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AUGUST SALES SLIP, PRICES GREW SLOWLY the number of homes that are available for sale. “That lock-in effect is continuing to impact invenSales of previously occupied U.S. homes slowed in tory and I think it will conAugust for the seventh tinue to impact inventory month in a row, as sharply going forward,” Yun said. higher mortgage rates and Some 85% of U.S. homerising prices made homeowners with a mortgage now have a rate well below buying less affordable, fur6%, according to Redfin. ther cooling the once The disparity gives less inred-hot housing market. The National Association centive to these homeownof Realtors said Wednesday ers to sell and buy another that existing home sales fell home, because taking on a 0.4% last month from July higher mortgage rate would to a seasonally adjusted anmean paying more over the life of the loan and also as nual rate of 4.80 million. bigger monthly payment. That’s higher than what In the four weeks ended economists were expecting, Sept. 11, home listings fell according to FactSet. 19% from a year earlier, the Sales fell 19.9% from Aulargest drop since May gust last year, and are now 2020, the real estate brokerat the slowest annual pace since May 2020, near the age found. start of the pandemic. Some 1.28 million homes The national median were on the market at the home price jumped 7.7% in end of August, down 1.5% August from a year earlier from July and flat versus to $389,500. August last year, NAR said. As the housing market On average, homes sold has cooled, home prices in just 16 days of hitting the STEVEN SENNE / ASSOCIATED PRESS FILE market last month, up from have been rising at a more moderate pace after surg14 days in July. A for sale sign stands in front of a house on Oct. 6, 2020, in Westwood, Mass. Before the pandemic, ing annually by around 20% homes typically sold more averaged 2.86%. on a typical home from rising again along with the earlier this year. Before the neck pace in recent years than 30 days after being The last time the long$897 to $1,643 a month, an 10-year Treasury yield, pandemic, the median as homebuyers grapple term average rate has been which influences home loan 83% increase over the past listed for sale. home price was rising with the highest mortgage At the current sales pace, this high was November three years, according to an rates. about 5% a year. rates in more than a de2008, just after the housing The 10-year yield traded analysis by real estate infor- the level of for-sale proper“The rising mortgage rate cade, as well as inflation market collapse triggered at its highest levels since has clearly hampered the that is hovering near a mation company Zillow. ties amounts to a 3.2-month the Great Recession. 2011 on Tuesday, reflecting housing market,” said Law- four-decade high. Surging home loan rates supply, Yun said. That’s unMortgage rates eased in expectations of further inThe average rate on a 30don’t just make homes less changed from July and rence Yun, NAR’s chief July after climbing in June, terest rate hikes by the Fed- affordable, they also disyear home loan rose to economist. higher than the 2.6-month which may have helped mo- eral Reserve in its bid to 6.02% last week, moving The August sales report supply in August last year. couraging homeowners above 6% for the first time is the latest evidence that In a more balanced market squash inflation. who locked in an ultra-low tivate homebuyers last since 2008, according to the housing market, a key Higher home prices and rate the last couple of years between buyers and sellers month, limiting the sales driver of economic growth, mortgage buyer Freddie there is a 5- to 6-month supmortgage rates have from buying a new home. decline. More recently, Mac. A year earlier, the rate however, rates have been is slowing from its breakpushed mortgage payments That, in turn, can limit ply. Alex Veiga ASSOCIATED PRESS
Average US long-term mortgage rates climb to 6.29% this week ASSOCIATED PRESS WASHINGTON — Average longterm U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2008 as the Federal Reserve intensified its effort to tamp down decades-high inflation and cool the economy. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate climbed to 6.29%, from 6.02% last week. That’s the highest its been since October of 2008 when the housing market crashed, triggering the Great Recession. Rapidly rising mortgage rates threaten to sideline even more homebuyers after more than doubling in 2022. Last year, prospective homebuyers were looking at rates well below 3%. On Wednesday, the Federal Reserve bumped its benchmark borrowing rate by another three-quarters of a point in an effort to constrain the economy, its fifth increase this year and third consecutive 0.75 percentage point increase. Perhaps nowhere else is the effect of the Fed’s action more apparent than the housing sector. Existing home sales have been in decline for seven straight months as the rising cost to borrow money puts homes out of reach for more people. The National Association of Realtors said Wednesday that existing home sales fell 0.4% last month from July to a seasonally adjusted annual rate of 4.80 million. Sales fell 19.9% from August last year, and are now at the slowest annual pace since May 2020, early in the pandemic.
