A report from Q 13 Fox in Washington. "The month of May in Seattle is traditionally a busy travel period. The summer peaks are when Airbnb hosts were accustomed to raking it in. 'We were all booked up,' said Scott Weaver. 'April and May was full of people. We were ready to go and then along came the lockdown and the guests just all disappeared overnight.'"

"Instead, Weaver chose to shutdown his two Airbnb properties and is turning to long-term tenants for the next year. 'It hurts but we get by fine,' said Weaver. 'For a lot of Airbnb hosts, it is a significant portion of their income. You’re going to have hosts that can’t pay their mortgages, and again you’re going to have businesses that disappear overnight.'"

From Spectrum News on Florida. "We are now two weeks away until foreclosures and evictions resume, putting tens of thousands of residents at risk of losing their homes amid the coronavirus crisis. Yovanna Ortiz reached out to us after she says her 85-year-old mother’s condo was foreclosed on and then sold for $100 on April 21. Spectrum News confirmed that sale on the Orange County Clerk of Court website."

"Ortiz became emotional when describing the past month: 'It’s like a nightmare. It’s like a nightmare thinking that my mom is going to be without a roof.' Having to support her family of four, including her husband with cancer, Ortiz says she simply doesn’t have the room or means to move her mother in."

The Real Deal on Florida. "With the first days of May ticking by, homeowners and condo associations are keeping a close eye on monthly collections. They’re preparing for nonpayment, as owners and renters struggle to pay their bills. More than 1 million people in Florida have filed for unemployment, according to figures released by the state. The tourism, hospitality and retail sectors have been devastated. And for those newly unemployed, monthly or quarterly condo or homeowners maintenance fees may not make it to the top of their list of priorities."

"Depending on how long the economic impacts of the pandemic linger, some buildings and housing communities will suffer as a result. South Florida real estate attorney Dennis Eisinger describes it as a tricky balancing act between funding operational costs and having compassion for unit owners who may be struggling financially. 'We anticipate we’re going to start seeing the impact come June, July and beyond,' Eisinger said. 'We may be in for some very difficult times over the next couple of months, potentially [the next] couple of years.'"

"'April may not be the first month we start feeling the strain. It may happen in May, June, July,' added Siegfried Rivera attorney Roberto Blanch. 'It’s almost like you can see the tide, right? The effects are going to be somewhat delayed.'"

From ABC 15 Arizona. "Weeks without a paycheck has put many Arizonans behind on their mortgage. Roselynn Farrell of Prescott Valley says she one of them. The mom of four is furloughed from the dental office where she works and says she doesn't want to chance going into work any way since one of her sons has an underlying condition that put him in the hospital three times in March."

"Despite the stress, she and her husband thought their mortgage was taken care of. She says she was told the missed payments would be tacked on the end of her loan. But this past Sunday morning she got a rude awakening. 'I open my front door and I saw a hand written letter with my name on it, no stamp.' She said the letter was from her mortgage company. Roselynn provided ABC15 a copy of the letter. It began 'Dear Homeowners, your mortgage payment is now 60 days or more past due and your loan may be referred to foreclosure.'"

"'(I'm) thinking this must’ve been something they accidentally sent out,' she said. It wasn't. Instead she says a representative from Shellpoint Mortgage Servicing told her, 'because I have a particular FHA loan they said I wasn’t eligible for the deferment.' That meant March, April, May and June would due in one lump sum on June 1. 'The average American just doesn’t have that sitting in their wallet,' she said."

"Roselynn isn't sure what to believe so she is checking with loved ones to see if she can borrow enough money from them to make the lump sum payment. 'I have a lot of family and it’s just something that’s gonna have to be done. This house cannot be foreclosed on. But the amount of shame that I have, the embarrassment to execute this plan. It’s high,' she said."

The Mountain Democrat in California. "In last week’s column I suggested the real estate industry should adopt an emergency policy of 'no new listings.' Agents should not be introducing clients to unknown home environments and risking exposure to the coronavirus. As I anticipated, after that column was published, my email was flooded with comments from agents on both sides of that issue."

"The second most frequent batch of emails were from homeowners with concerns about the direction of the real estate market. Some folks are considering selling and have put plans on hold; others fear a loss of equity and want to list their homes before values collapse. Here’s what I’m thinking: The short-term outlook isn’t pleasant. Confidence and economic prosperity drive home sales. Both, like toilet paper and paper towels, are scarce today. Adding an excessive amount of new inventory from anxious sellers — with reduced demand — will drive down prices."

"LendingTree chief economist Tendayi Kapfidze thinks that the U.S. might see a complete 'shutdown in the housing market.' In a recent interview, Kapfidze noted that the U.S. real estate market could be in for a 'rude awakening and a drastic impact.'"

"Multifamily real estate is in trouble. Excessive regulations, rent control and the potential loss of the Proposition 13 property tax advantage, have already lowered investment returns and valuations. That’s going to get worse. Locally we should expect 2020 residential sales to be down 30% from last year and prices to fall 15%. Pending sales (new escrows) have declined 60% from this time last year and prices are falling. The median closing price for a county home last month was $515,000. Those were deals signed off in January and February. Pending sales for April are at $450,000."

From Buffalo News in New York. "Shannon McNichol and Janeen Bolender picked a tough time to start up their new venture. As the rest of Western New York was learning about social distancing in March the two real estate agents went forward with plans to launch a boutique brokerage firm aimed at the area's high-end housing market. It was a big risk, considering the timing. Still, they were confident enough in their concept, and felt that the need was great – especially now, for formerly high-earning homeowners who are suddenly jobless and desperate to get out of homes they can no longer afford."

"Luxe Real Estate Advisors, which McNichol and Bolender jointly own, is targeting its services toward buyers and sellers in the region's most upscale communities, such as Spaulding Lake and Spaulding Green in Clarence. But the impact of the pandemic has also given them a different purpose. 'People still have to buy and sell homes, and people might be losing their homes. We want to be on the front lines of helping people,' Bolender said."

"In particular, she said, the duo see an opportunity in helping homeowners who can no longer afford to live in luxury homes because they've lost their jobs or had their finances disrupted due to the pandemic. That includes those who took on significant debt – perhaps on top of what they already owed – but no longer have the high income to cover the payments."

"Those homeowners need to downsize, either to a smaller house or even to an apartment. Bolender said she has two clients who may have to sell because they are 'fearful of not being able to support that house anymore.' She also has an $800,000 listing in East Amherst and 'several in the pipeline that will go live when this is over.'"

"'People didn’t have a backup plan,' she said. 'It’s a lot of lessons learned, a lot of tears, but a lot of growth, too.'"