Gary's Blog

Saturday, February 20, 2010

Maui home Sales up 48% from 2009!

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In other news, today's Maui News actually had a positive article in the Opinion section! Talking about bustling tourism in both Lahaina and Wailea area.

The Fed announced yesterday that the key Federal Funds rate is expected to continue to stay at a record low, especially in light of the 0.1% DROP in the CPI last month. That is the first time the core CPI rate has dropped since 1982. Fueled by housing and auto prices.

Also in today's paper was an article entitled "Mortgage Crisis May be Slowing", with the percentage of homeowners one month late on their mortgage dropping to 3.6% from 3.8% in the previous quarter. Hawaii still rates among the lowest percentage of homeowners with a missed payment, or in foreclosure, in the nation.

Another area I like to watch as an indicator of the tourism trend is the airlines. United Airlines just announced they are adding nonstop service from Chicago to Maui. In addition, a number of daily direct flights between Maui and Southern California will begin this spring.

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