National Association of Realtors Chief Economist, Lawrence Yun

NUMBERS SHOW SALES ARE UP & HEADED IN THE RIGHT DIRECTION

Pending home sales in July reached their highest mark in two years, and closed sales also continued on an upward path. As a result, inventories are tightening; in June there were 3.8 million properties for sale nationally, compared with 4.5 million at the same time last year.

More broadly, there are other indications the economy is heading up. Durable goods orders have risen for three straight months because business inventories have been depleted. The stock market has also made a nice comeback, and exports have been rising faster than imports.

Thanks to these promising signs, we forecast higher home sales and stabilizing prices in the year ahead…

Click here to view the full article in Realtor Magazine October 2009

Here on Maui we have seen a huge increase in inventory sold over the past few months.

The low end of the market is being purchased quickly and prices are correcting themselves upward.

In the high end market, large estates, luxury vacation rental opportunities, and luxury homes have also seen a lot of movement, and infact selling at significantly lower than list prices.

To view Maui Listings visit: www.LuxuryGreenRealEstateMaui.com