GOOD ECONOMIC NEWS
June 13th, 2007Today several very good things were reported. From the Wall Street Journal :
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Today several very good things were reported. From the Wall Street Journal :
Each year Harvard University's Joint Center for Housing Studies releases their research on The State of the Nation's Housing. The 2007 report is now available. If that is too much, you can try the Executive Summary. Here are some of the key findings.:
The press continues to tout the "housing bust." Now the Wall Street Journal has joined in. In a front page story the Journal notes:
Dr. Stephen Leatherman, better know as Dr. beach has come out with his 2007 list of America's Best Beaches. It is important to note that past winners are excluded from winning again, so Maui's Fleming Beach (2006), Ka'anapali Beach (2003), Wailea Beach (1999) and Kapalua Bay Beach (1991) weren't eligible. But come on Doc! We have been to eight of the beaches on this year's list and Homoa Beach, which ranked number 6, is better than all those. So are Big Beach, Polo Beach, Keawakapu and Red Sand Beaches in addition to all the past Maui winners.
We are pleased to announce the listing of 6980 Makena Road. This four bedroom, 2900 square foot home offers two distinct living areas and is reminiscent of of the Hawaii of yesteryear. The property has an unusual degree of privacy behind a private gate and blue rock wall. From the sandy beach below one looks across to Molikini, Kaho'olawe and out to Lanai for year 'round sunsets. The turtles, whales and dolphins are out in abundance. The soothing surf and salty ocean smell compliment the magnificent beach frontage. Listed for $7.25 million, this is the least expensive piece of oceanfront property in the Wailea/Makena area and needs a buyer seeking to make a property their own.
Here are the major findings:
Gross is the Chief Investment Officer at PIMCO and a recognized bond guru. Here are some of his recent thoughts:
We are pleased to announce the listing of 6980 Makena Road. This four bedroom, 2900 square foot home offers two distinct living areas and is reminiscent of of the Hawaii of yesteryear. The property has an unusual degree of privacy behind a private gate and blue rock wall. From the sandy beach below one looks across to Molikini, Kaho'olawe and out to Lanai for year 'round sunsets. The turtles, whales and dolphins are out in abundance. The soothing surf and salty ocean smell compliment the magnificent beach frontage. Listed for $7.25 million, this is the least expensive piece of oceanfront property in the Wailea/Makena area and needs a buyer seeking to make a property their own.
The National Association of Realtors has come out with a downward revision to their 2007 predictions: