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Good National Outlook for Housing Market

Encouraging numbers from the NAR.
November 20, 2009

Good National Outlook for Housing Market

Maui Condos for Sale in Kihei

By Mark Harbison

While some degree of optimism is necessary for the Realtor who is determined to be successful, it sure is reassuring when the National Association of Realtors (NAR) shares the same outlook.

The recent news reports say the the home buyer tax credit has improved the general outlook for the housing market, and many economists now predict that we are beginning to see the start of a sustainable recovery. The NAR released a statement to that effect last Friday, in fact.

The NAR's chief economist, Lawrence Yun said projections are enhanced by the tax credit expansion to more home buyers through the middle of 2010 when it is set to expire. He feels that the credit has worked better than initial projections, in fact, which is really great to hear. The numbers suggest that we'll have between 2.3 and 2.4 million first-time home buyers this year.

Consumer studies indicate that first-time home buyers accounted for a 47 percent share of home sales over the past year, up from 41 percent in 2008. In 2006, this share was only 36 percent.

Existing home sales should come out to about 5.01 million this year, which is a 2 percent gain over last. Projections estimate that number to rise to 5.69 next year, depending on unemployment and other economic instabilities. Only time will tell how close projections are to reality in the future.


To find the perfect Maui property for you, feel free to use our online real estate search tool. Also, we recommend you take a look at our featured Maui properties and  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!

Blogs for November 2009

Lower Hotel Room Rates on Maui Benefit Visitors

Posted on November 27, 2009
Lower Hotel Room Rates on Maui Benefit Visitors

By Mark Harbison

Hotel room rates on Maui dropped 16 percent as of November 14th to an average of $188 per night. Of course, mid-November is one of the slowest times of the year for the Hawaii visitor industry, which tourists should keep in… Continue Reading

Good National Outlook for Housing Market

Posted on November 20, 2009
Good National Outlook for Housing Market

By Mark Harbison

While some degree of optimism is necessary for the Realtor who is determined to be successful, it sure is reassuring when the National Association of Realtors (NAR) shares the same outlook.

The recent news reports say the the home buyer tax credit has improved… Continue Reading

Maui Real Estate Sales Statistics

Posted on November 13, 2009
Maui Real Estate Sales Statistics

By Mark Harbison

The numbers are in for Maui real estate sales, and we'll get to them in a minute, but first, the good news from congress. The first-time home-buyer tax credit has been extended to April 30th, 2010.

For those of you who aren't familiar, the Federal… Continue Reading

Hawaii Smart Grid to Get $5.3M

Posted on November 06, 2009
Hawaii Smart Grid to Get $5.3M

By Mark Harbison

A couple of weeks ago, we blogged about the development of Smart Grid technology which keeps track of and reduces energy consumption in homes. Smart Grid monitors peak energy consumption times and powers off appliances and other items powered by electricity during those… Continue Reading

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Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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