We’re all painfully aware that the COVID-19 pandemic is causing both human and economic damage to the world. It’s heartbreaking. As a result, buyers and sellers have been asking us what we think will happen to the real estate market in the fallout of the pandemic. The good news is that in three of the last five recessions, property values actually increased; in the fourth one, values only dropped by 2%. While we find our country going into an economic recession/depression, the situation was created by a health crisis, not a housing crisis.

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Ron Margolis, RB with the Margolis Team
Brokered by eXp
2970 Haleko Rd., #205
Lihue, HI 96766
(808) 346-7095
ron@landinkauai.com

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