July 2009 Kauai
Real
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Aloha Everybody:
 
Here's a little dog story...Being a big dog lover I have two dogs of my own.  My partner Phil has a dog, and we periodically babysit Phil's daughter's dog while she travels.  So at any one time, we might have 4 dogs flying around my house and we wouldn't have it any other way.  If you're a dog lover you know what I mean.  If you're not, get a dog and you will be.  
 
My two dogs are a long-haired Chihuahua named Bruiser, and a Bichon Frise named Max.  Phil's dog is a Boxer named Indie and our step-dog who stays with us sometimes is a Japanese Chin named Mochi.  One thing I've always liked about dogs is that usually dogs are straight shooters and pretty predictable.  They are relatively simple loveable creatures that you can always depend on to love you and be loyal to you.  That is until I got Max, my Bichon Frise.   As a rule, Bichons are simply adorable and Max is no exception.  He is a little white fluffy dog with big dark eyes and a little black nose.  He's incredibly cute and is usually very sweet.  But don't be fooled by the cute thing.  Max plays head games.  He's a master at it.
 
A few weeks ago I went on a little vacation down to the south side of the Island for Fourth of July for some much needed R&R.  When I got back a few days later my Chihuahua (who does not play headgames and is always loyal and loveable) was waiting at the door so happy to see me, all excited, jumping up and down barking like I had been gone for weeks.  Where was Max but upstairs hiding under my bed, sulking because I had left him home alone for two long days with the a neighbor he doesn't really care for.  He was not happy about my little selfish adventure and he was going to let me know about it.. Later that night he wouldn't eat what I fed him.  Even when I put the little goodies in it to bribe him.  He just stared at it and looked at me with those sad eyes as if to say "You're kidding, right?  I'm not eating this.. YOU ABANDONED ME!" and then he turned around and ran for my bedroom and hid again under the bed.  When I took the dogs for a walk the next morning, Max started out the door fine.  Then suddenly he planted all four legs and become frozen like a little white frozen popsicle and wouldn't budge off the front porch.  Finally, after begging and prodding, I gave up and turned around and took him back inside, defeated once again   When I tried to hold Max and pet him, he stiffened up like a board, wouldn't look at me, jumped off my lap and went to lay down under the bed again.  
 
This went on for 4 long days. I was so worried about him that I started to obsess about it.  I said to Phil, "Something is wrong with Max, I just know it.  I'm taking him to the vet this minute.  This has gone on too long.  Poor baby. He's probably in pain and can't tell me.  Maybe he's got early doggy Alzheimers and has forgotten who I am!"  Phil would say, "AnnMarie, nothing is wrong with Max.  He's messing with your head.  That's just Max being Max".  Sure enough, early one morning  he jumping up into my lap as I was having tea, reading the paper.  He nuzzled my hand, licked it, and looked up at me with those cute little floppy ears and sweet little face, like nothing ever happened.  For a minute I started to wonder if maybe I imagined the whole thing.  Psych!
 
So now you all know my dark secret: I'm not a good dog trainer.  It's true, I'm an awful disciplinarian.  My dogs rule the roost.   No, I don't watch The Dog Whisperer even though everyone I know who has dogs has told me to.  I don't know how to act like the Alpha dog which is what they always tell you to do when your dog is misbehaving.  I've never bared my teeth at my dog when he acted naughty, grabbed him by the neck and wrestled him to the ground like a good dog owner would.  But my defense to being a lousy dog trainer is this: That's why I never had kids!  By being a bad dog owner instead of a bad mother, I probably saved the world from having 3 or 4 awful ill-mannered children that probably would grow up to torture me and the general population unmercifully and eventually end up in San Quinten or some other appropriate place for grown up bad kids.  So please don't judge me too harshly.  I may be contributing to the spoiled dog population, but not the juvenile delinquent population.  And I think that's better, don't you?
 
Let's turn to Kauai Real Estate and get up updated on what happened to the market last month.  Sales Volume took a nice big jump from $22M in May to $34M in June.  Much of that was on the Northshore with Julia's new house being purchased for $10M.. yes, that's Ms. Robertson's new 8 acre oceanfront digs right next to Ke'e Beach (or so the rumor says).  If you take out that big purchase we are still up from the month prior.  Condo volume stayed fairly steady from last month, vacant land went down just slightly.
 
