Another dismal housing report. The Census Bureau reported October new home sales to be as follows:

Read More »

WOW!

U.S. mortgage rates fell more than three-quarters of a percentage point today after the Federal Reserve said it will buy as much as $600 billion of debt.  The average U.S. rate for a 30-year fixed mortgage ended the day at about 5.5 percent after falling to as low as 5.25 percent, according to Bankrate Inc.

Read More »

6681 Makena Road sits across the street from Big Beach. This brand new estate includes a 4200 square foot, 4 bedroom main house, a 700 square foot cottage and a storage building all on nearly an acre of land. The gated entry provides for security and privacy and the exceptional materials, eucalyptus floors, granite counters, Sub Zero quality appliances and on and on all create a wonderful Maui experience. Now priced at $4.79 million, this estate represents a fantastic value. Please contact us for a private showing.

Activity on Maui continues to be very slow. The Maui real estate market is a function of tourism and tourism remains down dramatically from a year ago. List price reductions are no coming daily and it remains a buyers market. We are now seeing a little more foreclosure activity but it is still not driving values in this market. For details, contact us!

Kai Malu unit 38-B, currently rented and in excellent condition has reduced its asking price to $1,185,888. This three bedroom unit is new, offers three bedrooms and access to Kai Malu's wonderful amenities. 24-B, with  downstairs mast and a wonderful ocean view has been reduced to $1.285,888. Both of these units nor represent great values.

Read More »

JP Morgan has announced that they will modify the terms on $70 billion of mortgages.

Read More »