JUMBO LENDING ON THE REBOUND

June 28th, 2009

The distress in the jumbo mortgage world has clearly had a negative impact on Maui real estate. In Wailea in the first six months only 1/3 of all sales were financed with conventional mortgages. That is only half that of 2008. But help may be on the way.

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NATIONAL INVENTORY STABILIZING

June 28th, 2009

As the attached chart shows, national for sale inventory has stabilized over the past several months. This is good news for property owners and may be signalling a bottom to prospective buyers. How does this affect Maui real estate? Directly not much. But changing mainland mindsets is the first step to increasing demand on Maui.
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SALES ACTIVITY INCREASING EVERYWHERE

June 28th, 2009

And that includes Maui. We would expect that sales activity increases are necessary to see price stabalization. So this is good news for Maui real estate.

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