Maui Real Estate

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Maui’s Montage Residences bring top dollar to Kapalua


sales top $42.5M

The Montage Residences Kapalua Bay on Maui saw sales of more than $42.5 million in four months during the first phase, with only a limited number of homes, at prices starting at $3.4 million, still for sale.

Currently, there are three four-bedroom residences remaining, said Lisa Hatem, director of sales for the project.

The 24-acre, all-suite Montage Kapalua Bay, which is Montage Hotels & Resorts’ first property in Hawaii, was formerly branded the Ritz-Carlton Club and Residences at Kapalua Bay.

Would you like to make an offer ?

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Does low interest rates mean it’s time to buy ?

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Is it too soon to get excited about the much-improved economy ?  Are we all still a little gun shy to make that big investment ?

Fannie Mae survey finds share who would buy if they moved today at all-time low

The most detailed survey of consumer attitudes about housing finds that while Americans are more optimistic about the economy, many are still wary of making a big financial commitment like a home purchase.

The share of consumers participating in Fannie Mae’s December 2014 National Housing Survey who say they would buy if they were going to move fell to 61 percent, an all-time survey low.  Despite the fact that 52 percent of those polled think it would be easy to get a home mortgage — equaling an all-time survey high — and the share of consumers who believe the economy is headed in the right direction ticked up 5 percentage points, to 41 percent.

Click here to see the results of the survey

Are you ready ?  Call me and let’s see what we can find for you.  Need to sell your existing home first ?  I can help !

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Why are mortgage rates falling ?


OK, make sense of this: The U.S. economy in a strengthening recovery, the Fed is in hold-me-back mode, jobs-jobs-jobs everywhere … and long-term interest rates, including mortgages, have dropped as they would in a depression.

Right. Begin by stripping away three sources of confusion.

First the confetti cloud from Wall Street “analysts.”

Second, hold at a distance all commentary relying on a traditional business cycle, like all the ones after World War II.

Third, nobody knows with any precision what happens next, not in a situation without modern precedent.

Housing is MIA, flat. Traditional measures of affordability are off-chart high-side. Mortgages never got above 4.5 percent and are now under 4 percent again. Foreclosures new and old are way down. Absolutely inescapable: Something(s) is missing from purchasing power. Credit is too tight, but more important …Read More