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New home sales mostly unchanged ASSOCIATED PRESS CHARLOTTE, N.C. — Sales of new homes remained steady in October to a seasonally adjusted rate of 999,000 units. While the Commerce Department said October new home sales were down 0.3% from September, the government revised up its September marginally. In all, the figures did not change much from the previous month, a sign that sales of new homes is remaining steady despite the home-buying season now entering the fall. Sales of new homes are up 41.5% from the same period a year earlier, reflecting record low mortgage rates and a pandemic-induced push to the suburbs has made the housing market a bright spot despite the recession. The median price of a new home sold was $330,600, the report said.
US mortgage rates stay at record low 2.72% for 30 years ASSOCIATED PRESS WASHINGTON — U.S. long-term mortgage rates remained at record lows this week as the coronavirus pandemic continues to threaten the economy. Mortgage finance giant Freddie Mac reported Wednesday that the average rate on the 30-year fixedrate home loan was unchanged this week from a record low 2.72%. A year ago, the benchmark rate was 3.68%. The rate on 15-year fixed-rate loans stayed at 2.28%. It was 3.15% a year ago. Interest rates have fallen this year as the virus batters the economy and the Federal Reserve pours money into the financial system to support a recovery. Low rates have encouraged Americans to buy homes or refinance existing mortgages.
THE GARDEN ISLAND
Friday, November 27, 2020 Page 3
Real estate is booming lenders look for a DTI of 36% or lower. If your DTI is high, see if you can decrease your debt by paying some down and/or increase your income (perhaps with a part-time job). Apply with a number of lenders - some will give you better rates than others. Before applying, ask what information and documents you (and your co-borrower, if there is one) will need. This will include proof of employment and income, plus previous tax returns. Also, be sure to apply to all the lenders within a span of two weeks. That way, only one “credit inquiry” will impact your VantageScore credit score.
Thinking of jumping in? Do your homework first BRANDPOINT Over the past several months, everyone’s lives have been upended, with consequences nobody predicted. One unexpected result of the pandemic? A real estate boom. With so many more people working from home, people are re-evaluating their living spaces, including those who need to factor in homeschooling. Some families are realizing they need more bedrooms, larger yards or just more space in general. Others who have suffered financial setbacks may be looking to downsize. And many city dwellers are trying to move away from congested areas to smaller towns or suburbs. All of these changes, plus the low mortgage rates, have resulted in plenty of activity in the housing market. If you’re one of the many Americans considering a move, here are some tips to navigating the process successfully right now.
itGuide from American Express. The VantageScore model, widely used by lenders, helps both consumers and lenders by providing a more accurate representation of the risk for someone to default on a payment on his/ her loan. It also provides more consistent scores regardless of which national credit reporting company provides your score, Check your credit Long before you make any large which is helpful especially for first-time home buyers. purchase, whether it’s a car or a If your credit score is not up to home, you should check your par, improve it by: credit score and your credit reZ Making timely payments on port. bills, especially credit cards, and Before you even start scoping pay more than the minimum when out neighborhoods, visit Annualyou can. CreditReport.com, a site where Z Reducing the percentage of reyou can access for free your credit volving credit you’re using by payreport - these days, on a weekly ing down some of your cards. basis. Also be sure to review the Under 30% of the maximum credit report to ensure there are no errors. You can also check your Van- available is optimal. Z Asking for your credit limits to tageScore credit score for free at be increased. If you increase the websites like CreditKarma.com, MyLendingTree.com and MyCred- credit limit but don’t charge more
on your card, you’ll be using a smaller percentage of your limit. Z Keeping a neglected credit account active by making a small purchase on it that you can quickly pay off. No matter which strategies you use, allow a few months for your improved credit habits to show up on your report before applying for a mortgage.
Take advantage of virtual home tours Save time and stay safe by touring homes virtually while you’re in the initial stages of house-hunting. Once you’ve narrowed down your choices, you can ask about visiting properties in person, following safety protocols.
