May 1st, 2012
The State of Hawaii has instituted a new Purchase Contract as of today. The new contract has much to recommend it. It has helpfully grouped similar areas together. The new contract has also clarified some areas where the old contract wasn't clear enough as to consequences of missed timing or where responsibility lay. The new contract is far more consumer friendly.Â
How will it affect Maui real estate? Contact us!
April 29th, 2012
In today's New York Times there is an article retelling some Realtors' most bizarre closing stories. Thankfully Maui real estate has more civilized closings…most of the time anyway.Â
April 29th, 2012
One of our favorite bloggers Calculatedriskblog.com has posted the attached graph. It shows how real home prices have moved over the past three and a half decades. The most interesting element is that that now the trend lines for expected pricing based on historical norms are now intercepting actual prices. This is a quantitative reason for believing we are finally approaching a national bottoming.Â
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April 27th, 2012
Photographer Bruce Faber took this beauty.
April 27th, 2012
In today's Los Angeles Times we get the following
"What are important are sales and inventory, and those are pointing in the right direction," said Christopher Thornberg, a principal at Beacon Economics who was one of the early callers of the housing crash. "I would say that by the end of the year, they should translate into better prices."
Thornberg added, "The recovery is here."
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April 25th, 2012
Moody’s Analytics Mark Zandi, one of the most prominent real estate economists is calling the bottom of the housing market:
“The crash is over”, Mark Zandi, chief economist for Moody’s Analytics Inc. in West Chester,Pennsylvania, said in a telephone interview yesterday. “Home sales — both new and existing — and housing starts are now off the bottom.”
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April 25th, 2012
It's about what was expected, but the Case Shiller report today was not great news for Maui real estate, or perhaps it is!
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April 22nd, 2012
In today's Washington Post?there is the following nugget
A year ago, according to researchers at the National Association of Realtors, one out of 10 members surveyed in a monthly poll complained about low-ball offers on houses listed for sale. In the latest survey ? conducted in March among 4,500 agents and brokers across the country but not yet released ? there were hardly any. Instead, the focus of volunteered comments has shifted to declining inventory levels ? fewer houses available to sell ? and multiple offers on well-priced listings.A low-ball offer typically involves a contract submitted to a seller where the price proposed by the purchaser is 25 percent or more below list.
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