The Federal Reserve just announced they will buy up to $300B in Treasury Bonds (see attached).  As a result, we feel interest rates will move lower and recommend the following:
1)      YOUR TIME TO BUY PROPERTY IS NOW!  Phenominal property values  are there for your easy picking.
2)      Whether you are buying or refinancing, it is really important to Get in “Ready Position” by choosing a lender and preparing any documents they deem necessary to be in “ready position” at the moment rates are lower
3)      “Watch the Market” for the best interest rates and then “Lock” when rates actually drop which sometimes can be for a very short period of time.  Be sure the lender of your choice is prepared too and has your interest for the best interest rate as their priority.
If you would like a lender list of agents recommended to us by our clients, we would be happy to email you one. 
 

                              www.MauiRealEstate.NET
                              dad@MauiRealEstate.net

                              808-879-3667

Happy St. Patty’s Day to you.  May the luck of the Irish be with you today and always!!!!! 

Aloha
Bob, Donna,Rorie, and Clint

The Hansen Ohana

We thought you would like to know:

WEBSITE CENTRALIIZED PERMIT AND DEVELOPMENT APPLICATIONS ADDED

The County of Maui announced today the recent addition of an online, centralized listing of permit and development applications to assist the public in accessing these services. A total of 63 permit applications are now available online, with most permits having a brief description of the purpose, application procedure, approving agencies, processing time, duration of approval, fees, related forms, resources and contact information. The web link to the new section is www.mauicounty.gov/permitinfo; the section is also cross-referenced by links under the tabs “For Residents,” “For Business,” “What’s New,” and corresponding department and Boards and Commissions webpages. 

The new online permit repository contains information on the various County applications and permits available including construction applications and permits; development applications, permits, reviews and variances; hazardous materials and firecracker permits; wastewater discharge and hauler permits. The online service also allows the public to check the status of a permit, and to search for the database of current permits by type, number, permit/project name, applicant name, status, location, County department and a number of other variables.

We thought you would appreciate reading some excerpts from an internet report we just received.  If we just had a crystal ball, how great it would be.  As it has been said

        “It takes courage to buy at the bottom of the market!”

Our thanks to Craig Goebbel for this interesting point of view.  See below:

 The Craig Report  (excerpts)
….There are two things of which we can be more than fairly certain:
·         The First Time Homebuyer Tax Credit is $8,000, if you hold for three years there is no payback and you can now use it with state agency down payment assistance.  This is good news.
·         In (Washington State) King, Pierce and Snohomish Counties the new Super Conforming loan limit is increased from $506,000 to $567,500.
….How stimulating will all of this money be for our economy and real estate in particular?  Well, we need to wait a (little while) to find out.
….We all know how the price distortion of homes was created.  All of us, and I do mean all of us took part in the unprecedented run-up in home values fueled by the idiot money of pay option arms, stated income and zero down.
Now, all of us are feeling the pain of the ugly reality of correction.  No market is immune and no sector of the economy has been spared.  The questions are how much more and how much longer? …..
…..  Median income has always driven the median price of housing and residential rental rates.  The affordability index combines median income with prevailing interest rates and median home prices.  I contend the bottom is just around the corner because real median income (not stated median income!) has not dropped nearly as drastically as home prices.  Second, the affordability index is quite favorable for homebuyers because of the price adjustments already in place and very low interest rates.  I believe we are at or very near the bottom, particularly in the Pacific Northwest and most other parts of the country as well….

www.CraigGoebbel.com