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Housing Price Decline Slowing

Is the housing price decline leveling off nation wide?
July 10, 2009

Housing Price Decline Slowing

Maui Homes and Condos for Sale

By Mark Harbison

Recent government reports are indicating that although housing prices are still in decline, that decline is slowing. According to the Federal Housing Finance Agency, U.S. home prices fell from 0.1 percent between March and April, nationwide. The month before, the decline was 1.4 percent. 

When we look at the decline from a year's span ending in April of this year, prices were down 6.8 percent. Compared with April of 2007, prices are down 11.2 percent.

These reports are from the FHFA, which included only sales with mortgages that have been sold or guaranteed by Fannie Mae and Freddie Mac.

FHFA director James Lockhart said that, “although monthly data are volatile, we may be starting to see signs of stabilization in prices for houses funded by conventional, conforming loans, as the Housing Price Index is down only 0.3 percent for the first four months of the year.”

Whether home price declines are turning around or just leveling off, its encouraging to see a market that is returning to some level of stability. Hopefully conditions will continue to improve.


Looking for Maui real estate? See our Maui real estate listings, or you can always use our online Maui real estate search tool. If you need any help with our website or your pursuit of great Maui real estate, please send an email to Mark mark@realestatemauihawaii.com or Lisa lisa@realestatemauihawaii.com. You can also call (866) 874-1942 toll free or Lisa's cell at (808) 283-7426. Thanks for reading and have a wonderful weekend!

*Source: Pacific Business Journals

Blogs for July 2009

Human Resources Class for Maui Students

Posted on July 31, 2009
Human Resources Class for Maui Students

By Mark Harbison

For those of you Maui residents considering a career in human resources, a class is approaching to help you learn entry-level skills for it. The class is being held by VITEC which specializes in continuing education, so they are packing in a lot… Continue Reading

AirMed Expanding Fleet in Hawaii

Posted on July 24, 2009
AirMed Expanding Fleet in Hawaii

By Mark Harbison

The latest interesting news coming down the pipeline for Maui is that AirMed Hawaii announced on Friday that it's going to increase its medical transport service fleet to five aircraft.

AirMed currently has three aircraft and plans to add a long-range jet and a fourth… Continue Reading

Shuttle and More Parking at Kahului Airport Maui

Posted on July 17, 2009
Shuttle and More Parking at Kahului Airport Maui

By Mark Harbison

If you're one of those Maui visitors or residents who have been frustrated in the past with limited parking at Kahului Airport (OGG), then your woes may be alleviated.

A new facility has been built to accommodate 200 cars indoors about five… Continue Reading

Housing Price Decline Slowing

Posted on July 10, 2009
Housing Price Decline Slowing

By Mark Harbison

Recent government reports are indicating that although housing prices are still in decline, that decline is slowing. According to the Federal Housing Finance Agency, U.S. home prices fell from 0.1 percent between March and April, nationwide. The month before, the decline was 1.4 percent. 

When we look… Continue Reading

Maui Class on Business Structure

Posted on July 03, 2009
Maui Class on Business Structure

By Mark Harbison

The upcoming Maui class on choosing a business structure will be held at the Maui County Business Resource Center in the Maui mall. This is the kind of information that people usually charge for, but seeing as it is being held by the MCBRC, the… Continue Reading

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Mark A Harbison
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Mark@RealEstateMauiHawaii.com

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