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Wednesday, December 25, 2013
Wednesday, December 18, 2013
Wednesday Morning Coffee on Maui - 12/18/13
Aloha & Good Morning!
Today's forecast for Maui will be mostly sunny with a chance of isolated showers. The high will be 83!
To all my readers I want you to know how very appreciative I am of your support, your business and your friendship. The last couple weeks have been very busy with a very special wedding in the works. This weekend, my son Eric will marry his beautiful bride Tyana in a beach ceremony. This special occasion is going to be so wonderful with many of our family flying in to join them. In the midst of this event and Christmas I have proudly taken on a new listing!
FOR SALE IN KIHEI
36 Laumaewa Loop - This adorable single-level home in sought after Meadowlands neighborhood is centrally located in Kihei. Enjoy outdoor living with heated pool, covered patio and spacious decking. The large master bedroom, with its own bathroom and entrance offer privacy, while the open kitchen, living room and other bedrooms flow freely between the front, low maintenance yard and backyard complete with pool and waterfall. Easy walking distance to Piilani Village Shopping Center, Kihei-Wailea Medical Clinic, Longs Center, Azeka Shopping Centers, Kihei Post Office, Kihei Community Center, schools, park, banks, restaurants, shopping and of course Kihei beaches. Serious South Maui buyers know there are just a handful of available homes offered in this price range, so call your agent today. This listing is co-listed with Hawaiian Hideaways.
Contact me today for a showing and get into contract on this one before Christmas!
Don't forget to get your name in for this year's exciting iPad 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
In The News
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending December 6 rose 1%. Purchase volume rose 1%. Refinancing applications increased 2%.
Retail sales rose 0.7% to $432.3 billion in November. This follows a 0.6%
increase in October. Compared to a year ago, November retail sales have
increased 4.7%.
Wholesalers increased their inventories 1.4% to $514.1 billion in October.
Sales at the wholesale level rose 1% to $435.3 billion in October. On a
year-over-year basis, sales were 6.4% higher than October 2012. The seasonally
adjusted wholesale inventories/sales ratio in October 2013 was 1.18.
The producer price index, which tracks wholesale price inflation, fell 0.1%
in November, following a 0.2% decrease in October. On a year-over-year basis,
November wholesale prices were up 0.7%. Core prices — excluding food and fuel —
rose 0.1% in November.
According to the Federal Reserve, monthly consumer credit debt rose $18.2
billion in October for a total credit debt level of $3.075 trillion. Revolving
debt, which includes credit cards, increased $4.3 billion to $856.8 billion.
That was the biggest gain since May. Non-revolving debt, including loans for
cars, rose $13.9 billion to $2.219 trillion.
Factory orders fell $4.4 billion, or 0.9%, in October to a seasonally
adjusted $486.9 billion. This follows a 1.8% increase in September. Excluding
the volatile transportation sector, orders increased 0.004% in October.
Initial claims for unemployment benefits for the week ending December 7 rose
by 68,000 to 368,000. Continuing claims for the week ending November 30 rose by
40,000 to 2.791 million. The less volatile four-week average of claims for
unemployment benefits was 328,750.
Upcoming on the economic calendar are reports on housing starts on December
18 and existing home sales on December 19.
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/
Wednesday, December 11, 2013
Wednesday Morning Coffee on Maui - 12/11/13
Aloha & Good Morning!
Today's forecast for Maui will be sunny with
highs in the 80's.
November Sales Stats
The Realtors Association of Maui recently released the November Sales Statistics. I've made a comparison chart for the data below that looks at the same time period for both 2012 and 2013.
In the data tables below
you will find two sets of numbers for residential, condo and land sales. The first data table shows the total number
of units sold for the months from January through November for 2012 and
2013. The second grid of numbers shows
the median sales price for the same time frame.
For ten months of this
year we've seen positive gains in all three categories for both the number of
units sold and the median sales price.
