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May 2020

Found 4 blog entries for May 2020.

agent spotlightFrom the moment they came to Hawaii in 2004, Kurt & Kirsten knew they had found their paradise. Kirsten was working as a real estate assistant and Kurt was in the software industry before moving to the island from Illinois. They were looking to get out of the rat race and were tired of working in a business suit and tie workspace. When they landed in Hawaii they traded the business suit for a swim suit and started a snorkel business at Kahaluu Beach Park. While working at the beach, Kurt injured his back and had to get back surgery. While he was recouping, he decided to get his real estate license. He started working in real state once he was recovered and he would come home and tell Kirsten how much fun he was having working with clients, going to

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In what traditionally is a busy few months for the Hawaii real estate industry, last month Oahu saw double digit decreases in new listings and sales closed. According to figures just released from the Honolulu Board of Realtors, the Housing Market has begun to see a widespread impact across Oahu from COVID-19. President of the Honolulu Board of Realtors, Tricia Nekota, commented that “sellers and buyers are exceedingly cautious as they juggle their perceptions and the reality of economic security amid these uncertain times. Once consumers begin to feel some relief from the impacts of the pandemic, it’s likely we will see listing and buying activities slowly increase.”

Statistics confirm that we are seeing many homeowners refrain from putting their home

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In his recent presentation to Hawaii and Kauai Island Realtors, Economist Paul Brewbaker called the pandemic a “Black Swan event – rare, unpredictable and impactful.” He went on to say that trying to forecast such an event is not possible, since we have never seen a situation like this unfold. The Hawaiian economy has taken a difficult hit with a reported 29% of workers filing for first-time unemployment since Mid-March. With tourism in Hawaii essentially on hold, mainland buyers are having to rely on virtual tours and showings if they want to move forward with their purchases. For many buyers, not being able to view the property in person is bringing their real estate searches to a pause. For other mainland buyers, the pandemic has motivated them to make

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As we enter the second full month of the stay-at-home order here in Hawaii, we continue to adapt to the changes happening around our local Big Island and Oahu community. At the same time that we are staying physically distant, we feel the need and have a desire to support the businesses that keep our local economy moving along.    

SHOP LOCALLY / Hawaii has a talented pool of local artisans and small-business owners who rely heavily on tourism to keep their businesses afloat. Our ohana at LUVA Real Estate recognizes the importance of small-businesses and feel that the locally made and carefully curated products that they sell are part of what makes our community unique. We don’t want to see them go away! Our agents are supporting our Hawaii economy by

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