Mating calls of coqui frogs are scaring away prospective home buyers in an otherwise hot Hawaiian real estate market. Real estate agents blame the frogs for dragging down home sale prices in an entire subdivision, according to the Associated Press.
The National Assn. of REALTORS®reports:
"In a 2004 survey of 53 Big Island real estate professionals, 62 percent of respondents said that the presence of the rapidly multiplying amphibians had an impact on property deals—in some cases causing homebuyers to pull out of purchase commitments and, in one instance, reportedly reducing property levels in an entire subdivision...at least one appraiser has suggested that coqui infestations may factor into appraisal reports once the market moderates, as buyers will favor properties that are not near the frogs—whose chirps are said to be tolerable when there are just one or two in an area but become thunderous in large numbers."
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