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Maui, for the first time since 2005 has seen back-to-back months of increasing tourism!. February visitors to Maui increased 7% over February 2009! The Western US numbers were up just under 7% and Canadian numbers were up 25%!
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%.
The Federal Home Buyer Tax Credits are still available as long as binding sales contracts are signed by April 30, 2010.
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.
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:
Even our bad weather is spectacular!
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.
Standard and Poor's released their December results for the Case Shiller Housing Price Index. Here is the basic snapshot
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.
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2010 Wailea Ekolu Real Estate Report Now Available!
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