Wailea Fairway Villas Real Estate

THE BEST PLACE IN AMERICA FOR SECOND HOMES

admin — Tue, 09 Mar 2010 02:52:43 +0000

1. Maui Consistently rated the "Best Island in the World" by travel experts, this Hawaiian beauty underwent a growth spurt during the past decade that some critics bemoaned as excessive. But the southern coast, anchored by the hamlet of Wailea, has weathered it all well. One of the first master-planned resort communities in the nation, it's a balanced blend of understated gated communities, luxury resort hotels, three excellent golf courses, a tennis center and, of course, several crescent sandy beaches. Wailea has 500 single-family homes, and their views are stunning: lush, verdant hills, brilliantly blue ocean and, after the steamy sun showers, rainbows over the horizon.

Hear! Hear!

SOLID JANUARY VISITOR COUNTS

admin — Mon, 08 Mar 2010 05:36:20 +0000

After a dismal 2009 in which total visitors coming to Maui declined by 1.4% January saw a rebound. Over 159,000 people came to Maui in January, an increase of 2.4% over January 2009. Visitors from the western US increased 5.5% and for the first time in quite a while Japanese count was also up, though Japanese represented only 3% of all visitors. The Canadian impact continues to be large, up almost 14%.

Increasing tourism on Maui can only be good news for the Maui real estate market.

ACT FAST!

admin — Mon, 08 Mar 2010 05:05:31 +0000

The Federal Home Buyer Tax Credits are still available as long as binding sales contracts are signed by April 30, 2010.

For first time home buyers that tax credit is $8000 and for repeat home buyers that credit is $6500.

MORTGAGE RATES

admin — Fri, 05 Mar 2010 02:19:45 +0000

Our friends at Calculatedriskblog.com created this chart which shows how mortgage rates are faring and how they have not yet responded to rising Treasury rates.The question of course is will they when the Feds stop buying mortgages in a few weeks.

What does this tell us? Could be a pretty good time to lock in rates.

WARREN BUFFET SPEAKS

admin — Sun, 28 Feb 2010 20:33:19 +0000

One of the highlights of the year in the financial world is invariably Warren Buffet's letter to the Shareholders of Berkshire Hathaway. It is always thoughtful, open, candid and enlightening. The recently released 2009 letter is no different. Specifically the letter talks about Clayton Homes and the housing industry generally. Here is an excerpt:

�

The industry is in shambles for two reasons, the first of which must be lived with if the U.S. economy is to recover. This reason concerns U.S. housing starts (including apartment units). In 2009, starts were 554,000, by far the lowest number in the 50 years for which we have data. Paradoxically, this is

good news. People thought it was good news a few years back when housing starts � the supply side of the picture � were running about two million annually. But household formations � the demand side � only amounted to about 1.2 million. After a few years of such imbalances, the country unsurprisingly ended up with far too many houses. There were three ways to cure this overhang: (1) blow up a lot of houses, a tactic similar to the destruction of autos that occurred with the �cash-for-clunkers� program; (2) speed up household formations by, say, encouraging teenagers to cohabitate, a program not likely to suffer from a lack of volunteers or; (3) reduce new housing starts to a number far below the rate of household formations. Our country has wisely selected the third option, which means that within a year or so residential housing problems should largely be behind us, the exceptions being only high-value houses and those in certain localities where overbuilding was particularly egregious. Prices will remain far below �bubble� levels, of course, but for every seller (or lender) hurt by this there will be a buyer who benefits. Indeed, many families that couldn�t afford to buy an appropriate home a few years ago now find it well within their means because the bubble burst.

For those interest in Maui Real Estate the bold is obviously the most interesting part of the text.

JUST ANOTHER MAUI DAY

admin — Sun, 28 Feb 2010 18:38:14 +0000

Even our bad weather is spectacular!

A BIG NOTHING

admin — Sun, 28 Feb 2010 17:30:06 +0000

After all the concern about Maui being in the path of a tsunami generated by the Chilean earthquake it turned out to be a non-event, just like in 1994.

CASE SHILLER RESULTS

admin — Tue, 23 Feb 2010 20:53:11 +0000

Standard and Poor's released their December results for the Case Shiller Housing Price Index. Here is the basic snapshot

Data through December 2009, released today by Standard & Poor�s for its S&P/Case-Shiller

1 Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index fell in the fourth quarter of 2009 but has improved in its annual rate of return, as compared to what was reported in the third quarter.

That is year over year. What that then implies is we are seeing month over month improvements. Indeed prices rose in December in Dallas, Denver, San Diego and San Francisco.�

REASON 217 EVERYONE SHOULD LIVE ON MAUI

admin — Thu, 18 Feb 2010 04:25:45 +0000

The gentle giants are here, active and, as always, playing their special role in making Maui a place only the luckiest get to call home.

SOUTHERN CALIFORNIA SALES RESULTS

admin — Thu, 18 Feb 2010 04:25:44 +0000

The Los Angeles Times reported the following:

Home sale prices in Southern California showed fresh strength in January, bouncing 8.6% from the same month one year earlier — a period when the market was inundated with steeply discounted bank-owned properties.

This is undoubtedly good news, but it isn't all the news.

But compared with a particularly strong December, the median fell 6.1% to $271,500 in January, ending eight consecutive months of price appreciation

This is largely a function of the change in "mix" with the lower priced Inland Empire being even more active in January. This report must be viewed as good news with apples to apples prices increasing while unemployment remains high.

For more details, contact us!