Today's forecast for Maui will have a sunny morning and chance of showers through the day. Lots of chances for rainbows. The high will be 81!
Myself and my team at Real Estate Sales Maui have been ready to start 2014 with arms wide-open and we hope you are too! The past year was very exciting for us both professionally and personally and we expect nothing less in 2014.
As we start off this new year I thought it would be important for you to know some of the changes in the mortgage industry that will impact home-buying this year. Some changes started as soon as 2014 did, while others will work themselves out through the year.
ARTICLE: New Loan Requirements For Getting A Mortgage Here are just a few changes that became effective in January 2014. Some of these requirements are already in place by lenders.
ARTICLE: History of Mortgage Rates Rates are expected to rise above 5% in 2014.
3 Things You Can't Afford a 'Wait & See' Attitude About in 2014 Avoid unpleasant surprises with three key strategies in 2014.
CURRENT KIHEI LISTING
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 before this weekend!
Don't forget to get your name in for this year's exciting iPad giveaway!
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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, rose
0.2% in November. On a year-over-year basis, November pending home
sales were down 1.6%.
Total
construction spending rose 1% to $934.4 billion in November. Compared
to November 2012, construction spending has risen 5.9% on a
year-over-year basis.
The
Standard & Poor's/Case-Shiller 20-city housing price index — on a
non-seasonally adjusted basis — rose 0.2% in October after a 0.7%
increase in September. On a year-over-year basis, prices rose 13.6% when
compared with October 2012.
Retail
sales rose 1% for the week ending December 28, according to the
ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales
increase 3%.
The
consumer confidence index rose to 78.1 in December from a revised 72 in
November. The current conditions index increased to 76.2 from 73.5, the
highest level since April 2008. The index was benchmarked at 100 in
1985, a year chosen because it was neither a peak nor a trough in
consumer confidence.
Manufacturing
activity fell to 57 in December after a reading of 57.3 in November. A
reading above 50 signals expansion. It was the seventh consecutive month
of expansion. The new orders component rose to 64.2, the best rate of
monthly growth since April 2010.
Initial
claims for unemployment benefits for the week ending December 28 fell
by 2,000 to 339,000. Continuing claims for the week ending December 21
fell by 98,000 to 2.858 million. The less volatile four-week average of
claims for unemployment benefits was 357,250.
Upcoming
on the economic calendar are reports on factory orders on January 6,
international trade on January 7 and wholesale trade on January 10.
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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