The state of Hawaii is currently under an eviction moratorium through November 30, 2020. While there are other moratoriums that may apply (i.e., certain loan types or the CDC), for this
The Effects of COVID-19 on Hawaii Real Estate. Part 1
Dated: April 26 2020
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What's our market doing after a full month of COVID-19 Stay at Home Orders?
Here are our market conditions for March 2020:
Here's what we did in April 2020:
I think a few things will continue to influence our market as we climb our way out of the COVID-19 real estate dip:
1. Military PCS delays and cancelations;
2. Strict lending requirements - including last minute verifications, no credit for unemployment, and no concessions for furloughed employees who have a return date;
3. The idea of traveling home to home in the age of COVID-19 is intimidating to most, and those who don't "need" to make a change, will likely not choose to make the change.
Kasandra Shriver
Kasandra Shriver started her career in real estate 2012, and joined HomeQuest, Realtors LLC in 2014 where she is a Broker. Kasandra is both a homeowner and investment property owner and has the pro....
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