Realtor Marketing
Realtor Marketing
Maui real estate is the object of desire the world over. Long a favorite for the Japanese to visit and then own, Maui homes are a favorite asset in luxury home buyers the world over.
There is plenty to do in Maui such as shopping in Lahaina, a ride along the Road to Hana and much more. From surfing sunning and windsurfing, Maui is great for the sportsman. Oh, and lets not forget golf and new home developments like Hokulani Golf Villas, offer lie on the green.
Has real estate bottomed?
Is it time to start house hunting? Cyril Moulle-Bertaux opined that April 2008 marked the bottom of the U.S. housing market.
And in his R.O.I. column WSJ’s Brett Arends makes a similar argument. He looks at the data on housing starts since 1972, which shows that new housing starts slumped below the one million mark in March. Every time that has happened in the last 50 years, Mr. Arends writes, it proved to be the bottom of a recession.
“It’s bottom-fishing time, I think,” says Wellesley College Prof. Karl E. Case in the column. Mr. Arends says that he is one of the leading experts on the housing market in the country. “There’s got to be bargains in Florida, Arizona and Nevada.”
What does the worlds richest person say about the economy on Wall Street? Warren Buffett told Bloomberg:
``The worst of the crisis in Wall Street is over,'' Buffett said today on Bloomberg Television. ``In terms of people with individual mortgages, there's a lot of pain left to come.'' Buffett was interviewed before the Omaha, Nebraska-based company's annual meeting, attended by about 31,000 people.
He said the bail out of Bear Stearns helped save others from crashing, and that indeed he tried to make a play for the failing firm but wasn't liquid enough."It averted a very chaotic situation".
"This economy is going to come on," Bush said Friday. "I'm confident it will."
Hmmm. Presidential Spin or true?
..the stock market is up — almost 11 percent in the last few weeks. Junk bonds, those risky corporate IOUs, are rallying. The value of financial shares, bank loans, tricky credit derivatives — up, up, up. Many on Wall Street, the epicenter of the credit mess, seems to think that the worst is over. For the first time in months, analysts and executives sound upbeat again. Many of them see a broad, sustained recovery in both the economy and the financial markets coming in second half of this year, a prediction some market strategists call hopeful at best.
From the AP-The Dow Jones industrials cross 13,000 as dollar soars and optimism rises about economy...jobless rate falls.
From Realty Times-Resales were actually UP in large parts of the country -- sales in the Northeast states, for example, jumped by 2.3 percent, and in the Western states they were up by 2.2 percent...Condominiums, which saw a 3.6 percent jump in sales. That was on top of a 3.7 percent increase the month before. Home prices.
From The Office of Federal Housing Enterprise Oversight- reported a six tenths of a percent GAIN in average home values.
By Robert Sheridan
The surprise these days isn’t the steady drumbeats of doom and gloom emanating from the financial and housing markets. The surprise is that many people who should know better are still being surprised. Whether it’s mounting foreclosure numbers, bleak home sales reports or another sub-prime victim in the banking industry, the media, analysts and lenders gasp in astonishment every time we break a new rung on the way to the bottom of the financial ladder. This ought to stop.
The economy grew 0.6 percent last quarter. Technically meaning we are not in recession. Like the engine that could, this economy is not giving up without a fight, despite raising food and gas prices. Not to mention housing and credit.
"The economy is weak but not collapsing," said Lynn Reaser, chief economist at Bank of America's Investment Strategies Group. "A recession can't be ruled out, although the stars are not lined up at this point to definitively say one way or the other."
NY City approved a new Internet tax for reatailers that could have sweeping ramification across the Internet. The justification was for brick and mortar businesses who argued that many people will shop "live" and then go online and buy it cheaper without tax.
Taxes tend to spread virally. Until now a taboo subject, most municiplaities were afraid to be the first to break with the "free" internet. However, with a dragging exonomy the net will no doubt be in the scope of many States and Cities.
How Americans Are Searching For Election 2008 Information
Rob Garner mentioned in his newsletter that MediaPost released a study on: "How America Searches: Election 2008 Update".
I mention politics here because it will be interesting to see the disconnect of what happens online, than what actually happens in the General election. Often I think online behavior is akin to us thinking about something, while our behavior acted out is different.
Continue reading "The Net Beats Newspapers for Election Information" »
Can you afford a half a million property tax bill? To some that is the price of luxury. The oceanfront estate built by billionaire businessman and philanthropist Sidney Kimmel has sold for $81.5 million, a record in Palm Beach Florida.
The $81.5 million sale of the mansion at 1236 S. Ocean Blvd. in Palm Beach is proof positive that the high end luxury market moves without regard for the rest of the real estate market.
"The house was in impeccable condition, with the finest details," said real estate agent Koch, adding that three other buyers were interested in the property.
The mansion/ estate boasts 5 lushly landscaped acres and 300 feet of ocean frontage. The 32,000-square-foot home was designed by Thierry Despont, who also created Bill Gates' mansion. The living room includes 26-foot ceilings and 20-foot-high glass panels that disappear into the floor at the push of a button.
When a market won't jump to attention from Government bailouts, let good ole supply and demand force it into submission. From today's LA Times:
The city of Los Angeles must build nearly 113,000 new housing units by 2014 to meet the needs of a growing population without worsening the shortage of affordable homes, according to a new city study.
Some 25% of the homes need to be affordable for poor and lower-wage workers, yet new development in LA is primarily for wealthier buyers and renters, according to the study.
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