Leave your emotions at the door Whether you’re buying and/or selling, don’t let the emotions of the moment push you into making Get pre-qualified a hasty decision. Make sure you for a mortgage Being pre-qualified makes you a know your budget and the acceptable terms or conditions for the much more attractive buyer. purchase (or sale). If the seller (or The first step in getting buyer) suddenly changes somepre-qualified is checking your thing about the deal - from the credit score (see above). closing date to the offer or asking Next, crunch some numbers. price - don’t make a snap deciYou’ll need to figure out your sion. Tell them you’ll think about debt-to-income ratio (DTI) based it overnight and discuss it with on the anticipated mortgage your real estate agent. Weigh the monthly payment: How much pros and cons before agreeing. (percentage) of your gross For more financial tips and inmonthly income goes toward debt formation about credit, visit www. (student loans, credit cards, car payments, etc.)? Most mortgage yourvantagescore.com.
Price gains accelerate as pandemic shakes up housing ASSOCIATED PRESS WASHINGTON — U.S. home prices jumped in September as strong demand, low interest rates and the smallest number of available homes on record combined to push up housing costs. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, showed that home prices rose 6.6% in September from a year earlier, much higher than its 5.3% increase in August. That is the biggest increase since April 2018. The viral pandemic disrupted the spring home buying season, pushing many sales into the late summer and fall. Home sales jumped to the highest level in 14 years in September, a sign that the increased ability of some Americans to work from home and the desire for more space is spurring greater demand. Prices skyrocketed 11.4% in Phoenix compared with a year earlier, the biggest gain nationwide. Seattle reported the second highest increase, at 10.1%, followed by San Diego at 9.5%. The number of homes for sale sank in September to the lowest level since records began in 1982, according to the National Association of Realtors. And last week mortgage rates fell to a record low of 2.72%, according to mortgage buyer Freddie Mac. Home prices are rising broadly across the country. In September, 19 cities in the S&P 20-city index reported bigger price gains compared with a year ago than in August. The 20th city, Detroit, has reported delays at its recording office because of the pandemic and did not have enough data to calculate price changes.
Is now the right time to refinance your mortgage? Consolidate your debt with a lower payment. You can get some of the lowest rates in the state, plus your money stays on Kaua‘i.
Visit us online at www.kgefcu.org to learn more. Anyone can be eligible for membership with KGEFCU
Page 4 Friday, November 27, 2020
THE GARDEN ISLAND
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246-0325
KAUAI’S
real estate directory P L A C E Y O U R A D today 2 4 6 - 0 3 2 5
t he g arden i slan d .com /clas s i f ieds
Puhi
KAUAI’S
Legals / Public Notices
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FORECLOSURES
Custom Color Matching • Sikkens Wood Finishes • Purdy Brushes • Graco Sprayers Home Owner • Maintenance • Commercial • Industrial
246-8828
Across From Kauai Community College
4490 Puhi Road, Lihue Mon-Fri 7:30am to 4pm Sat 8am to 12 Noon
IN ESCROW
