Covid To Push Hawaii Home Prices Down, Uhero Says

Home prices in Hawaii rose in most places in August, but those gains are expected to slow as the drag on the state’s economy caused by the Covid-19 pandemic creates a higher supply of homes for sale and weaker demand, according to the University of Hawaii Economic Research Organization’s latest state forecast. UHERO’s forecast, released last week, said Hawaii’s economy won’t see any “meaningful” recovery until the middle of next year under its baseline forecast and noted that the decline…

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