BREWBAKER SPEAKS: Chief Economist - Bank of Hawaii

We attended a talk given today by Paul Brewbaker, Chief Economist for Bank of Hawaii. Here is a summary of the key points of his presentation and thei likely impact on Maui real estate:

• We are not nationally in a recession nor will we see one;
• The financial crisis has peaked and is slowly resolving itself;
• Hawaii, particularly the Big Island and Maui, has not seen airlines fill in the load capacity lost to ATA and Aloha and is unlikely to soon;
• As Orange County real estate goes, so goes Maui real estate with a six month lag;
• Residential construction has declined dramatically; and

• The Chinese are coming, the Chinese are coming!

For details, contact us!