A report from ABC 10 in California. "There was a dip in the market, because of the unknown. But things are changing. The number of pending sales and listings in the Sacramento region is actually increasing, according to appraiser Ryan Lundquist. If you’re interested in selling, especially during pandemic, be prepared for price changes, said Tim Collom, of the Tim Collom Realtor Group. 'We've seen anywhere from a 5 to 10% dip in values of what things are actually selling for compared to the comps three to four months ago,' Collom said."

From Realtor.com on California. "Formerly known as Opus, an ultra-luxe Beverly Hills estate has changed its tune. Now renamed 1175 Billionaires’ Row, the property, which was once on the market for as much as $100 million, is back on sale for just under $60 million. Last year, priced at $68 million and still known as Opus, it topped our weekly look at the priciest properties in the country. But earlier this year, the home changed ownership. It went from real estate developer Nile Niami to Joseph Englanoff, a lender on Niami’s portfolio, the Wall Street Journal reported. With the change in ownership came a new strategy to drive a successful sale."

The Maryland Reporter. "Each week, John Peters does yard work for neighbors, shuttles friends to doctors’ appointments and works as a janito. The jobs bring in extra money used to keep the family afloat while he and his wife, Sheryl, scramble to find a lender willing to refinance their troubled mortgage. Both senior citizens in their 70s, the Peterses owe $72,000 on the small powder-blue bungalow that they have owned since 2002. But the house is worth just $48,000, meaning they are “underwater” and owe more on the home than it’s worth."

"It’s a situation that has roiled the Peters family ever since John was laid off from his job as a store clerk in 2017 after 44 years of employment. Unable to sell the house or refinance the 10% mortgage rate to a more affordable level, the couple is stuck in a quagmire that shows few signs of being resolved anytime soon. While many homeowners across the country are likely to see their home values erode, those who are already underwater are especially vulnerable, said Frank Nothaft, CoreLogic’s chief economist. 'Given that they have no equity,' he said, 'they may fall off the precipice' and into foreclosure."

"'Families are stuck. They can’t refinance, they can’t take advantage of the current market rates which are so low, so they’re stuck paying a monthly payment based on an old probably inflated home value,' said Leah Dyson, a former housing adviser at Salisbury Neighborhood Housing Services, a non-profit. 'Our families that are underwater are ten times more likely to fall behind on their mortgage, so it’s just a problem that keeps on snowballing.'"

"The Peterses have owned their home since 2002, when Sheryl’s mother died and passed the home to her free of debt. A few years later, the house and garage needed a new roof and the couple took out a home equity loan for about $30,000 to pay for the repairs. At the time, the home was valued between $80,000 and $90,000. As their mortgage grew, home values in their community dropped. What was once a middle-class neighborhood turned 'transient,' with college students and others moving into the rentals. 'The properties were not kept up like homeowners would keep up their own properties, so the values went down' Sheryl said."

The Oklahoman. "Homes sales didn't hit the skids in April, just a patch of black ice, but everyone managed to keep it between the ditches. Sales were off 8.6% last month compared with April 2019, according to the Oklahoma City Metro Association of Realtors. Denise Schroder, an agent with Keller Williams Realty Elite had a caution for sellers: 'Don't entertain any lowball offers yet. We have gotten many calls from agents just feeling us out on how negotiable the sellers are. What they really mean is how desperate are your sellers and can my buyers steal the house?'"

"Trevor Sipes, broker/owner of ShowOKC Real Estate, had another caution for sellers: 'Don't be greedy. We still have to deal with appraisers.'"

From 6 Sq Ft on New York. "We now know more about the virus and the trajectory that New York’s reopening is on. So what will the summer, typically the height of the market, look like this year? 6sqft spoke to real estate experts across the board. Garrett Derderian, CEO of GS Data Services explains:'Since the mandated ‘stay-at-home’ order was enacted, there was a steep decline in new contracts, and fewer homes listed on the market. Many homes that were previously listed have also been taken offline, as the pool of buyers has shrunk considerably.'"

"To put this into concrete numbers, Garrett reports: 'Since the start of Q2 through May 18, the number of contracts signed in Manhattan is down 82% year-over-year. The median contract price is down 13% to $990,000. In Brooklyn, the number of contracts signed is down 76%, while the median price is down 9% to $869,172.'"

