The Concord Group real estate strategy firm predicts that with 18 months worth of housing inventory on the market, it will take until the first quarter of 2012 for demand for new homes to equal what it was in 2000.
Concord Group calculates that new home sales in 2010 were 70 percent below peak demand in 2005 and at the lowest point since 1963.
Concord says these regions have the strongest long-term growth potential:
· Orange County, Calif.
· San Jose, Calif.
· Seattle
· Washington, D.C.
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It's a buyers market here on Maui...take advantage of it while you can.
Maui just may be more affordable than you think.
Aloha,
Jeff
Jeff Graves, Realtor®(S)
(808.633.1292 (Cell)
JeffGraves@ClearWire.net
Coldwell Banker Island Properties
34 Wailea Gateway Place, A-207
Wailea, Maui, Hawaii 96753
Source: The Concord Group (10/12/2010)
Wailea and Kihei Maui Hawaii Realtor (S). My office is in Wailea. I sell real estate in South Maui (Kihei, Wailea), Lahaina (West) Maui, Hawaii. I've held a real estate license for over 20 years.
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