Maui County still tops in hotel rates and revenue
Written by Dakota GrossmanClick Here For Original ArticleMaui County hotels in September again lead the state in revenue per available room and average daily rates, according to the recent hotel performance report by the Hawai’i Tourism Authority. Revenue per available room in Maui County ...
US home sales, listings both plunged over 20% in September — the biggest drop since the start of the pandemic. But houses are still getting pricier. Here's how
Written by Lauren BirdClick here to view original articleThe housing market slowdown continued in a big way in September, according to the latest data from real estate brokerage Redfin. Both the sales of houses and the number of listings dropped in the month, signaling that buyers and sellers ...
Buckle in for a brutal free-fall in home prices and US housing is in a massive bubble, experts say. Here's how bad Jeremy Siegel, Paul Krugman and 5 others think it could get.
Written by Zahra TayebClick Here for Original ArticleThe US housing market is cratering, as the Fed's rapid interest rate hikes send mortgage costs soaring.Home sales have fallen for 8 months, and prices are dropping. But economists say worse is to come.Here's what Jeremy Siegel, Paul Krugman ...
Why the housing market should brace for double-digit mortgage rates in 2023
Written by: Joy WiltermuthClick here for original articleEven if Federal Reserve Chairman Jerome Powell and his cohorts stopped hiking policy rates soon, the 30-year fixed mortgage rate still would climb to 10%, according to Christopher Whalen, chairman of Whalen Global Advisors.That’s because ...
Housing: Luxury home sales plunge as mortgage rates rise
Written by: Ronda LeeClick Here for Original Article Affluent homebuyers aren’t immune from this year’s rough housing market.Sales of luxury homes plummeted 28.1% year over year in the summer months, according to a Redfin report, the steepest decline since at ...
Blackstone is prepping a record $50 billion vehicle to scoop up cheap homes during the downturn — here's how to lock in higher yields than the big money
Written by Vishesh RaisinghaniClick here to view original articleResidential real estate is arguably the most valuable and accessible segment of real estate asset class. Its popularity has driven a disproportionate amount of capital into residential real estate — particularly from ...
Here’s why the housing downturn is nothing like the last one
Written by: Diana OlickClick here to view original articleAs quickly as mortgage rates are rising, the once red-hot housing market is cooling off. Home prices are still historically high, but there is concern now that they will ease up as well.All of this has people asking: Is today’s housing ...
5 ways the housing market left buyers in the dust — and it’s not over yet
Written by Aarthi SwaminathanClick here to view original articleA look at the frenzy that went on in the housing market, as chronicled in a new report by the Harvard Joint Center for Housing StudiesHome ownership has become increasingly unaffordable, with interest rates rising. Payments on a ...
Wai’olu Estates is the newest community in Kehalani
Speaking of Maui inventory, we wanted to make sure you know about Wai`olu Estates! This new development is one of the last opportunities to build a custom home in the master-planned community of Kehalani, just south of Wailuku.All 60 of the Wai`olu Estates single-family home lots (ranging from ...
Cooling housing market prompts layoffs at Redfin
Click here to view original articleSEATTLE (AP) — Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off.The Seattle Times reports CEO Glenn Kelman announced the layoffs Tuesday, telling employees, “With May demand 17% below ...