B4 • Friday, May 20, 2022
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THE GARDEN ISLAND
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Julie Black, Principal Broker & Owner (808) 652-6174 with daughter Kela Caspillo, Realtor Sales Person (808) 652-6173 kauaidreams.com
RATES SURGE, HOME SALES TUMBLE Alex Veiga ASSOCIATED PRESS Sales of previously occupied U.S. homes slowed for the third consecutive month in April as mortgage rates surged, driving up borrowing costs for would-be buyers as home prices soared to new highs. Existing home sales fell 2.4% last month from March to a seasonally adjusted annual rate of 5.61 million, the National Association of Realtors said Thursday. That was slightly higher than what economists were expecting, according to FactSet. Sales fell 5.9% from April last year. After climbing to a 6.49 million annual rate in January, sales have fallen to the slowest pace since June 2020, near the start of the pandemic, when they were running at an annualized rate of 4.77 million homes. The median home price in April jumped 14.8% from a year ago at this time to $391,200. That’s an all-time high according to data going back to 1999, NAR said. “Without a doubt, rising mortgage rates, rising prices are hurting affordability, but we should not discount that we’re still lacking inventory,” said Lawrence Yun, NAR’s chief economist. Fierce competition for limited properties on the market and ultra-low mortgage
WILFREDO LEE / ASSOCIATED PRESS FILE
A home with a “Sold” sign is shown, Sunday, May 2, 2021, in Surfside, Fla. rates superheated the housing market the last couple of years, but now its cooling as homebuyers face sharply higher home financing costs than a year ago following a rapid rise in mortgage rates. In April, the weekly average rate on a 30-year fixedrate home loan climbed above 5% for the first time in more than a decade, crimping would-be homeowners’ purchasing power at the out-
Average long-term U.S. mortgage rates edge down to 5.25% ASSOCIATED PRESS WASHINGTON — Average longterm U.S. mortgage rates retreated modestly this week, but interest on the key 30-year loan remains at decade-high levels. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate slipped to 5.25% from 5.3% last week. By contrast, the average rate stood at 3% a year ago. Earlier this month, the Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point and signaling more big rate hikes to come. The Fed’s move, its most aggressive since 2000, will mean higher costs for mortgages as well as credit cards, auto loans and other borrowing for individuals and businesses. Last week, the government reported that U.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation for consumers and businesses will linger in the months ahead. In a separate report last week, government data showed that consumer prices jumped 8.3% last month from a year ago, just below the 8.5% yearover-year surge in March, which was the highest since 1981. Homeownership has become an increasingly difficult aspiration recently, especially for first-time buyers. Besides staggering inflation, rising mortgage rates and higher home prices, the supply of homes for sale continues to be scarce. Sales of previously occupied U.S. homes slowed for the third consecutive month in April as mortgage rates surged.
set of the spring homebuying season, traditionally the busiest period for home sales. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate slipped to 5.25% this week from 5.3% last week. A year ago, the average rate stood at 3%. Mortgage rates are climbing following a sharp move up in 10-year Treasury yields, reflecting expectations of higher interest rates
overall as the Federal Reserve hikes short-term rates in order to combat the worst inflation in 40 years. With inflation at a four-decade high, rising mortgage rates, elevated home prices and tight supply of homes for sale, homeownership has become less attainable, especially for first-time buyers. Higher rates can limit the pool of buyers and cool the rate of home price growth —
good news for buyers. But higher rates can also limit affordability. For now, the housing market continues to favor sellers as buyers vie for a still tight inventory of homes for sale, which has kept pushing up home prices. Even as sales slowed last month, it was common for homes on the market to receive multiple offers. Inventory levels have to
go higher before multiple offers dissipate from the market, Yun said. Until then, prices are likely to move higher. On average, homes sold in just 17 days of hitting the market last month, unchanged from March or April last year. In a market that’s more evenly balanced between buyers and sellers, homes typically remain on the market 45 days. As is typical in the spring, the number of homes on the market increased in April from the previous month. Some 1.03 million properties were available for sale by the end of April, up 10.8% from March, but down 10.4% from April last year. At the current sales pace, the level of for-sale properties amounts to a 2.2-month supply, the NAR said. That’s up from 1.9 months in March, and down from 2.3 months a year ago. Real estate investors and other buyers able to buy a home with just cash, sidestepping the need to rely on financing, accounted for 26% of all sales last month, down from 28% in March, NAR said. Homes purchased by investors made up 17% of sales in April, down from 18% the previous month, while firsttime buyers accounted for 28% of transactions, down from 30% in March and 31% a year ago.