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KAUAI’S
real estate directory P L A C E Y O U R A D today 2 4 6 - 0 3 2 5
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Land Area: 19,384 sq. ft. Living Area: 1,192 sq. ft. Bedrooms/Baths: 3/2 Price: $939,000 MLS 663084 Listor/Owner
Certified Inspector
AROL C. CUMMINGS RB-14915 (RB) CRB, CRS, GRI, SFR
Joseph Quentin
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kauairealty@gmail.com
KEKAHA $450,000 Leasehold 4Bed/2Ba Interior: 1,248 sq. ft. MLS 664628
Shelly Kaui Carvalho You must be a native Hawaiian and meet the Blood Quantum per DHHL requirements of 50% Hawaiian.
808-651-4766
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$780,000 3BED/2BA Interior Area: 1,531 sq. ft. Lot Size: 8,059 sq. ft. MLS 655642
TAKE A CLOSER LOOK! Scan this QR code for more information about this property:
Melinda B. Yomen, RS-56237 melinda.yomen@gmail.com (808) 482-0452 Comfortable one story, ranch style home with the master bedroom on the other side of the house for privacy. New roof in July 2020, New bathroom cabinet. Exterior of the home recently painted. Nice cabinets with quartz countertops. There is no garage or carport, but one could be built in the big, back yard. Ten minutes to Poipu beaches and Koloa town. This property is sold in “As Is” condition. This is a great location and neighborhood.
MLS# 655642
Melinda B. Yomen RS-56237, CRS
Cell: 808-482-0452 • melinda.yomen@gmail.com
Diane A. Pavao RS-58020 808-651-3557
www.kauai-realty.com
2403 Ulu Maika Street • Lihue, Kauai, Hawaii 96766
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For Immediate Hire Cashier, Store Associate and Lumber Associate
SOLD LIHUE - $520,000 2Bed / 1Ba Interior size: 704 sq. ft. Ground Floor/Yard MLS661110 Clifton Kukino RB-15364 Shelly Kaui Carvalho (RS)-64829 808-652- 3886
Hardware Hawaii, known for their “legendary” customer service, is looking for motivated individuals that have the power to reach for more. Servicing Hawaii for over 66 years. Positions starting at $16.00 per hour w/ Great Benefits. Many ways to apply: email humanresources@ hardwarehawaii.com call (808) 260-8815 or drop by our Koloa store for an on the spot interview. Warehouse Workers Daytime/Overnight Full Time Shifts Available Immediate Start In Lihue Call HIEmployment 808-482-3900 slever@ hi-employment.com
HANAMAULU $675,000 Interior size: 1,806 sq. ft. Lot size: 6,147 sq. ft. MLS634019 Carol Cummings RB-14915 808-651-4766 Coreen S, Sarabia RB-15579 808-822-4004
Puhi - $699,500 2Bed / 2Ba Interior size: 924 sq. ft. MLS664012 June Araki RS-25303 808-482-1855
Wanted
Personals KAPAA $799,000 3 Bed / 2 Ba Interior Size: 1,056 sq ft. Lot Size: 6,570 sq ft Ashley M. Carvalho RS-73535 808-639-9307 Mark K. Tanaka 808-639-0367 RB-9222 MLS 663900
Casting call THE CLIMATE AGREEMENT an original play about Kauai, Climate Change and the Virus For character list please text Vivian Rose 808-639-7673 or poipuron@gmail.com
Poipu SOLD
SOLD POIPU-$1,600,00 Poipu Shores 3Bed/2Ba Interior: 1,041 q. ft. ANN ZASLOW (808) 639-3675 MLS 661343
Pets AKC Labrador Retriever Puppies with Papers. $1,700/OBO.Call or email for info. 808-335-2808 kauai8888@gmail.com
KAPAA - $730,000 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
CHINESE CRESTED CHIHUAHUA 7 weeks, shots and wormed. 2 females hairless and 1 male powder puff. $650 each CALL 808-651-5555
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Lihue - $1,450,000 5Bed / 5.01Ba Interior size: 3027 sq. ft. Land Size: 9,174 sq. ft. MLS663176 Charissa Riofta RS-82661 808-639- 3752
Wanted to rent: apartment in Lihue for $2,000. Will pay deposit. Retired Kauai SPED school teacher, and wife with small house trained dog. Will Davis 808-265-1854
