FED CUT AND STRONG ECONOMY
October 31st, 2007Today the Board of Governors of the Federal Reserve lowered its target for the Fed Funds rate 25 basis points to 4.5%. Here is a snippet:
LATEST CASE-SHILLER
October 30th, 2007Standard and Poors has released their Case Shiller index report today. Here are some key points
THE IMPACT OF SUBPRIME
October 28th, 2007The Joint Economic Committees Majority Staff (Democrats) has released their report on the potential impact of the subprime lending crisis. Here is their data and estimates on Hawaii:
MORGAN STANLEY SPEAKS!
October 27th, 2007As you all know, the economists at Morgan Stanley are some of our favorites and we closely follow their daily notes. Here is the latest from today's release:
FIRST HAWAIIAN BANK ON MAUI ECONOMY
October 27th, 2007First Hawaiian Bank has released their annual analysis for the Maui economy going forward and here are the key findings:
ANOTHER TOM AND SEAN LISTING
October 27th, 2007627 LUANA PLACE rests serenely on a cul-de sac at the end of one of the quietest and most private of Maui Meadows' streets. Behind the gated entry emerges a private tropical garden of 2/3 of an acre with fruit trees, sitting garden and a large saline pool and spa all combining to create as peaceful an environment as one can imagine. A wonderful, two-bedroom, Hawaiian-style home offers the relaxed lifestyle for which Maui Meadows is famous. At just over 1400 square feet of living area, this one story design includes volume ceilings, multiple entries to the outdoors, extensive built-in koa cabinetry, private, tiled bathrooms, a five year old tiled roof, solar heating system and a convenient and updated kitchen. The extensive lanais take full advantage of the soothing breezes while looking out over the vast Pacific Ocean. The lovely one-bedroom cottage also boasts a lanai with an ocean view and offers the possibilities for either convenient entertaining of guests or income. Offerred at $1.299 million.
ANOTHER TOM AND SEAN LISTING
October 27th, 2007Grand Champions unit 175 is a lovely two-bedroom with a remodeled kitchen and wonderful ocean view from the lanai. The unit is luxuriously furnished and has an excellent rental history. Destination Resorts rates the unit an A. Offered at $898,000, this unit is an unusual value.
TERRIBLE NATIONAL HOME SALES REPORT
October 24th, 2007The NAR today released the existing home sales for September:
THE WEEK AT KAMAOLE SANDS
October 21st, 2007This week at Kamaole Sands Unit 5-308, a remodelled one bedroom closed for $524,000, unit 10-214 a large two-bedroom, sold for $765,000 and 9-405, a three-bedroom unit, sold for $665,000. Unit 9-104, a one-bedroom unit , listed for $450,000 has gone into escrow after 54 days on the market. There were no new listings in Kamaole Sands.
THE SEASON HAS BEGUN
October 18th, 2007This week the activity level across the market has rapidly increased. More listings are coming to market, and the number of showings being requested has surged dramatically. Two clients of ours have received offers this week from prospective buyers.
