“Today the Fed cut the Fed fund by .75.  A .5 was already built into the market but the .25 should affect short term rates, not just long term.  Usually in the past, a fed cut would not affect rates for several weeks, however the fed has never been so aggressive either in the past with such a bold move as today.  ”

See the report below…
http://www.federalreserve.gov/newsevents/press/monetary/20080122b.htm

We recently received the latest real estate statistics from the Realtors Association of Maui
The following is a summary of the activity during all of 2007.
Residential Homes are showing gains (unit sales = 1,138 [+5%] and dollar volume $1,047,878,879 [+4%]) compared to 2006 Year-end.
Condos are off the 2006 mark on Unit Sales and Total Dollar Volume, however the Average and Median Prices have risen 4 and 6 percent respectively.
Land Sales still trail behind 2006 in all categories, Unit Sales, Avg. and Median Prices and Total Dollar Volume.
 IN A NUT SHELL…… It’s a good time to buy….. and hold
1. Despite some sad markets on the Mainland, folks still want to buy Maui.
2. Inventory of Condos, Homes and Land Lots has grown somewhat, and relatively low interest rates provide plenty of options for Buyers.
3. Buyers should get Pre-Approved so they can shop in confidence (no last minute disappointments due to non-funding loans).
4. Some “short-sales” are appearing on the marketplace.
5. Many Sellers resist the realities of the softened market and may be left behind as sales continue.
6. Realistic Sellers can beat competing properties with better property condition, careful pricing, good marketing, and flexible terms. **

**FOR DETAILED STATISTICS go to “Maui Info” at www.MauiRealEstate.NET

All website problems have been fixed and the WebCam is now working as well.

The router that the webcam was using died, which is why it was down for the past few days.

The website search function was down because the server that our domain was on died and our ISP moved us to a new Server that had different PHP configuration. To make a very long story short, it works now.

Please bear with us while we try to fix some problems that have cropped up, when our isp upgraded our server. The WebCam is also down and this may take a few more days to fix.

HAU’OLI MAKAHIKI HOU!

Wishing you a beautiful new year!

From the Hansen Ohana