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COUNTY OF KAUAI PLANNING COMMISSION – 4444 Rice Street, Suite A473, Lihue, Kauai, Hawaii, 96766, tel: (808) 241-4050, email: planningdepartment@kauai.gov . NOTICE IS HEREBY GIVEN of an agency hearing with a public hearing and an opportunity for public testimony from all interested persons to be held by the Kaua‘i Planning Commission pursuant to the provisions of Kauai County Code, Chapter 8, as amended, Hawaii Revised Statutes (HRS) Chapter 92 and 91, and the Rules of Practice and Procedure of the County of Kauai Planning Commission. The hearing will be held regarding the following: ZA-2023-2: Request: County Zoning Amendment from Open District (O) to Residential District (R-4). Location: Lawa’i, Kaua’i. Located along the southern side of Koloa Road, and approximately 200 feet west of the Koloa Road/Horita Road intersection, further identified as 3980 A Koloa Road and containing a total area of 40,075 square feet, Tax Map Key: (4) 2-6-009:021. Meeting Location :
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Pursuant to Hawai‘i Revised Statutes Section 92-3.7, which codified Act 220, SLH 2021, the meetings of the County of Kaua‘i Planning Commission will be conducted as follows: The meeting location that will be open to the public with audiovisual connection is: o Lihu‘e Civic Center, Moikeha Building o Meeting Room 2A-2B o 4444 Rice Street, Lihu‘e, Kaua‘i, Hawai‘i In addition to attendance in-person, the public may also attend the meeting through Zoom using link provided on the agenda. o If the Zoom connection or audio/visual connection is lost at the public location identified in the Commission’s public notice and cannot be restored within 30 minutes during the meetings, the Planning Commission will postpone all matters and reconvene at the next scheduled Planning Commission Meeting. Also, the meeting will be available as an archived meeting after completion at www.kauai.gov/Webcast-Meetings . Written testimony indicating your 1) name or pseudonym, and if applicable, your position/title and organization you are representing, and 2) the agenda item that you are providing comment on, may be submitted on any agenda item in writing to planningdepartment@kauai.gov or mailed to the County of Kaua‘i Planning Department, 4444 Rice Street, Suite 473, Lihu‘e, Hawai‘i 96766. Written testimony received by the Planning Department at least 24 hours prior to the meeting will be distributed to all Planning Commissioners prior to the meeting. Any testimony received after this time and up to the start of the meeting will be summarized by the Clerk of the Commission during the meeting and added to the record thereafter. Oral testimony will be taken on specific agenda items, in-person at the public meeting location or via Zoom link as an additional accommodation. o All testifier audio and video will be disabled until it is your turn to testify. o Per the Planning Commission’s and Chairs practice, there is three-minute time limit per testifier, per agenda item. o If there are temporary technical glitches during your turn to testify, we may have to move on to the next person due to time constraints; we appreciate your understanding. 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 BOARDS & COMMISSIONS AT (808) 241-4917 OR ASEGRETI@KAUAI.GOV AS SOON AS POSSIBLE. REQUESTS MADE AS EARLY AS POSSIBLE WILL ALLOW ADEQUATE TIME TO FULFILL YOUR REQUEST. UPON REQUEST, THIS NOTICE IS AVAILABLE IN ALTERNATE FORMATS SUCH AS LARGE PRINT, BRAILLE, OR ELECTRONIC COPY. (TGI1387555 9/23/22)
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ings n’syourGreet Seasofrom friends at
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Lihue Highway, Rd. Kuhio Hwy & Ahukini of Kuhio 3-3222 corner
kauaifl
Annual
On the