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real estate directory P L A C E Y O U R A D t oday 2 4 6 - 0 3 2 5
t h e g arde n i s la n d . co m / cla s s i f i ed s
ELEELE
IN ESCROW Land Area: 8,044 sq. ft. Living Area: 908 sq. ft. Bedrooms/Baths: 2/2 List Price: $739,000 MLS#659175 • 14-panel PV System • Tesla Backup Battery • Solar Water Heater
Friday, May 20, 2022 Page 5
FORECLOSURES KAUAI’S
Notices to Creditors
PROPERTY DESCRIPTION : 10,000 sq ft vacant lot in Kukui’ula Residential Subdivision, Phase 1. Classified as Residential. FORECLOSURE SALE INFORMATION : This property is being sold pursuant to an order entered in an action filed in Fifth Circuit Court, State of Hawaii. COMMISSIONER : Gregory H. Meyers has been appointed Commissioner to sell the property. The Commissioner’s address, telephone number, and e-mail address are as follows: Gregory H. Meyers, Esq. 4442 Hardy Street, Suite 206 Lihue, Kauai, Hawaii 96766 Telephone: (808) 245-6688 e-mail: greg@meyerslawhawaii.com AUCTION DATE : A public auction will be held on Friday, June 17, 2022, at 12:00 p.m., noon, at the front steps of the Fifth Circuit Court Building, 3970 Kaana Street, Lihue, Kauai, Hawaii 96766 OPEN HOUSE : The Commissioner will conduct two (2) open houses; Saturday, June 11, 2022 from 9:00 a.m to 12:00 p.m., and Sunday, June 12, 2022 from 1:00 p.m. to 4:00 p.m. For those unable to attend, the Commissioner is willing to coordinate showings at times convenient to all of the parties involved. Please call the Commissioner to arrange such showings. GENERAL TERMS OF SALE : The property is being sold “as is” without any representations or warranties whatsoever as to title or possession, and by way of quitclaim conveyance. There is no upset price. The sale of the fee simple interest in the properties is to be at public auction to the highest bidder. The successful bidder must pay ten percent (10%) of the highest bid in cash, certified or cashier’s check, payable to the Commissioner at the close of the auction. Potential bidders shall be required to provide proof of ability to comply with the 10% bid requirement prior to participating in the auction. The balance of the purchase price is due to the Commissioner upon the approval and confirmation of the sale by the Court or as otherwise ordered by the Court. The name of the Court case is BMO Harris Bank, N.A. v. William Dode Martin, II, et. al., Civil No. 19-1-0076 (JRV). At the Court’s discretion, the 10% down payment may be forfeited in full or in part if the successful bidder shall fail to pay the balance of the purchase price as and when required. The Purchaser shall pay all costs of closing, including escrow, conveyancing and recordation fees, conveyance taxes and any and all other costs and fees. The Purchaser shall be responsible for securing possession of the property upon recordation and all costs associated therewith. The sale shall be subject to final Court confirmation and approval. ASSESSED VALUE/TAXES : The County of Kauai’s 2021 assessed value for the lot is $741,800.00 The current annual real property taxes are $7,109.40. The monthly maintenance fee is $1,185.00 plus a monthly vacant lot mowing fee of $110.00. There is also monthly club dues of $1,453.03. EXISTING ENCUMBRANCES : The sale shall be subject to a lien, if any, for unpaid real property taxes, six (6) months worth of unpaid regular monthly common assessments, and is being foreclosed on by BMO Harris Bank, N.A., first mortgage lienholder. All prospective purchasers should complete their own due diligence prior to bidding. FURTHER INFORMATION : For further information, contact the Commissioner. (TGI1371739 5/13, 5/20, 5/27/22)
FIFTH CIRCUIT COURT NOTICE OF PROBATE AND NOTICE TO CREDITORS P. No. 5CLP-22-0000026 Estate of ADOLF BEFURT, Deceased and the Adolf Befurt Revocable Living Trust Agreement dated July 20, 1991 as amended. FILED, Petition of Probate of Will and Appointment of Personal Representative, showing property within the jurisdiction of this Court and asking that ADRIAN W. JEBEF, whose address is c/o Michael D. Scarbo, 4442 Hardy St., Ste. 201, Lihue, HI 96766 be appointed Personal Representative of said estate. That TUESDAY, MAY 17, 2022, at 1:00 p.m. before the presiding Judge in Probate at who shall be sitting in probate in his/her courtroom at 3970 Ka‘ana Street, Lihu‘e, Hawai‘i, 96766 be the appointed date, time and place for hearing said petition and all interested persons.
