“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
Home Sean Crowley

Sean Crowley

Blog_tag

ANOTHER TOM AND SEAN MAUI ESCROW

11-10-08
Sean Crowley

We are pleased to announce that Kamaole Sands unit 4-408 has gone into escrow. This remodeled two bedroom unit features an ocean view and a large lanai. More evidence that even in the difficult Maui real estate market, the Leading Edge Marketing System works! Contact Us for More Information on the Leading Edge Marketing System.

View From Lanai

0 Comments
Blog_tag

PRICE REDUCTIONS IN KAI MALU

11-10-08
Sean Crowley

Kai Malu unit 38-B, currently rented and in excellent condition has reduced its asking price to $1,185,888. This three bedroom unit is new, offers three bedrooms and access to Kai Malu's wonderful amenities. 24-B, with downstairs mast and a wonderful ocean view has been reduced to $1.285,888. Both of these units nor represent great values.

1 Comment
Blog_tag

GEBERAL MAUI UPDATE

11-10-08
Sean Crowley

Activity on Maui continues to be very slow. The Maui real estate market is a function of tourism and tourism remains down dramatically from a year ago. List price reductions are no coming daily and it remains a buyers market. We are now seeing a little more foreclosure activity but it is still not driving values in this market. For details, contact us!

0 Comments
Blog_tag

JP MORGAN PLAN ON MORTGAGES

11-03-08
Sean Crowley

JP Morgan has announced that they will modify the terms on $70 billion of mortgages.

JP Morgan launched an ambitious plan Friday to modify the terms of $70 billion in mortgages for borrowers who are behind on their payments or soon could be. The move by the New York bank will cover as many as 400,000 borrowers. They'll be moved into loans carrying lower interest rates, smaller principal amounts or other more-affordable terms. The changes will particularly focus on a type of loan structured in such a way that the borrower's outstanding balance sometimes grows month after month. J.P. Morgan inherited $54 billion of such loans with its takeover of the beleaguered thrift Washington Mutual Inc. in September.

This is one of several plans in the works to assist homeowners nationally. While this may not affect Maui directly it clearly will help the national market.

1 Comment
Blog_tag

THE CONTINUING CREDIT CRISIS AND THE RECESSION

10-31-08
Sean Crowley

Over the past several days there have been several major events on which to report.

  • First on the general economy. If we weren't sure? We are now. The recession is here. If the economy shrank .3% in the quarter ended September? Then it isn't going to improve between now and December given the fallout from the financial trainwreck in October;
  • The Federal Reserve has cut the Fed Funds rate to 1% from 1.5%, citing declining consumer spending;
  • Wells Fargo has completed their sale of $25 billion in preferred stock to the US Treasury;
  • The credit markets continue to creep, and we mean creep, into improvement but no significant improvements as of yet;

For more details, contact us.

0 Comments