A report from the Columbia Missourian. "Local short-term rentals such as those offered on Airbnb have seen few or even no renters throughout Missouri and Boone County's stay-at-home order. The loss of income affects owners' ability to pay bills. Alyce Turner offers a two-bedroom, one-bathroom private apartment near MU through Airbnb. At the end of March, Turner had $1,300 worth of bookings through April and May. Since then, she all her bookings have canceled. About one-third of Turner's income comes from her Airbnb rentals. She said she could run into issues making mortgage and utility payments if trends continue."

"Turner now has only one booking, in June. She said 'everything revolves around the university,' so the cancellations of end-of-semester events — along with stay-at-home orders — caused a downturn in April and May bookings. Only time will tell if the opening of economies and the lifting of stay-at-home orders will boost the number of short-term renters. 'I think we’ll start seeing more, but it will be a whole lot less,' Turner said."

The Oregonian. "Long before the coronavirus pandemic crushed the economy and slowed real estate sales, some high-priced residential properties were lingering on the market. Asking prices were dropped and negotiations took place to close the deal. $350,000 price drop in Forest Park: 621 N.W. Skyline Blvd. in Portland sold for $850,000 on Feb. 28, 2020, a reduction of $350,000 since being listed for $1.2 million on April 24, 2018, according to public records."

"$234,000 price drop in Forest Park: 2524 N.W. Skyline Blvd. in Portland sold for $1,465,000 on March 25, 2020, a reduction of $234,000 since being listed for $1,699,000 on June 24, 2019 (It was listed at $1.9 million on July 30, 2018). $195,000 price drop in Forest Park: 13731 N.W. Glendoveer Dr. in Portland sold for $1 million on April 15, 2020, a reduction of $195,000 since being listed for $1,195,000 on April 6, 2019."

The Vancouver Sun in Canada. "One of the most important insights into debt and the future of urban Canadian housing comes from Anthony Scilipoti, president of Toronto-based Veritas Investment Research Corp. Scilipoti’s researchers have discovered that half the country’s property investors (such as the tens of thousands who have bought condo units in towers to rent out) aren’t getting enough cash from tenants to cover their mortgage costs. 'There’s only so long they can hold on,' he says, before being forced to sell."

The Georgia Straight in Canada. "Over social media, there's are hints of how brutal things have become for vendors not in the mood to wait. For example, a vacant parcel of land at 5644A Westport Road in West Vancouver sold on April 22 for $1,075,000.The asking price was $1,495,000. That's not all. The assessed value was $2,124,000 in 2019, meaning the recent sales price was 49 percent lower than that. That's not the only apparent fire sale. Below, you can see examples of some other signs of a distressed Metro Vancouver housing market."

The Canadian Press. "Stephen Glaysher, a realtor who runs a site called MLS Sold Data, said he expects price declines to be moderated as homeowners defer or restructure payments and foreclosure and power-of-sale orders are at least a year away since courts are currently closed. The lack of new listings is also helping to prop up prices, though current listings could see some downward pressure on prices, he said. 'It's not the right time to sell right now. So if you do see a listing coming out, you assume it's someone who's motivated to sell.'"

From Burnaby Now in Canada. "People laughed and choked on their morning coffee recently when it was reported that Airbnb actually had the gall to lobby the Canadian government for financial relief and tax breaks for its hosts. In Burnaby, we’ve seen how much of a panic these hosts are in because they have flooded the local rental market with 'furnished' units that are offered on a month-by-month basis. Sorry, but I have zero sympathy. Airbnb was originally pitched as a way for people to rent out a spare bedroom once in a while to make extra money."

"Today, it’s people running their own mini-hotel chains. I’m sorry you are mortgaged to the hilt, but you’ve exploited our housing market for years so bye, Felicia. Don’t expect taxpayers to care."

From Nine News in Australia. "An oversupply of vacant apartments and homes and a lack of demand has seen rents slashed across Sydney. A two-bedroom apartment literally across the road from Bondi Beach has been cut from $920 a week to $650. On the other side of the harbour in Manly, a two-bedroom, two-bathroom unit with parking is reduced by $300 a week to $500 for the first six months. Zero tourists, no immigrants, a flood of properties that were once used for Airbnb and new apartment blocks being completed have created a massive oversupply of units when demand is simply not there."

"Real estate agents say it's dire. And they're having to slash asking rents to attract tenants. 'We've seen in some situations up to 25 to 30 per cent drops on some properties,' said agent Ric Serrao of Raine & Horne Double Bay. Our suburbs now littered with For Lease signboards."

From Domain News in Australia. "Home buyers and sellers fought a tug-o-war at painstaking online auctions on Saturday as price expectations from both sides diverged. There were just 211 properties scheduled for auction in Sydney on Saturday and while there were many vendors with unrealistic expectations in the current market, there were also reluctant or bargain-hunting buyers. In Melbourne, buyers’ and sellers expectations’ were also mismatched with vendor bids placed to get sell-offs started and interested parties reluctant to raise the price."

"Listing agent John Arroyo said sentiment had changed from the end of March to the end of April, with more inspections happening, although prices had dropped about 5 per cent in the local area and some vendors still holding on for 'pre-corona prices.' 'Most [sellers] come down,' he said. 'Some buyers come up.'"

The Otago Daily News in New Zealand. "Despite rental prices in Queenstown dropping by about 30%, it is too early to tell what the impact of Covid-19 will be on the longer-term residential property market. Queenstown Lakes Community Housing Trust executive officer Julie Scott said some of those on a 600-strong waiting list would drop off — either because they had left the district, or because they could now afford market rents. 'I, personally, think the rental market was overpriced and needed a reset, so I think that’s really positive.'"

The Times of London in the UK. "Tucked away at the back of Lloyds Banking Group’s first-quarter results this week were some startling figures. If the economic crisis were to seriously worsen, it said, house prices could fall by 10 per cent this year, then by another 10.9 per cent in 2021, then by a further 12.9 per cent in 2022. Overall, property values could fall by 30.2 per cent over three years, which would be unprecedented in modern times. The peak-to-trough fall in house prices after the banking crisis in 2007-09 was 19.4 per cent, according to Nationwide."

"The projected fall would send the value of the average home sliding from £223,000 to £156,000, reducing the wealth of the average owner-occupier by £67,000. Scaled up across the country, about £2.2 trillion of household wealth would be wiped out. Forced sellers would be hit, too. Evidence of financial stress is mounting already. Between March 25 and April 8, more than 1.2 million borrowers had requested mortgage holidays, according to UK Finance, the trade association. Owner-occupiers furloughed on 80 per cent pay or the self-employed with no money coming in have quickly become vulnerable."

"For house prices to have taken a big dive would have meant that the economy had already cratered, but a weakened housing market would add to the downturn. The “wealth effect” has been a potent driver of the economy for decades. Consumers feel confident to spend when their homes are rising in value. A crash would reverse that effect."