The April 2015 U.S. Economic & Housing Market Outlook from Freddie Mac revealed that they are optimistic about the real estate market in 2015. As a matter of fact, the sub-title of the report was “Great Expectations”. What made Freddie Mac so optimistic? Here are a few highlights from the report:
Home sales on Maui were up in March despite a significant rise in the median home price to $627,500, according to new information released by the Realtors Association of Maui. According to the report, there were a total of 84 homes sold on Maui last month, up from the 60 sold in March of 2015, and…
Every seller wants to get the best price for their house. We learned in high school that the best price for any item will be determined by the demand for that item relative to the supply of that item.There is historical evidence that the demand for housing is about to increase dramatically. Each year, more…
Vacation Home Sales were up 57.4% in 2014 1.13 Million Vacation Homes Sold 2014 marked the highest level of sales in the U.S. since 2003
On Aug. 1, 2015, the new TRID (TILA-RESPA Integrated Disclosure) forms replace the HUD-1 Settlement and Good Faith Estimate. The Consumer Financial Protection Bureau’s mission is to rebuild the mortgage banking landscape so that the industry will avoid the type of conditions that led to the Great Recession. The CFPB replaces the Department of Housing…
Three major drives of home prices seem to support current and rising home price levels. All real estate is local; in fact, in some areas of the country home prices appear to be increasing at a rate that may be too high. Put differently, everyone needs to live some place, and right now housing markets…
West Maui’s Kapalua definitely provides an unrivaled luxury lifestyle, easily experienced when spending a day enjoying the area–or if you are lucky enough to call Kapalua your home. The offerings in this locale are impossible to duplicate, because it is one of the most exclusive areas in the entire Hawaiian archipelago. Recognized as one of the most…
Maui County plans to replace its streetlights with more efficient LED lighting, following other counties in Hawaii, including Honolulu and Kauai.Maui Mayor Alan Arakawa, a speaker at this week’s Maui Energy Conference, said that at some point, the island will be heading in that direction. He also noted during his speech that the county, which…
West Maui’s Kapalua definitely provides an unrivaled luxury lifestyle, easily experienced when spending a day enjoying the area–or if you are lucky enough to call Kapalua your home. The offerings in this locale are impossible to duplicate, because it is one of the most exclusive areas in the entire Hawaiian archipelago. Recognized as one of the most…
Sold On Maui Real Estate Blog 