March 9th, 2009
EXTRAORDINARY VALUE! From Pu'u Oali in Makena to Maalaea the views from the main livings areas provide the peace and tranquility only available in Maui Meadows. The three bedroom main house boasts privacy, volume ceilings, an extensive screened in lanai and a perfect location for a pool with an incredible view. The kitchen has been remodeled ans has granite countertops. The floorplan is open and flowing and perfect for Hawaiian style living. The cottage has separate parking for privacy. The downstairs suite is currently used as a rental property.
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March 3rd, 2009
The National Association of Realtors released the monthly pending sales numbers. The news is mixed:
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March 3rd, 2009
There are some recent indications that the national real estate market may be nearing a bottom. The top chart shows 20 years of the Price to Household income. This is one of those calculations where the higher the number the less affordable housing is. With the ratio at the moment now nearing historical norms this indicates the bottom of the real estate market may be close. The second chart shows how existing home inventory is retreating off all-time highs, also good news.
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