Your locally owned paint store. Serving the people of Kauai for over 24 years! Hanamaulu-$475,000 2 Bed/1 Ba. Interior Area: 833 sq.ft. Lot Size: 3,534 sq.ft. Ashley M. Carvalho RS-73535 808-639-9307 MLS 639730
Puhi-$629,000 3 Bed/2 Ba. Interior Area: 1,248 sq.ft. Lot Size: 8,102 sq.ft. Mark K. Tanaka RB-9222 808-639-0367 MLS 641879
Wailua
Kapaa IN ESCROW
Kapaa-$795,000 2 Bed/2 Ba. Interior Area: 1,102 sq.ft. Lot Size: 3.07 acres Carol C. Cummings RB-14915 808-651-4766 MLS 640834
Wailua-$629,000 5 Bed/3.5 Ba. Interior Area: 2,220 sq.ft. Lot Size: 12,617 sq.ft. Jesse Fukushima RS-71180 808-482-4077 MLS 643722
Waimea
Waimea- $225,000 Lot Size: 9,285 sq.ft. Daniel Kurisu (S) RS-79218 808-652-7302 MLS 635569
Joseph Quentin
We make your next home inspection a breeze
www.quentinllc.com (808) 855-5280
BBB Rating: A+
Kekaha-$589,000 4 Bed/1 Ba. Interior Area: 1,080 sq.ft. Lot Size: 5,040 sq.ft. Shelly Kaui Carvalho RS-64829 808-652-3886 MLS 643773
Apartments
CAROL C. CUMMINGS RB-14915 (RB) CRB, CRS, GRI, SFR
Lihue-$352,000 2 Bed/2 Ba. Interior Area: 750 sq.ft. Mayu Tomizawa RS-67283 808-634-8765 MLS 643941
808-651-4766 kauairealty@gmail.com
245-0433
Total Land Area: 18,664 sf (2 lots) Living Area: 1,790 sq. ft. Beds/Baths: 3/3 Price: $800,000 MLS 639230
KAPAA: The Courtyards at Waipouli 1, 2, & 3bd units, granite counters, custom cabinets, stainless appls, solar hot water, walk to beach & Kintaro. PETS OK Call for availability (808) 822-1300 www.courtyardsatwaipouli.com
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808-634-8765 mayu@kauairealty.net
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MAYU TOMIZAWA RS-67283
Lihue
IN ESCROW
KAUAI REALTY
Wailua Houselots $685,000 6Bed/3.5Ba Interior Area: 2,220 sq.ft. Lot Size: 12,617 sq.ft. MLS 643722
A RARE FIND OF A PROPERTY.
Glen Kojima, RS-80593 Glen@KauaiRealty.net (808) 651-5850 Jesse Fukushima, RS-71180 Jesse@KauaiRealty.net (808) 482-0325
This Neighborhood Commercial zoned property comes with 2 residential dwellings. Each dwelling has it’s own water meter and the roof coverings were replaced within the past few years. Covid 19 Notice and Pre-showing questionnaire are required prior to property showing. All participants for property showings must wear masks prior to entering the dwellings. As Is, Lead Base addendum required with purchase contract.
Princeville-$1,599,900 4 Bed/3.5 Ba. Interior Area: 3,925 sq.ft. Lot Size: 20,093 sq.ft. Glen Kojima RS-80593 Glen@KauaiRealty.net MLS 632144
Stay Informed
Lihue-$950,000 5 Bed/4.5 Ba. Interior Area: 3,718 sq.ft. Lot Size: 10,067 sq.ft. Clifton Kukino RB-15364 808-639-1490 Jordan Kukino RS-81289 808-634-5032 MLS 643520
Princeville
Notice is hereby given by Banyan Harbor Time Share Owner’s Association. That it intends to foreclose by way of non-judicial process on the aforesaid Notice of Lien and Suspension of Privileges against the timeshare interests identified below. Said timeshare interests will be sold at public auction to be held at the front entrance of the Fifth Circuit Court Building, 3970 Kahana St, Lihue, Kauai, Hawaii at 12:00 noon December 18, 2020. There shall be no open house and the unit shall be sold “as is”. One Hundred (100%) Percent of the purchase price shall be due at the close of auction via either cashier’s check or cash. The timeshare interest is a 1/50th co-tenancy interest in and to Banyan Harbor Condominium Project, Nawiliwili, Kauai, Hawaii, plus the exclusive right to occupy a use period as provided for. Apartment 122 M-1 owned by Reinhold Fussle and Claudia Kaye Fussle; Apartment 4 P-1 owned by Ross D. AKC