AROL C. CUMMINGS RB-14915 (RB) CRB, CRS, GRI, SFR
808-651-4766
All creditors of the above-named estate are hereby notified to present their claims with proper vouchers or duly authenticated copies thereof, even if the claim is secured by a mortgage upon real estate, to said nominee at the address shown above within four months from the date of the first publication of this notice or they will be forever barred.
kauairealty@gmail.com
FORECLOSURES
NOTICE OF FORECLOSURE SALE FEE SIMPLE PROPERTY LOT 25 KUKUI’ULA RESIDENTIAL SUBDIVISION, PHASE I KOLOA, HI 96756 (VACANT LOT) TMK: (4) 2-6-016-025-0000
Legals / Public Notices
Notices to Creditors
FORECLOSURES
Further, all creditors of the trust established by the decedent under a trust agreement dated July 30, 1991, as amended, and known as the Adolf Befurt Revocable Living Trust Agreement dated July 30, 1991 as amended, are hereby notified that ADRIAN W. JEBEF is the Successor Trustee of the Trust, whose address is c/o Michael D. Scarbo, 4442 Hardy St., Ste. 201, Lihue, HI 96766, and that any and all claims which they have against the Trust, even if the claim is secured by a mortgage upon real estate, must be presented with proper vouchers or duly authenticated copies thereof to the Successor Trustee, at the address shown above, within four (4) months from the date of the first publication of this notice or they will be forever barred.
Public Notice Public Notice Public Notice
Dated: Lihue, Hawaii, APRIL 19, 2022. NOTICE OF PUBLICATION
Christine Martinez Clerk of the Above-Entitled Court
FIXING THE REAL PROPERTY TAX RATES FOR THE COUNTY OF KAUA‘I FOR THE FISCAL YEAR JULY 1, 2022 TO JUNE 30, 2023
Michael D. Scarbo 4442 Hardy St., Ste.201 Lihue, HI 96766 Attorney for Personal Representative (TGI1371112 5/6, 5/13, 5/20/22)
JUST LISTED!
Pursuant to Section 5A-6.3 of Chapter 5A of the Kaua‘i County Code 1987, as amended, the Council is considering fixing the following real property tax rates for the different classes as follows: Tax Rate (Per $1,000 Net Assessed Valuation) Homestead $ 3.05 Residential $ 6.05 Vacation Rental $ 9.85 Hotel and Resort $10.85 Commercial $ 8.10 Industrial $ 8.10 Agricultural $ 6.75 Conservation $ 6.75 Residential Investor $ 9.40 Commercialized Home Use $ 5.05
WAILUA
Land Area: 4,432 sq. ft. Living Area: 720 sq. ft. Bedrooms/Baths: 2/1.50 Price: $725,000 MLS 661507
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The public may submit written testimony to the Council on the rates prior to the June 1, 2022 Council Meeting in the Council Chambers, 4396 Rice Street, Suite 201, Lihu‘e, at 8:30 a.m. or soon thereafter, at which time the final rates, subject to further adjustments, will be fixed. Written testimony can be submitted to the Office of the County Clerk, Council Services Division via mail, facsimile, or E-mail to counciltestimony@kauai.gov.