on The rate popular with unwas 16, 2017 9:30am to 2pm homes, 3.36 percent. mortgages, their December at Saturday, nancing this week year ago. a Community College
–1pm SATURDAYS 9:30am
College Campus On the Kauai Community
Made ~ Chocolate! Locally Grown ... Locally
of Kaua‘i Lawnadjust-
Front 3.37 Kauai It was on five-year to 3.36 Kim Chee/ Miki Macs; Haole Girl Sweets; Kauai The rate Cofee rose Roasters/ last week Monkeypod Jam; Hanalei mortgages Aunty Lilikoi;able-rate percent Kauai; Mailelanis; Moloa'a Bay Coffee; 3.35Kala Hakus 'O ago. Kula from Bakery, Flowers Express; Heavenly Rea year Kookies; Kopercent Lures; Salty Wahine; Tropical percentWater White the Federal Precious Kreations/ and 3.19 interest changed
By
Co-sponsored Kaua‘i Community College County of Kauai
percent
On Wednesday, short-term in 2017. “The raised in the serve third time priced for the rates had already interest rates, market so long-term mortgageKiefer, a rate hike, including said Len rates, moved,” hardly Mac economist.mortgage average lenders Freddie To calculate Mac surveys Monbetween Freddie rates, week. the country each across Wednesday day and ••• Press Associated
OPEN:
9am-6pm Mon-Fri Sat 10am-3pm
Save the Date!
Financing
Available
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to credit
approval.
Minimum
monthly
75¢
Serving Kauai since 1902
Payments.
and Niihau
ANGE SEEDS OF CH
rs Inc. to ide Hartung Brothe statewcompanies se staffing; marketsWestside seed in the toies, increa for commercial A.G., Kauai’s with reduction to cts of Syngenta iden- — starting of firms from four research activit Kauai operations te closely tal number of an impending r of food produ to expand and had been a Swiss conglomera three. Rumors GMO agriculture at DowDuPont DowDuPont ction scalethegrowe strains. tified with shake-up over pesticide Hartung Brothers Dow Meanwhile, seed developer that produyear by the merger of DuPont widely criticized its GMO and rife for weeks. Hybrids acquired de continue on Kauai Inc., a leading organic and conbecome a In 2016, Beck’s use. It will of BASF Corp., and E.I. rachini
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Co. in the process ions nd Co., is
produces
GMO, said it ds for farmers,
activities other research into production
the Kauai
techoperations hemical and
We are an equal opportunity 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.
Completion Court Notices Court Notices of Contract SARA L. SILVERMAN #5756 4480 Ahukini Road, Suite 202 Lihue, Kauai, Hawaii 96766 Telephone: 246-6988 NOTICE IS HEREBY Email: saralaw@hawaiiantel.net GIVEN that pursuant to the Provisions of Section Attorney for Petitioner 507-43, of the Hawaii IN THE FAMILY COURT OF THE FIFTH CIRCUIT Revised Statutes, the construction by RB STATE OF HAWAII Construction #BC-27367 of that certain Single ) 5FPA-22-0000102 Family Dwelling situated DANIELLE WHITE, ) at 4475-D Hokua Road, Petitioner, ) NOTICE OF HEARING Kalaheo, Hawaii, TMK: 4) 2-3-12-3-9, has been vs. ) completed. ) Carlos & Rachel Dela Cruz WILLIAM LAGAZO, ) Owner(s) ) (TGI1386710 9/16, Respondent ) 9/23/22) ____________________) OWNER’S NOTICE OF COMPLETION OF CONTRACT
TO: William Lagazo
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THE GARDEN
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December
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Greeattings Season’s friends from your
5
ISLAND
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B1 CC E R • KI F S O DERS R E D RAIUT S H UT OE R S VOYAG
renters
are becoming
ers homeown
