Maui Good News
Maui Visitor Spending Hits Record!
Visitor arrivals to the Valley Isle in January showed that island tourism is nearly reaching pre-recession levels. Maui saw 188,730 visitors in January, up 8.7% from the same month last year. Since records began being kept in 1991, the most visitors to the Valley Isle in January came in 2006, with 193,565 air arrivals, only 2.5% more than we saw last month.
For 2011, Maui County took in 2.2 million visitors, a 4.1% increase over 2010. The County's visitor count record was in 2007, at 2.6 million.
Maui visitor expenditures in January of $365.5 million was an all-time high, and a 13.2% increase over the same month last year.
American Economy Healing
Bankruptcy Filings Down for 11th Month
The number of people filing for bankruptcy fell again in January, for the 11th straight month.
The average rate on the 30-year fixed mortgage fell to another record low last week, the ninth time that has happened in the last year. Mortgage buyer Freddie Mac said Thursday that the rate on a 30-year loan dropped to 3.87%. The average on the 15-year fixed mortgage fell to 3.14%, also a record low. Records for mortgage rates date back to the 1950's.