Wednesday, January 15, 2014

Wednesday Morning Coffee on Maui - 1/15/14

Aloha & Good Morning!

Today's forecast for Maui will be mostly sunny with highs around 82 degrees!  

This is a new  year of great potential and possibilities and I am starting it out with a new brokerage.  My team and I at Real Estate Sales Maui will be working out of the Maui International Real Estate Services Inc. office.  This news is so new that we are still working on getting the office info replaced with the new information.  In the meantime you can always reach me on my mobile number at 808-298-7850.  Our new office is located in Paia and Claudia Garcia is the Principal Broker and owner.  I am so excited because this new venture will allow me to expand my services to include property management.

If you are looking for ways to achieve great potential and purchase or sell your Maui real estate this year then now is the time to talk to me.  With the new year starting I've already begun new business with both buyers and sellers and owners who are looking for property management help.  I'd love to talk to you about your Maui real estate goals. Give me a call or email today to discuss more. 
 
 
UPCOMING KIHEI LISTING
Kalama Terrace P102 - Ground floor 1bd/1ba unit, pet friendly condo, across from World Famous Charlie Young Beach- between Charlie Young and Cove Park Surfing Beach, to be exact! This is a fabulous opportunity to buy a South Kihei condo, near the really nice beaches, and make it your own. Maintenance fee covers gas and electric (stove is gas) so no electric bill, either. This gound floor unit is perfect for pet owners that have a dog. Half a block down S. Kihei Rd. is Kalama Park that offers tennis courts, basketball, baseball and soccer fields; skate park, roller rink and lots of picnic areas. Close proximity to grocery store, restaurants, dive shops and lots of shopping at Kalama Village.
 
This could be the deal of a lifetime! Call today to put your offer in before this hits the MLS market!
  
 
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.

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, 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.
Factory orders rose $8.8 billion, or 1.8%, in November to a seasonally adjusted $497.9 billion. This follows a 0.5% decrease in October. Excluding the volatile transportation sector, orders increased 0.6% in November.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending January 3 rose 2.6% from December 27. Purchase volume fell 1%. Refinancing applications increased 5%.
Non-manufacturing activity fell to 53 in November from 53.9 in October. A reading above 50 signals expansion. It was the 48th straight month of expansion in the services sector.
The trade deficit decreased from $39.3 billion in October to $34.3 billion in November. Exports rose $1.7 billion to $194.9 billion. Imports decreased $3.4 billion to $229.1 billion. It was the lowest monthly deficit since October 2009.
Retail sales fell 5.4% for the week ending January 4, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 1.7%.
Wholesalers increased their inventories 0.5% to $516.4 billion in November. Sales at the wholesale level rose 1% to $440.1 billion in November. On a year-over-year basis, sales were 5.5% higher than November 2012. The seasonally adjusted wholesale inventories/sales ratio in November 2013 was 1.17.
Initial claims for unemployment benefits for the week ending January 4 fell by 15,000 to 330,000. Continuing claims for the week ending December 28 rose by 50,000 to 2.865 million. The less volatile four-week average of claims for unemployment benefits was 349,000.
The unemployment rate fell from 7% in November to 6.7% in December, the lowest it has been since October 2008. Employers added 74,000 jobs in December.
Upcoming on the economic calendar are reports on retail sales on January 14, the housing market index on January 16 and housing starts on January 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.com
Click here to visit Craig's website and apply online: http://myprospectmortgage.com/CHaueisen 

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