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!
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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/
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