"Lisa K. Lippman of Brown Harris Stevens expects to see 'increased negotiability and properties trading at lower prices' four to eight weeks after physical businesses begin reopening. 'This will be primarily attributed to properties that were listed for some time prior to the pandemic and sellers who had been carrying two properties and can no longer afford to do so,' she explains."

The Greenwich Free Press in Connecticut. "As of this Monday, the price of 4 Doverton Drive will be reduced by $505,000, bringing the asking price down from $4,450,000 to $3,945,000. This significant price reduction is meant to motivate buyers with a competitive price in line with comparative active listings in town."

The Cape Gazette in Delaware. "Time is running out as a federal lawsuit seeks an injunction before Memorial Day weekend against the state's ban on short-term rentals. Patrick J. Murray, a Dewey Beach condo owner, filed the lawsuit May 15 in U.S. District Court District of Delaware asking the court to end the current ban on short-term rentals and commercial lodging, and to permanently prevent Gov. John Carney and future governors from restricting the use of private property for unspecified or indeterminate periods."

"'For owners of properties proximate to the Delaware beaches, this restriction is a death knell,' the lawsuit states. 'For many owners, rental income from Memorial Day through Labor Day is necessary to pay the mortgage on the property for the entire year.'"

From Medill Reports in Illinois. "Panic crept in as Airbnb host Samuel Szobody lost $48,000 worth of guest bookings in the two weeks that followed Illinois Gov. J.B. Pritzker announcing a statewide lockdown on March 20. 'From April through June, all my calendars just went completely empty,' he said."

"Szobody manages nine Airbnb listings in the Chicago suburbs including Aurora, Schaumburg, St. Charles and Waukegan. Like many other Airbnb hosts, he rents houses from landlords, furnishes and sublets them on short-term rental platforms such as Airbnb, Vrbo and Booking.com. 'We have a huge opportunity to host people for the long term,' Szobody said. 'I’m doing long-term booking only.'"

From Market Place. "All the travel we’re not doing because of COVID-19, for business or pleasure, has hit the market for short-term rentals pretty hard. Meanwhile, a new report suggests some owners of those properties may be pivoting to longer-term, seasonal rentals. In the 100 largest metro areas, furnished and seasonal rentals are up 21 percent since the end of February."

"Kimberly Kent is an art broker, painter and former Airbnb host in Portland, Oregon. In March, she started renting her two studio apartments to traveling nurses for one- to three-month stays. 'We were getting about $100 a night originally with Airbnb. And what we’re getting with these folks now is $1,200 a month,' Kent said. That’s less than half what she made when fully booked on Airbnb. It wasn’t just the coronavirus; a saturated market also played a role."

From Summit Daily in Colorado. "March sales tax numbers are in, and the mid-month shutdown took a big bite out of collections as expected. Four towns, Breckenridge, Frisco, Silverthorne and Dillon saw downturns in sales tax revenue in March. This varied from about a 24% decrease in Silverthorne to a 49% decrease in Breckenridge. The town of Frisco finished March with a 25% reduction in sales tax revenue compared with March 2019. 'It is no surprise that Vacation Rentals and Hotels & Inns and Recreation were the hardest hit in terms of dollars,' the town’s sales tax report read."

From Short Term Rentalz. "The founder and CEO of Washington state-based apartment rental startup Stay Alfred, Jordan Allen, has confirmed the business is closing down permanently, a month after ShortTermRentalz revealed it had ceased trading and closed its social media accounts. Stay Alfred had raised around $60 million in funding, with its most recent round coming in at $47 million in October 2018. Allen said he and his leadership had been seeking new funding of up to $30 million as recently as March but the global lockdown caused by the coronavirus pandemic, coupled with investor interest failing to materialise into an offer, forced the startup’s hand."

"Since news broke of Stay Alfred’s troubles, the startup initially came up with a strategy to retreat to one or two buildings they were leasing, even though its website indicated bookings were still on hold for the foreseeable future. 'My heart’s broken in a lot of ways,' Allen told the Spokane Journal. 'We were trying to sell off assets, but there just aren’t a lot of buyers out there.'"