On units sold we went from 37 in May, to 42 in June.. a nice little bump.  Houses sold on the north shore more than doubled from last month (4 vs 9), condos stayed steady, and land stayed very slow, at 0 lots selling last month and only 1 selling this month.  South shore homes stayed steady from last month with 4 houses sold.  Condos were down on the south shore from 3 last month to 1 this month.
 
Median Home Sales Price took another big dive after several months of big consistent gains, going from $600K last month to just $440K this month, showing us that even though activity is picking up, pricing is still trying to stabilize and hasn't started climbing back up yet.  Houses on the north shore jumped up a bit to $608K vs $534K, but condo pricing declined from $837K to $575K.  Southshore homes jumped a bit from $550K to $684, but east side and Lihue home priced declined.
 
So to sum up it looks like the market is starting to see positive gains in many areas, but we are not out of the woods yet.  Time to go walk the dogs now.. hopefully Max had a pleasant day and he'll go easy on me.  Until next time, Your Island Realtor, AnnMarie
 
 
 
When a decision is made to make an offer to purchase a home, be sure to go back and take a second look. It is so much easier changing your mind about a home before a contract offer is made than after a contract offer is accepted and signed by the seller. This second appointment would be a perfect time to bring along others who may have an impact on a buying decision, such as parents, friend, contractor, etc.
 Go through the home a second time and look beyond the owner’s décor, whether it was the home just previewed,
 
Mortgage Rates
U.S. averages as of June 25, 2009:

30 yr. fixed:   5.42%
15 yr. fixed:   4.87%
1 yr. adj:        4.93%

the first one seen earlier in the day or the one previewed last week. Why? There are many reasons, but most importantly is seeing if the second look creates the
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     A campaign to extend and expand the housing tax credit officially got underway on Capitol Hill last month.
 Bills have now been introduced in both the Senate and the House to open up the credit, to all buyers, keep it on the books through next year, and get rid of the current income limitations.
 On the House side, two Texas congressional representatives - one a Democrat, the other a Republican - have filed bills calling for a broadening of the first-time buyer credit to cover all home purchasers in the coming year, whether they already own houses or not.
 Democratic Congresswoman Eddie Bernice Johnson of Dallas wants to extend the November 30 expiration date for the credit through the end of 2010. Her bill would also remove the income limits of the current program, which start phasing down the amount of the credit at $75,000 for singles and $150,000 for married couples.
     It's becoming the buzz word in housing -- "green" homes are what many buyers are interested in these days. According to the National Association of Home Builders (NAHB), as much as 90 percent of home buyers think that energy efficiency is a very important factor when shopping for a home. These same buyers are also very interested in environment-friendly features including having housing close to parks, public transportation, and well-designed neighborhoods with sidewalks.
 The National Association of Home Builders Remodelers (NAHBR) -- a council of NAHB -- says that most homeowners choose green remodeling projects to help conserve energy. NAHBR recommends the following top ways to increase energy efficiency.
� Install appropriate insulation in area to be remodeled.
� Install high-efficiency windows instead of those that minimally meet the energy code.
� Seal all exterior penetrations in areas being remodeled.
� Purchase only Energy Star®-rated appliances.
� Install only low-flow water fixtures.
� Upgrade to at least an Energy Star®
 
     Congress took its first step last month on a mission that could totally reshape the American mortgage market.
 A House financial services subcommittee held the first hearing on what to do with Fannie Mae and Freddie Mac -- the failed, trillion-dollar mortgage giants that are now operating under direct federal control.
 The ultimate answers are likely to determine the types of loans and interest rates that home buyers will have in the future. That's because Fannie and Freddie have dominated the real estate market for decades, writing the rulebook on everything from loan sizes, credit requirements, downpayments and underwriting standards.

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AnnMarie Hamilton
E-mail: annmarie@surfkauairealestate.com
Website: www.surfkauairealestate.com
808-652-3511
Century 21 All Islands
808-248-2410
5-4280 Kuhio Highway #B
Princeville, HI 96722


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