FRENCHIES- 2F, 5M Holland; Apartment 147 KK-2 owned by Sheri M. Avail.12/27. Inclds 1st Vaccine. Serious Inquiries. Magerkurth and Sheila W. Feder; Apartment 110 $3800each 808-651-1030 WW-2 owned by Kevin Lyle Rashid and Angela Rashid; Apartment 77 T-2 owned by Larry D. Rawlins, Peggy A. Rawlins, Jennifer Rawlins, and S. Chad Rawlins; Apartment 43 S-1 owned by Igor Tulisov and Elena Tulisov; Apartment 145 A-2 owned by Dennis Battad Urmeneta and Mila Taal Urmeneta; Apartment 147 A-1 & AA-2 owned by Norman Henry Wiebe and Georgia Irene Wiebe; Apartment 142 Q-1 owned by Bruce H. Wiener and Karen S. Weiner, as Trustees of the Trust of Bruce H. Wiener and Karen S. Wiener; Apartment 94 J-1 owned by Willie Hammer and Kimi Hammer; and Apartment 94 F-1 & F-2 owned by Roy Harry Merrick, Arleane Merrick, Lowell Lee Lylte, Koelean Lytle, Julian King and Audeane King. Contact Person: Patrick Childs Esq.4365 Kukui St. Suite #104, Lihue, Hi 96766 (808) 245-2863. Legal above ground (TGI1304122 11/20, 11/27, 12/4/20)
Pets
MERCHAN DISE
Appliances
septic tank systems w/dry compost or flush toilets $700+ Tashi 808-652-0551 888-341-0782
BUSINESS
service guide 245-0456
FOR MORE INFORMATION, CALL DIANE 245-0456 THE GARDENISLAND.COM/CLASSIFIEDS
Senior Care
Masonry BEST SAMARITAN CONTRACTOR
Looking to provide live-in senior care for someone who needs additional help/care in the home. Would be able to assist with – but not limited to meal preparation, bathing, dressing, medication, dr. appt’s, errands. I have my masters degree in Social Work.I also have my Certified Nursing Assistant & Medication Aid License. I have worked in healthcare for 15 years. Please contact me if you are interested, 308-760-3033.
Walls, Rock, Tile Sidewalk, Driveways, Tree Work: trimming, removal, hauling Free Estimates C-26959 346-5404 or 782-6570
Collectibles PAYING TOP DOLLAR for U.S. coins, Morgan & peace dollars, gold coins, Chinese coins, Hawaiian coins, World War II paper money, $1, $5, $10, $20 bills & silvers, 90% 1964 & prior dimes, quarters & 50 cents. (619) 549-7923 KEYWORD : 91941
Professional Services C&S Glass & Screen Best Prices for 29 Years Guaranteed Call C&S for all your glass needs! All major credit cards accepted 822-2162 or 822-5247
Garage & Lanai Sales
As of 9/30/2020
GREAT INVESTMENT! | HANAPEPE HTS
20 08 PT CRUISER 56K Excellent Condition, Cold Air, $4900 OBO 808-826-4428
Recycled Appliances Washers,Dryers, Stoves & Refrigerators $250+ Tankless Gas Hot Water Heaters $175 Tashi 808-652-0551
Kekaha
Certified Inspector
NOTICE OF INTENT TO FORECLOSE LIEN AND OF SALE BY PUBLIC AUCTION
CHRYSLER
Hanamaulu
FORECLOSURES
Moving Sale! 6530 Kaahele St. Wailua Homesteads Fri. & Sat. 11/27 & 11/28, 8a.m. to 2p.m. May go until later! Furniture, toys, kitchen ware and more! Everything must go!
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Garden & Plants
245-0433
Norway Spruce 7.5 ft LED Artificial Tree Dual Color Retail: $440 Sale Price: $240 Home Depot Selling At: $200 Never Been Used In Its original box Call us at: 332-9656
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245-0433
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Friday,
THE GARDEN
HAMCO GLASS & GLAZING LLC 1770 Haleukana Street Suite 102 Lihue, HI 96766 Supplier of glass products and hardware. Repairs & installation.
Joni Hamada-Patricio, Member Noel Patricio, Member License No. C-30983
Ph. (808) 245-8793 Fax (808) 245-3642
December
15, 2017
Page
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