Demand for Real Estate is pretty solid...The job market is going into hyper-speed and China is going to lose tons of corporations, businesses etc. which will all come back to USA... We are in an artificial recession now and will dispense with it shortly. Why? Pent-up demand! People want to go out and spend and have what that spending gives them. 

The recession we're in, was predicted 2 years ago.

We are in one and have been in phases:

Quietly since Q4 2019 and

Loudly since March 2020.

It's a "great time" to be in one, it's hardly noticed underneath all the pandemic affect. And we have financial relief being offered that never gets offered typically in a recession. But, we'll ascend out of it in phases with real estate leading the charge later this year through next year. The industry you are in and state/county will dictate when you feel the bounce back.

I don't know anyone that would be looking forward to a recessionary market.  But I think everyone will roll with it the best they can.

It Happens.

Even before this virus, it was predicted to happen.  What's to think about?  

Here is the factors. Banks still giving mortgages and more buyers than sellers. As long as those 2 things keep happening, no recession in housing. Stop lending and look out. 

I think we might have some temporary pandemic pricing, but no housing crisis.  I do however expect inflation and jumping rates in the next 3 years.

Whatever will be will be. 

I'm ready.

Not the first recession and there is always, always a real estate market. Bargains for those who saved anticipating them. Hardships for those who did not and live too large. Best time to get into the business is not an easy market... but the ones with a steep incline. You never forget lessons learned and live prepared for one around any corner. Adjust your "sales" to harness the wind in any real estate market if you want to stay in this profession.

I thnk it will rebound quickly and we'll be find by next year.

I believe it's unavoidable, but will be short.

Nope, don't believe it's going to happen. Every season we go thru this & it gets mentioned. I don't believe it's coming but after the pandemic, who knows how things will turn out. 

The key to the future of the economy is based upon two major issues.  The first is when we will be able to open businesses and the second is whether there is a second wave this coming fall.  I believe that if we are able to open businesses starting in May and being back to normal business by June first and there is no second wave of Covid-19 the recession will be short lived.  If this doesn't occur this may end up doing the most damage since the great depression.

Markets change all the time and we are used to that

What goes around, eventually comes around. Adapting and adjusting is the course!

Capitalism has a boom period every 10 to 15 years and a recession every 10 to 15 years. The first recession was during the presidency of George Washington and credit dried up and farmers lost their farms. It has been thay way ever since. History is like a boken record, it just keeps repeating itself over and over. We are due for a recession so hold on and get ready.

We need to adapt to the market of the moment.

Real estate is cyclical without pandemics; it will survive.

I don't think about it, what do you think of the bounce back being quicker than some of the talking heads say?

Hawaii being a tourist base ecomony will take longer to recover. Saying that a lot of people will still want to buy homes for a change in lifestyle. We will see with the condo market, I am hoping to see reservations picking up again. I have a B&B on my property that has been solid up till the virus hit. Now that market is dead.

I believe it will be brief as this is an artificial recesssion - nothing like the last one.

Our business is all about supply (of which we have very little) and demand, which is currently pent up and briefly paused.

I know there is not much we can do; but we can send the message out that this recession does not equal a housing crisis.  It does not mean the sky is falling and that you can get a million dollar house for $400,000.

Recessions come and go.......it's part of life! A recession's magnitude and life cycle are dependent on a society's reaction or inaction! If people "hole up" and try and "wait it out", a recession will continue to linger. The best defense to curtail the length and severity of a recession, plan ahead as to how you will conduct your business, both personal and professional.

"The cost of victory is high....but so are the rewards"  

Coach Paul W. "Bear" Bryant

I believe we are going to have a slow start but a great come back. 

Over 3 M will take longer. Low 1M is often into contract first week. 1.5-19M is taking longer often has 1 or 2 offers. If Tim Cook lays off all his employees. We still got FaceBook, Google, Linkedin, Microsoft, DucuSign, Zoom, Intel, Cisco, AMD, Netflex, Adobe, Trulia,Lockheed,Tweeter, Amazon. Getting canned work at Tesla making X trucks.