have BRANDPOINT that millennials than different Baby The world is a lot up in Gen Xers and revolugrown the digital the world knew. The of smartuse Boomers of disruptive tion, widespread ride sharing a and adoption such as are just phones apps technologies rental have althat and vacation the factorslandscape. few of student the social rising and other tered prices many Unfortunately, home have hit rising debt, factors them to bea economic and left afford they millennialsthey cannot though new opfeel as of the Amerilieve that forth this Many be Road #4 out a homehome. location, priced will never have brought a great property homes to become have been and they rental price Talk about portunities home. your age, can dream sales from vacation buy a without owner. popular lots awayand Poipu to beable to matter what the average Fitwo an home In 2016, Beach But no plenty of ways just have is just Disclosure and - that’s you MortgageTrail, NMLS are $70,600 foot is a Brennecke’s for a manufactured there homeowner, creatively. the utiliVanderbilt500 Alcoa Park! home a was around per squaresoluand very Beach 3 BD 3 BA Inc., 37804, 865-380-3000, that with and last come a little more rental of $48.82 to land nance, first recent TN This you combine and lot of money average them an affordable to think vacationwith many rental to become a reMaryville, (http://www.nmlsdeposit AZ Lic. of the popular trends, #1561, ties, a rent, it’s a you will making renters looking or arNMLS The rise at current found that with living made well maintained Fimonth’son something tion to Loans California up to kitchen Looking study are now consumeraccess.org/), to upgrades. for to a GA homeowners. manufactured choose area opens in the the last spend own. #BK-0902616, The spacious cent research pursuantLaw license,#6911), “We believea great solutionaffordmany time in never of U.S. households do people and dining lounging ranged more than at any (Lic. seeking room lanai. Enjoy the stars! number So why reason is that phones, homes offer Lenders that nance Mortgage One that just like things renting With a rising households a split dining under third bedroom Mortgage worried says Vanderbilt rent? many NH Inc. Presiother realize 50 years.many have nation of rentsun or lower-level area and with Residential Residential by the don’t a able housing,” countlessbasis, homes today and Finance Illinois Licensed MT Lic. of homerenters,becoming “We work Private, own living cars andon a daily of well. Call nation Mortgage Hamilton. find financ- Licensee, Dept. we are with its entry as than a we use to help needs and Banking Department, by PA dent Eric AT changed. ers rather separate with the their Licensed mean under have OFFERED our customers that fit #1561, owners.is most evident for a tour! people 50 priorities Vol. 5, No.Banking. ing options 15, 2017to |continue MLS#612139 This inNew solution from Vanderbilt generation, Multifamily ex- December Friday, have for Week ofand circumstances.” for housing don’t RB-13451, Content Inc. a new $1,790,000 younger the National found now check The ••• new Renters a monthly As demandprices on to rise, Rick Shaw Sponsoredand Finance, own. 30, who Council have of all rentout and never and adapted doling 808.639.0774 Mortgage continue they’ll changed creases, Housing for 50 percent it’s homes housing has firsthas something isting account U.S. market because a today’s the housing change, manufactured either. manufactured of ers in aren’t renting provides option, throughthe standards and short supThey with this in up to homebuyers affordable know time options. a more residents are going for a market affordable As manycountry, rents and 2015, up solution quality, ply of out the Between 2012 has gone rent and up. gross to $959. When the median rising
Poipu 2277 Nalo
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SATURDAYS 9:30am
Kuhio
Highway,
Lihue
2017 9:30am to 2pm Saturday, December 16,Community College
–1pm
College Campus
Moloa’a Bay Chocolate
will host its holiday recital Sunday
Front Lawn of Kaua‘i
By
Co-sponsored Kaua‘i Community College County of Kauai
Save the Date!