245-0433
AROL C. CUMMINGS RB-14915 (RB) CRB, CRS, GRI, SFR
NOTE: IF YOU NEED AN AUXILIARY AID/SERVICE, OTHER ACCOMMODATION DUE TO A DISABILITY, OR AN INTERPRETER FOR NON ENGLISH SPEAKING PERSONS, PLEASE CONTACT THE OFFICE OF THE COUNTY CLERK, COUNCIL SERVICES DIVISION AT (808) 241-4188 OR COKCOUNCIL@KAUAI.GOV AS SOON AS POSSIBLE. REQUESTS MADE AS EARLY AS POSSIBLE WILL ALLOW ADEQUATE TIME TO FULFILL YOUR REQUEST.
808-651-4766
UPON REQUEST, THIS NOTICE IS AVAILABLE IN ALTERNATE FORMATS SUCH AS LARGE PRINT, BRAILLE, OR ELECTRONIC COPY.
kauairealty@gmail.com
thegardenisland.com
Lihu‘e, Kaua‘i May 13, 2022 (TGI1372279
/s/ Jade K. Fountain-Tanigawa County Clerk, County of Kaua‘i 5/20/22)
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Our rental units are 100% occupied. If you are looking for a Property Manager, we would love to talk with you! We offer you: Reasonable rates Tenant screening Oversee rent collection, taxes, and repairs Full service with attention to detail! Drop by our office or call for an appt. today!
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Kekaha
HAWAII’S
Service Directory
SOLD
General
Eleele IN ESCROW
Y. Hata & Co. Kauai Hiring immediately in Lihue Industrial Night Order Selectors & Non-CDL Drivers starting at $20/hr, monthly performance bonus and quarterly profit-sharing! Apply now at yhata.com/careers/ or call/text 808-447-4123 for questions
Skilled LaborTrade M&H Painting Looking for 2 painters/ helpers. Call Mark 808-635-4555
Transportation
HELP WANTED: LIH Airport Cabin Cleaner & Lavatory Drivers Starting pay $14.00/$15.00 We offer flight benefits/ 401K/Medical Please call 808-320-0093 or 808-321-9786 or scan to apply
ELEELE $739,000 2Bed /2Ba Interior size: 908 sq. ft. Lot size: 8,044 sq. ft. MLS659175 Carol Cummings RB-14915 808-651-4766
SOLD
ELEELE-$625,00 Eleele Subdivision 3Bed/1.5Ba Interior: 840 sq. ft. Lot Size: 9,864 sq. ft. KEVIN HORITA (808) 639-8213 MLS 648289
Kapaa-$785,000 3Bed/2BA Interior: 1,296 sq. ft. Lot Size: 12,820 Glen Kojima RS-80593 808-651-5850 Jesse Fukushima RS-71180 808-482-4077 MLS 660495
KEKAHA $750,000 5Bed / 2.5Ba Interior size: 2,005 sq. ft. Lot size: 7,792 SQ. FT. MLS656849 Carol Cummings RB-14915 808-651-4766 Shelly Kaui Carvalho (RS)-64829 808-652- 3886
SOLD
Lihue IN ESCROW
Kapaa- $3,050,00 Vacant Lot Lot Size: 10.37 Acre(s) Clifton Kukino RB-15364 808-639-1490 Mark Tanaka RB-9222 808-639-0367 MLS 656910
Kekaha
Lihue-$1,050,000 3 Bed/2.5 Ba Interior Area: 1,893 sq ft Ashley M. Carvalho RS-73535 808-639-9307 Mark K. Tanaka 808-639-0367 RB-9222 MLS 661107
Appliances Recycled Appliances Washers,Dryers, Stoves & Refrigerators $250+ Tashi 808-652-0551
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Our full-time employees enjoy a generous benefit package that includes: Medical, Dental, Company-Matched 401K as well as sick leave and paid vacation.
Send resume with cover letter to: 500 Ala Moana Blvd., 7 Waterfront Plaza, Suite 500 Honolulu, Hawaii 96813 or email: rstolar@staradvertiser.com
We are an equal opportunity, affirmative action employer. We recognize and appreciate the benefits of diversity in the workplace. People who share this belief or reflect a diverse background are encouraged to apply.