With prices rising we have seen inventories rise as we see owners who are ready to list their properties. This is good for both buyers and sellers. For buyers it means there is more inventory on the market to look at. For sellers it means that a well-priced property will sell within a reasonable amount of time.
I am looking forward to
next month's report from RAM where we can see the entire year as a whole and we
can consider the market trends for 2014.
I see a very busy year for both buyers and sellers as this market
continues to grow and both sides are able to benefit from the prosperity.
Please contact me today
to find out if your property is ready to sell.
I have great tools at my fingertips to help you know what the comparable
sales have been in your neighborhood.
There are several new articles on the Real Estate Sales Maui website for both active buyers and motivated sellers. Please check them out below for more details. As always you can find more great articles on the RESM website in the Sellers News Section and the Buyers News Section. New articles are posted several times a week to keep you up-to-date and informed. We also post current real estate news on the RESM FB page and the RESM Twitter page. Please join us there and be a part of this great team!
ARTICLES
Expected Price Growth Strongest in West and South - This is a nice graphic from the National Realtors Association that shows the expected price increases for 2014. Hawaii is among the high end.
Why It Might Be Cheaper To Buy Now - Mortgage rates are nearing the 5 percent mark, prompting many home buyers to rush to take advantage of rates while they're still low.
Lenders Loosen Down Payment Requirements - Lenders' tight underwriting standards have been blamed for sidelining many potential home buyers the last few years. But lenders may be showing signs of loosening up a bit.
Glamping In Hawaii: Your Answer To The Stereotypical Resort Vacation - I loved these great ideas! The resorts are nice but the real Hawaii is in the land, in the jungles, along the beaches and up the mountains. Interested in more... give me a call. I know of some amazing places to camp.
Don't forget to get your name in for this
year's exciting iPad 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
New home sales rose 25.4% in October to a seasonally adjusted annual rate of 444,000 units. On a year-over-year basis, new home sales were 21.6% higher than October 2012. At the current sales pace, there is a 4.9-month supply of new homes on the market.
Total construction spending rose 0.8% to $908.4 billion in October. Compared
to October 2012, construction spending has risen 5.3% on a year-over-year
basis.
The Mortgage Bankers Association said its seasonally adjusted composite
index of mortgage applications for the week ending November 29 fell 12.8%.
Purchase volume fell 4%. Refinancing applications decreased 18%.
Manufacturing activity rose to 57.3 in November after a reading of 56.4 in
October. A reading above 50 signals expansion. It was the sixth consecutive
month of expansion and the strongest reading since April 2011.
The trade deficit decreased from $43 billion in September to $40.6 billion
in October. Exports rose $3.4 billion to $192.7 billion. Imports increased $1
billion to $233.3 billion.
Non-manufacturing activity fell to 53.9 in November from 55.4 in October. A
reading above 50 signals expansion. It was the 47th straight month of expansion
in the services sector.
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 3.6% in the third quarter of 2013. This follows a 2.5% pace of growth in the
second quarter of 2013.
Initial claims for unemployment benefits for the week ending November 30
fell by 23,000 to 298,000. Continuing claims for the week ending November 23
fell by 21,000 to 2.744 million, a new recovery low. The less volatile
four-week average of claims for unemployment benefits was 322,250. The
unemployment rate fell from 7.3% in October to 7% in November, the lowest it
has been since November 2008. Employers added 203,000 jobs in November.
Upcoming on the economic calendar are reports on wholesale trade on December
10 and retail sales on December 12.
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/
Wednesday, December 4, 2013
Wednesday Morning Coffee on Maui - 12/04/13
Aloha & Good Morning!
Today's forecast for Maui will be sunny with
a high near 84 degrees!
I hope you had a wonderful Thanksgiving! I have so much to be thankful for and was able to share my gratitude with my family and my friends. We all enjoyed so much good food that we cooked in our imu. An imu is a Hawaiian cooking pit that uses hot stones to cook the food. It was so great to have this as part of our fantastic upcountry feast on Maui. Here are some of my photos of all our fun.
