Captain details housing market's rise/decline - KUAM.com-KUAM News: On Air. Online. On Demand.

Captain details housing market's rise/decline

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by Nick Delgado

Guam - President of Captain Real Estate Nick Captain says the status of the housing market on Guam is substantially tied to the progress of the military buildup. He detailed how the housing market has shown a significant decrease in the past several years during today's Rotary Club meeting.

Captain adds that there has also been a 40 percent decline in the value for private and Government of Guam construction. "The numbers associated with the military buildup are just off the charts," he noted. "I think it's really impossible to try to figure out what type of impact that it will be but it will be extremely dramatic."

Captain also told the Rotary Club that the real estate numbers are expected to reach its highest peak in about seven years.

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