Gary's Blog

Friday, January 1, 2010

Happy New Year to Maui Real Estate Owners!

I am spending Christmas and New Years Day in California, and am very encouraged by what I am hearing and seeing from my associates here in Orange County. As we all know, if we want to know what is to come in Maui's real estate economy, we can just look at what is happening in Orange County.

The buyers are finding it difficult to find a good deal here in Orange County. The "fixer-uppers" are getting multiple offers as soon as they come on the market. The buyers are feeling confident that the economic woes of '08-'09 are coming to an end.

Wall Street apparently feels the same way. 2009 ended the Dow Jones Industrial Average down only 1.1% for the year.

Also, Jobless benefit claims fell to the lowest level since 2008 last week, sparking hope that the job market could be on the mend.

Happy New Year, from your resident Maui Optimist!

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