As we begin the last month of 2013 I think it is
an excellent time to review the benefits of selling and buying during the
holidays.
For buyers it is best to get preapproved for a loan. This will give you the opportunity to focus on what you can afford. Having a preapproval will also show the seller that you are serious. Other holiday buying benefits for you are that sellers are eager to sell. If their property is on the market during the holidays then they are ready to sell it. By prioritizing your time between holiday obligations and property searching you really can find a new home and give yourself an excellent holiday gift!
Zillow has a great blog about the benefits of buying a home during the holidays.
Do you have a busy month of holiday shopping and partying? To help you shop smarter and anywhere you happen to be over the holidays you can download the Real Estate Sales Maui app on your mobile devices. The RESM app will allow you to search and save homes while waiting in line to buy your holiday gifts. Download the app here!
For sellers you have the unique opportunity of hosting buyers that are serious. These buyers are taking time out of their busy holiday schedules to come look at your home. You are also in a unique time where your holiday decorations an really spruce up your home. Take the time to make sure you have tasteful and well-maintained holiday decor and you can really brighten things up.
Check out these additional great benefit to selling during the holidays from HGTV.
MAUI BEST BUYS
Check out these South Maui best buys for sale. See something you like? Give me a call, text or email and we can set up an in-person showing! Not on Maui? No worries! I can go out to the property and create a personal video showing for you.
Southpoint
#31-201 - REDUCED PRICE! Great upstairs location at this
popular complex! This unit has tile throughout and a comfortable lanai to relax
after a day at work or the beach. Pets are allowed. Listing with Coldwell Banker Island Properties.
Maui Vista #1307 - Great location in building 1 facing the ocean. Third floor makes it high enough to capture some views, right across the street from the ocean, pool right below and tennis courts and bbq in the back. Unit is in original condition and being sold as is. Tenant is long term and requires 48 hours to show. Listing with Maui Tropical Realty.
Don't forget to get your name in for this
year's exciting iPad 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.
Lender Corner by Craig Haueisen
Last
Week In The News
Pending home sales, a
forward-looking indicator based on signed contracts, fell 0.6% in October. On a
year-over-year basis, pending home sales were 1.6% lower than October 2012.
The Mortgage Bankers Association
said its seasonally adjusted composite index of mortgage applications for the
week ending November 22 fell 0.3%. Purchase volume fell 0.2%. Refinancing
applications increased 0.1%.
The Standard &
Poor's/Case-Shiller 20-city housing price index — on a non-seasonally adjusted
basis — rose 0.7% in September after a 1.3% increase in August. On a
year-over-year basis, prices rose 13.3% when compared with September 2012.
The index of leading economic
indicators — designed to forecast economic activity in the next three to six
months — rose 0.2% in October, following a 0.9% increase in September.
Retail sales rose 2.6% for the week
ending November 23, according to the ICSC-Goldman Sachs index. On a
year-over-year basis, retailers saw sales increase 2.1%.
Orders for durable goods — items
expected to last three or more years — decreased $4.6 billion, or 2%, to $230.3
billion in October. This follows a 4.1% increase in September. Excluding
volatile transportation-related goods, October orders posted a monthly decrease
of 0.1%.
The Reuters/University of Michigan
consumer sentiment index for November's final reading rose to 75.1 from
October’s final reading of 73.2. The current conditions component fell from
89.9 to 88. The expectations component rose from 62.5 to 66.8.
Initial claims for unemployment
benefits for the week ending November 23 fell by 10,000 to 316,000. Continuing
claims for the week ending November 16 fell by 91,000 to 2.776 million, a new
recovery low. The less volatile four-week average of claims for unemployment
benefits was 331,750.
Upcoming on the economic calendar
are reports on construction spending on December 2 and new home sales on
December 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/
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