IN ESCROW
KEKAHA- $797,000 3Bed / 2Ba Interior size: 1,330 sq. ft. Lot size: 7,540 SQ. FT. MLS660099 Eric Yama RB-10975 808-639-3414 Lauren Yama (RS)-84751 808-346-4204
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Rentals Wanted Wanted to rent: apartment in or near Lihue for $1,200. Will negotiate. Retired Kauai SPED school teacher, and wife with small house trained dog. Will Davis 808-265-1854
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We are looking for the right candidate to call on new and current customers and market our numerous advertising solutions to grow our customer’s business. This person will prospect new business and grow the current account base. Comfort with cold-calling is a must. He/ she will be able to represent numerous newspapers, magazines, website and digital products, be able to match those products to the customer’s needs and make sales presentations to key decision makers. A high school diploma is required. A Bachelor’s degree in marketing or business is preferred. An aptitude for understanding statistical information and basic computer skills are necessary. He/she also must possess excellent verbal and written communication skills and be able to successfully multi-task. If you want a career with a fast paced, top media company with excellent pay and benefits, we want to hear from you.
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SALES ACCOUNT EXECUTIVE
IN ESCROW
Kapaa-$225,000 Interior: 456 sq. ft. Glen Kojima RS-80593 808-651-5850 Jesse Fukushima RS-71180 808-482-4077 Leah Alisna-Ragsac RS-80621 808-212-4086 MLS 654625
8 weeks old Goldendoodle Puppies 1 female, 2 male. Call 808-346-2526
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Carpenter looking for maintenance jobs. Free estimates. 3D Construction Call Albert 652-8861. alapaki82@outlook.com
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Oahu Publications Inc. is seeking a quality individual to join our successful team on Kauai to support the distribution of our portfolio of publications including The Garden Island and other publications. This position is responsible for a variety of tasks and responsibilities within home delivery, single copy and non-daily distribution areas. The job duties can entail but are not limited to: administration of customer service functions to subscribers and distribution contractors, preparing paper work, distributing daily and non-daily products to independent contractors, subscribers, and/or retailers, and product delivery verification. Candidate should have solid computer skills, be very organized and have a valid driver’s license with a clean abstract. Attendance and punctuality a must. Our full-time employees enjoy a generous benefit package that includes: Medical, Dental, Company-Matched 401k as well as sick leave and paid vacation. If you meet the above requirements, please send or email your resume to: 500 Ala Moana Blvd., 7 Waterfront Plaza, Suite 500 Honolulu, HI 96813 or email: rstolar@staradvertiser.com We are an equal opportunity, affirmative action employer. We recognize and appreciate the benefits of diversity in the workplace. People who share this belief or reflect a diverse background are encouraged to apply.
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NGTON mortga WASHI week. te U.S. t this percen Mac said year fixed-ra to 3.93 Freddie ark 30slipped ge buyer from Mortga that the benchm i Rd. was down peray Ahukin Thursd loan rate and 4.16 Hwy & year home t last week of Kuhio te 3.94 percen ago. corner , fixed-ra refiyear On the cent a those on 15-year The rate popular with un, was ges, t. mortga their homes 3.36 percen g at nancin this week year ago. d ta change r adjust3.37 percen Kauai It was on five-yearose to 3.36 Kim Chee/ Miki Macs; Haole Girl Sweets; Kauai ges Roasters/ The rate Cofee last week Monkeypod Jam; Hanalei te mortga percent Aunty Lilikoi;able-ra Moloa'a Bay Coffee; 3.35Kala 'O ago.Kauai; Mailelanis; Kula from Express; Heavenly Hakus t Bakery, Ko nts. Kookies; l Ret a year percen percenWater Wahine; Tropical Flowers Lures; Salty ly Payme White the Federa t Precious Kreations/ and 3.19 sday, interes um month On Wedne short-term in 2017. “The val. Minim raised appro in the serve third time priced pm for the t to credit t rates had already ri 9am-6 rm interes ble - Subjec market so long-te -3pm : Mon-F ge rates, a ing Availa OPEN Sat 10am rate hike, ng mortga Kiefer, Financ includi ,” said Len rates, ist. moved hardly Mac econom e mortgage Freddie s lenders te averag To calcula Mac survey n MonFreddie y betweeweek. rates, each the countr sday across Wedne day and
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