A report from the Oregonian. "'I’m still writing offers,' says real estate agent Adam Elliott. 'Motivated sellers are dropping prices and if you’re 100 percent sure you’re not losing your job, now is the right time to buy. Agents all over Oregon are quickly getting clients into escrow because there are deals to be had.'"

The Wall Street Journal. "After grappling with sluggish market for more than two years, developers of New York City’s most luxurious condo towers are now confronting the unprecedented fallout of the coronavirus epidemic, which has ground construction, and many of their sales efforts, to a standstill. The virus has compounded the struggle for developers, who already faced a decline in foreign buyers and an oversupply of new projects at the high end of the market. Previously, buyers of high-end New York City condos were already 'catching a falling knife,' said developer Ian Bruce Eichner. 'Now, they’re catching a falling sword.'"

From Arlington Now in Virginia. "These are uncertain times and we’re starting to see volatility in many aspects of our lives. In our own little nook of the online world, our Just Reduced numbers have spiked big-time in the past week, more than doubling to 20-plus reduced-price homes in Arlington County alone. Could this be a sign of even more uncertain times ahead? Is it now a buyer’s market, given sellers appear more willing to budge up front and, perhaps, down the line?"

From Community Impact in Texas. "According to Ebby Halliday realtor Rosie Humphrey-Donohue, who specializes in the Richardson market, home sales in the area have plummeted. 'It is way, way down,' she said. 'I think that people are worried about their jobs and the economy.' According to Donohue, homes that are selling are in highly sought-after neighborhoods and are move-in ready. However, those properties are going for between $10,000-$15,000 less than they would be under normal circumstances, she said."

"'They are really having to be priced at or below market [value] to move during this time,' Humphrey-Donohue said."

The Associated Press. "When Rebeka McBride and her husband put their home in Washington state on the market in early March, the coronavirus outbreak was just taking hold in the United States. They managed to hold two open houses and a smattering of private viewings before accepting an offer. But with the U.S. economy now collapsing, the family is less confident about their move to a Minneapolis suburb, where McBride sees brighter job prospects in her field of medical device research. She worries that their buyer will pull out before closing."

"And for her own new home, she’s using virtual tours but isn’t inclined to make an offer without seeing a home in person. Worse, McBride is suddenly worried about job prospects amid mass layoffs, forcing a reassessment of what she and her husband can afford. 'I’m nervous the layoffs and change in economy will cause the bottom to fall out,' said McBride, the mother of a 4-year-old."

From Curbed San Francisco in California. "'Since the shelter in place was first initiated a couple weeks ago, the market nearly overnight shifted to a buyer’s market,' Justin Fichelson, a San Francisco-based Realtor tells Curbed SF. 'Sellers by and large have had to decide to either remove their listing from the market or to adjust their price expectations.'"

"'In the transactions that we have closed since the original shelter-in-place order (about ten in total), approximately a third of them were renegotiated in some form by up to a 5 percent discount,' Nina Hatvany, a Realtor with Compass, told Curbed SF. 'I believe we’ll see prices drop by as much as 10 percent, particularly at the level of homes priced at $4 million and up. The under $2 million market should still remain strong as inventory is so low and demand is still high. I anticipate we’ll see some price drop at that level, but more like in the 5 percent range.'"

From NBC Bay Area in California. "According to Zillow economist Jeff Tucker, home sales across the Bay Area are down about 35 percent from last year at this time. And Tucker said many buyers and sellers are waiting to see what home prices will do? Will they drop as banks like Wells Fargo cancel jumbo loans — a cornerstone of the Bay Area expensive home buying. Agents are also worried banks will tighten up lending as they did during the 2008 Recession — making it more difficult for families to qualify for funding. Tucker said the Bay Area’s tech workers typically rely on stock sales to purchase homes - and with stocks taking a beating over the last month that could also impact sales."

From Axios. "The $2.2 trillion coronavirus stimulus is helping existing homeowners but also causing dislocations in the U.S. mortgage market. This, combined with the pandemic, is weakening access to and demand for mortgages even with rates at record lows. Many first time buyers and those with mortgages insured by the Federal Housing Administration or so-called high-balance or jumbo loans, 'are going to see higher rates,' Mike Fratantoni, chief economist at the Mortgage Bankers Association, tells Axios. 'And there is a point at which they’re just not going to be able to get a loan from nearly as many lenders as they would have three weeks ago.'"

The Wall Street Journal on Nevada. "Hector Padilla lost his Las Vegas house after the 2007-09 recession. It could be happening all over again. A 50-year-old former construction worker, Mr. Padilla helped build the Bellagio, Mandalay Bay and Venetian casinos on the Strip, which has been a ghost town since shutting down amid the new coronavirus outbreak. He was laid off March 16 from his most recent job, as a building engineer at Meruelo Group’s Sahara casino. He spent several days on the phone, trying to find out why he hadn’t received an unemployment payment, which arrived Monday, two weeks after he filed his initial claim."

"'I try to make all the right decisions,' Mr. Padilla said. 'I earn my money honestly, and it doesn’t seem like it’s doing any good.'"

"In Nevada, where casino companies reign, an estimated one in three workers is directly or indirectly employed by the leisure and hospitality industry, according to analysts. Las Vegas’s economic downturn during the recession of 2007 to 2009 was deeper and longer than in many other U.S. metro areas, said economist Stephen Miller at University of Nevada, Las Vegas. 'It looks like that will be the same case this time around,' Mr. Miller said."

"Mr. Padilla, who has a 16-year-old son at home and a 22-year-old son serving in the military, said he contacted his mortgage lender and was told his payments could be deferred for three months—but the total deferred would then be due in a lump sum. 'Did someone forget to tell the banks we’re all in this together?' he said."