The Effects of COVID-19 on Hawaii Real Estate. Part 1

Dated: April 26 2020

Views: 7

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. 

Blog author image

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....

Latest Blog Posts

Eviction Moratorium - What is means for Landlords and Tenants - and Why BOTH are struggling.

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

Read More

Lowest Mortgage Rates in History: What It Means for You as a Homeowner or Buyers

Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many

Read More

Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers

Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many

Read More

Honolulu Property Tax Rates for Fiscal Year 2020-2021

Property tax rates for 2020-2021 did not see much change.  Owner occupied residental rates remained the same.Here is the table of Honolulu property tax rates for the fiscal year July 1 2020

Read More