DATED: Lihue, Hawaii, September 8, 2022
INSIDE
AY TGIFR!D ATE REAL EST
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808-245-8808 oors.com
On the Kauai Community
Homes for Kauai Flooring & Options & Lifestyles product of Styles from 1000s with you work to final installation, We budget selection your and within Insured Installation & Licensed
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YEAR’ ‘THE GREATEST TIME OF THE Holiday Fair Made ~ Chocolate! Locally Grown ... Locally
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FRIDerAY 15, 2017
DAYS SATUR 1AM 7:30-1
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PLEASE TAKE NOTICE that a hearing on the Petition for Custody, Visitation, Support Orders After Voluntary Establishment of Paternity filed herein on May 6, 2022 will be held before the Honorable Judge Presiding in Courtroom #3 at 3970 Ka’ana Street, Lihue, HI 96766 on November 15, 2022 at 9:00 a.m. or as soon thereafter as the matter can be heard. SHOULD YOU NOT APPEAR IN PERSON the Court may grant the Petition with no further notice to you. 75¢
Serving Kauai since 1902
and Niihau
••• Press Associated
HANGE SEEDS OF C
to Brothers Inc. ide g; Hartung statew l markets increase staffin commercia activities, products for nd research nt to expa scale grower of food DowDuPo production become a
s seed companie Westside in the toA.G., Kauai’s with reduction to of Syngenta iden- — starting of firms from four Kauai operations rate closely tal number of an impending a Swiss conglomeagriculture and nt had been three. Rumors GMO at DowDuPo Brothers strains. tified with shake-up over pesticide , Hartung the Dow Meanwhile seed developer that widely criticized its GMO and rife for weeks. Hybrids acquired merger of de on Kauai year by the and E.I. DuPont Inc., a leading organic and con- it use. It will continue In 2016, Beck’s of BASF Corp., activities Co. n techoperations in the process produces GMO, for farmers, said Chemical other research into productio the Kauai nal chemical and and Co., is operations ventional seeds nature of its Allan Parachini ISLAND Nemours internatio as it diversifies corporate one of the GARDEN ment an s, become a farming. dividing its changing , A8 SPECIAL TO THE nt announce divi- of three new companie y on ag- was operations and will food SEE CHANGE of of developThe DowDuPo Kauai d into — The agriculture focus exclusivel in a series n scale groweral markets KEKAHA and DuPont which will nt has announce changing productio was the third Both Dow operaoperations products for commerci beyond. that are rapidly sion of DowDuPo riculture. its Kauai in ments separate its possibly on had and expand focused major changes the previous statewide, which it will here, in- previouslyboth of which genetitions under Hartung acquired on Kauai, activities as ent of improvedand soy Hawaii research on island by developm seed corn staffing creasing percent. cally modified 50 much as created earlier this The firm,
(TGI1386652
ons side beck The dark
, Abuse victim keiki need Christmas cheer THE GARDEN
/s/ Sara L. Silverman Attorney for Petitioner 9/16, 9/23, 9/30, 10/7/22)
crowd Costumed what awaits anticipates characters their favorite night of in opening Wars movie
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DECEMBER
15, 2017
10
Days Shopping as until Christm
ds Alakai fin
a home
garden. governing for the comThe school’ssought agriculis a school eight to This that will put Kauai board of or remunity transfor- ture land, but free to be challenged education are going 21st century ed property ahead of duced-pric to find. meet those collabora- mation.” who school was proved hard skills of creativity, ations, critiby When the ago, Brittany Steinbeck, olving sly approved tion, communic 10 months to problem-s unanimou State Charter2016, moved here board cal thinking, in the Hawaii the school’s open and caring.” will be at Kahili School Commission were joinedthe charter school members help The school located year. a new school board Park, the following change the open in August past Kauai has Mountain working to KOLOA — the highway a “We’re the make this mauka of still to ending 2017. school. the school Public world needs said. “I came Maluhia Road, But in April, she BlackAlakai O Kauaicontinues ensearch. home. a happen,” lengthy many at so didn’t have space was a Charter School for a grand toA8 “We looked last couple today SEE ALAKAI, to be in the well felt green rollment its students places over students. said. a must for tal of 165 and grow and families years,” Blackwell out nature, explore children “Kauai keiki said Kani “Dr. got school. coor- “We’vewaiting for this need a choice,” principal there, B” Blackwell, school. “They the dinator of
Charter School open in 2018
set to
t John Steinhors ISLAND THE GARDEN
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