We all knew it was coming and now it is here. A Canadian condominium developer seeking to build two projects in the Kamaole area has filed a suit in Federal Court challenging Maui's "Workforce Residential Housing Policy."

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We are pleased to announce the listing of Kamaole Sands 6-108. Located in the prized inner courtyard, this unit is close to the pool, yet the abundant landscaping creates a private feeling. Offering one-bedroom, artistically tiled floors and newer appliances, this unit is ready to be lived in or used as a vacation rental. Offered at $519,000, this unit is a turn-key gem.

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We are pleased to announce the release of our latest research piece on Kamaole Sands. Our second annual Kamaole Sands Research Report provides detailed analysis on the past five years in Kamaole Sands and across the Kihei Condominium market. What property characteristics drive value? Is upgrading my unit worth it? Has the value relationships among the various building changed? The Leading Edge has done the work.

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We received a mixed-bag today. First the good news. GDP for the second quarter (ended June) was revised upwards to 4%, an outstanding number.

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Standard and Poor's Case-Shiller Index is a composite of single-family home sales results in the 20 largest US cities. They reported their second quarter numbers today and the news was not good.

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The National Association of Realtors has released their July existing homes sales data.

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The US Census Bureau released the national sales figures for new homes  for July today and the numbers were better than expected. Read More »

Bank of America has taken what is the equivalent of a 16% stake in Countrywide Financial, the nation's largest mortgage lender. The size of the investment is $2 billion.  

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  Home foreclosures in Hawai'i continued growing last month over a year ago, though the local foreclosure rate was sixth-lowest among states, according to a report from RealtyTrac. The Irvine, Calif.-based real-estate research firm said there were 85 Hawai'i foreclosure filings in July, up 60 percent from 53 in the same month last year

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