole
Sands #5-305 - This is the best of the best in Kihei! VIEW, VIEW, VIEW!!!
Ocean view from master bedroom, ocean view from living room and kitchen &
gorgeous Haleakala view from 2nd bedroom. Watch the sunrise over Haleakala in
the am & sunset from your ocean view lanai. Watch the whales jump &
Mamma & baby swim by without leaving your condo. Continuous sheltered ocean
breezes & sheltered afternoon sun from the position of the building &
placement of palms trees, makes the location of this unit superb! A/C is rarely
needed. This condo is a rare two bed/two bath in the inner circle & all on
one level. Completely remodeled in 2006. Cabinets are African mahogany with a
bamboo pattern carved into the doors. Granite countertops. Double sink in
master bath. This beautiful 15 acre complex is located directly across from
Kamaole Beach III. It boasts a large swimming pool, 3 hot tubs, 3 tennis courts
& 8 BBQ areas. Fresh water ponds & waterfalls add to the gorgeous
tropical landscaping. There is also an onsite activities desk, a gym with new
equipment & professional security. Each gate has video surveillance cameras
as well as throughout the complex. AND, to top it off...weekly Maui Tai parties
at the pool, offering professional singers, hula dancers & free drinks!!!
Unit being sold furnished. Has two parking spaces.
Unable to come?
Check out the full listing HERE!
WHEN: Sunday,
July 21st from 2:00 PM to 5:00 PM
Hosted by Michael Kerwin, R(s)
WHERE: Kamaole
Sands
2695 S Kihei Road, #5-305
Need help finding the
open house? Give me a call or text
808-298-7850
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
According to the Federal Reserve, monthly consumer credit debt rose $19.6
billion in May for a total credit debt level of $2.839 trillion. Revolving
debt, which includes credit cards, increased $6.6 billion to $856.5 billion.
Non-revolving debt, including loans for cars, rose $13 billion to $1.982
trillion.The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending July 5 fell 4%. Purchase volume fell 3%. Refinancing applications decreased 4%.
Wholesalers decreased their inventories 0.5% to $500.9 billion in May. Sales at the wholesale level rose 1.6% to $424.6 billion in May. On a year-over-year basis, sales were 4.1% higher than May 2012. The seasonally adjusted wholesale inventories/sales ratio in May was 1.18.
Retail sales rose 3% for the week ending July 6, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 2.9%.
Import prices fell 0.2% in June, following a 0.7% decrease in May. On a year-over-year basis, import prices were up 0.2% in June. Export prices fell 0.1% in June, following a 0.5% decrease in May. Compared to a year ago, export prices were up 0.8% in June.
The producer price index, which tracks wholesale price inflation, rose 0.8% in June, following a 0.5% increase in May. On a year-over-year basis, wholesale prices were up 2.5% in June. Core prices — excluding food and fuel — rose 0.2% in June.
Initial claims for unemployment benefits for the week ending July 6 rose by 16,000 to 360,000. Continuing claims for the week ending June 29 rose by 24,000 to 2.977 million. The less volatile four-week average of claims for unemployment benefits was 351,750.
Upcoming on the economic calendar are reports on retail sales on July 15, the housing market index on July 16 and housing starts on July 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.comClick here to visit Craig's website and apply online: http://myprospectmortgage.com/CHaueisen
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