Has Maui hit the bottom yet , if there is such a thing ? They keep saying it is getting better ???

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July 18 2010 - Kihei
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Bottom come and gone. Check out current inventory state decreasing 40 percent and prices increasing 8 percent. For this downswing, the bottom has come and gone. Check out[website deleted by Zillow moderator. Please see our Good Neighbor Policy] for more detailed statistics by Maui area
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June 23 2012
No one can say for sure when the bottom has hit until you can clearly look back at it. Many people in the real estate community feel that 2011 will be similiar to 2010 with foreclosures and short sales playing a big factor. I believe in 2012 we will be in an upward trending market but only time will tell.
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July 31 2010
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"I really wish the lenders would come up with more programs for more people" -

Just lobby congress to open the borders, remove Visa & Citizenship quotas, and streamline Visas to less than 2 weeks, and Citizenship application/processing/acceptance to less than 1 year.

Then there will be plenty of "programs" for many many many "more people".
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July 19 2010
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Of course things are getting better!!!  Are you NARcissists all "pessimists" or something???

Prices are going DOWN!!!!   GREAT NEWS.   Lower prices mean more affordable, so people should keep waiting for lower and lower and lower prices!!!  And remember, even when the prices reach bottom due to correction for the bubble and correction for the removal of the government market prop ($8k give away that added $25k to the prices...), they will stay there for a long time, so, no "rush", everyone has substantial time to consider their desires and their budget and their needs!  Not "rush to buy"; no need to cave in to NARcissists propaganda market hype!  GREAT News!

And even better, lenders are not giving loans to people that never could afford them as easily now, so less people will walk away, making neighborhoods more stable.  And since there isn't a "bubble", you don't have as many flippers trying to cover the 10 to 16% "transaction costs", thus even more stable neighborhoods!  Even better news!

And since interest rates are now almost as low as they go; once the Federal Government pulls the props out from under the loan industry, interest rates can rise to where they should be, thus driving housing prices down even further!  Best news yet!

Maybe you can even buy that 3600 sqft McMansion for $75k outright (not just the downpayment).
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July 19 2010

Mike, Robert is a Realtor....

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July 18 2010
You'll never know if you're at the bottom of the market until the market goes up. Check with your local Realtor and ask them about the home affordability index. That might be a better indicator as to where local real estate values are.
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July 18 2010
Funny Georgina, I know who is they really! Smart Lady has her phone number in her name, love it!  I personally think we(Hawaii) is moving in the upward direction as far as values. I really wish the lenders would come up with more programs for more people but I don't see that happening. We are all going to have to get use to harder guidelines for underwriting and get our clients in tune to what is needed to qualify now days. Good Luck Robert I am here on Oahu if you ever need a good lender.
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July 18 2010
Who are they?  What's getting better?
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July 18 2010
 
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