A report from the Center Square on Florida. "Florida home sales have declined between 30 percent to 40 percent statewide since mid-March, with new listings for single-family homes down 3.6 percent and condo-townhouse properties down 10.4 percent compared with a year ago, Florida Realtors said. 'The prices won’t fall as much as they did last time when there were so many houses to choose from,' Florida Realtors Chief Economist Brad O’Connor said. 'We haven’t seen a bunch of people leaving their houses on the market and selling for a lower price. What they’re doing is pulling their houses off the market for a couple of months and waiting for all this craziness to go away, and then they will try to put their homes back on the market and sell for a similar value to what they have it posted for now.'"

The Real Deal on Florida. "A condo at Zaha Hadid’s One Thousand Museum is heading to auction next month without a reserve. W. Bruce Lunsford owns the unit, a half-floor condo at 1000 Biscayne Boulevard. It was previously listed for $7.1 million. Lunsford paid $6.3 million for the unit in 2019."

The Miami Herald in Florida. "South Florida Airbnb hosts have been particularly hard-hit. According to a 2019 study by financial advisory firm IPX 1031, Miami Beach is the per capita leader of Airbnb in the entire United States, with 3,416 listings per 50,000 people. Miami was No. 6 with 1,034 listings, Fort Lauderdale ranked No. 8 with 1,016 and Hollywood was No. 10 with 984. This, even though Airbnb and other short-term rentals are illegal in many parts of the area."

"'We’ve tried to be as accommodating as possible to the guests, but on the host side, there’s a pinch being felt because a lot of these folks rely on this income to pay their mortgage and everyday expenses,' said Tom Martinelli, Policy Director for Airbnb. 'They’re not exempt from these difficulties. That’s the hardest part for us, to make sure our community can stay afloat.'"

From KOAA in Colorado. "Julie Hernandez, a landlord who founded L & J Home Improvement, says in her case, 25% of her tenants have stopped paying rent and she wishes there were more resources out there. 'It's not right for landlords to have to carry the burden of the community,' she pointed out."

"Just like an ecosystem disrupted, when rent payments stop it ends up affecting a lot of people. 'When residents don't pay their rent, we can't pay our employees who have families and maybe mortgage payments or rent of their own,' Michelle Lyng, a landlord and spokesperson for the Apartment Association of Southern Colorado explained. 'That could put us in jeopardy of foreclosure which would mean that location may not be available for housing at all.'"

The Crozet Gazette in Virginia. "At quarter’s end there were a total of 48 sales in Crozet, down 14% from the same period the year before. But what also dropped were prices, with the average sales price for all homes in the quarter dropping 6.5% to $419,000. Average days on market for resale properties rose to 78, an increase of 30% over last year. This could be from initial listing prices being too high, which can stifle demand."

From Seattle PI in Washington. "There are sectors of Seattle’s housing market that seems to be riding out the pandemic wave with competitive buying activity, but condo sales was not one of them. At least not in April. Seattle’s condo market took a whopping across the board in April with year-over-year (YOY) slumps in inventory, sales and prices. Citywide, the median sales price for Seattle condos dipped 5.25% YOY, and 3.3% from the prior month, to $469,000. If there was one bright spot, at least for buyers, condo inventory continued to seasonally trend upwards, increasing 11.9% over March to 422 units."

The Houston Chronicle in Texas. "A sprawling modern Houston home is on the market for nearly $5 million less than its original listing price. The 21,738-square-foot home located at 9030 Sandringham Drive is now available for $19,950,000, according to a listing on the Houston Association of Realtors. It went up for sale at nearly $25 million in Dec. 2019 and was the second-most expensive residence listed for sale in the Houston area, the Houston Chronicle reported."

From KRON in California. "Zillow economist Skylar Olsen says the nation is seeing more high-end homes listed on the market than any other kind.​ Possibly a sign sellers believe more buyers are looking to make a purchase.​ Last week in San Francisco, there was a 12.4 percent increase in high-end home listings and a 13.3 percent increase in more affordable listings.​ During that same time period in the South Bay, there was a 76.7 percent increase in expensive listings, compared to a 25.1 percent increase in more affordable homes.​"

"'From frustrated years, home shopping seasons with low-low inventory, there were probably enough buyers reaching major life stages of home ownership, that it behooves them to look at this time,' Olsen said. "

From Palm Springs Life in California. "Home prices and inventory appear stable in the Coachella Valley, and indicators — such as leads, showings, and offers — suggest the COVID-19 pandemic is having little effect on the local real estate market, experts said Tuesday during an industry webinar. 'Ladies and gentlemen, we are not in a real estate crisis,' Brady Sandahl of Keller Williams told the audience."

"In the Coachella Valley, Michael McDonald of Market Watch beamed, 'Inventory remains contained. There’s no rush to sell or put homes on the market.'Inventory is not increasing, yet,' he explained. 'If it doesn’t rise, it’s a good sign.' Likewise, the price per square foot appears stable — $244 a year ago and $238 on May 1."

"'It comes down to whether a home is priced to sit or sell,' Sandahl says. Someone who’s motivated to sell will likely get the asking price in or around the unchanged average length of time on the market. But a seller hell bent on fetching a premium price might need to be more patient."

From Mortgage Orb. "The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.36% of all loans outstanding at the end of the first quarter of 2020, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. 'The mortgage delinquency rate in the fourth quarter of 2019 was at its lowest rate since MBA’s survey began in 1979. Fast-forward to the end of March, and it is clear the COVID-19 pandemic is impacting homeowners,' says Marina Walsh, MBA’s vice president of industry analysis. 'Mortgage delinquencies jumped by 59 basis points – which is reminiscent of the hurricane-related, 64-basis-point increase seen in the third quarter of 2017.'"

"'The major variances from the fourth quarter of 2019 to this year’s first quarter are tied to the increase in early-stage delinquencies for all loan types,' she adds. 'For example, the 30-day FHA delinquency rate rose by 113 basis points, the second-highest quarterly ramp-up in the survey series. The 30-day VA delinquency rate rose by 78 basis points – the highest quarterly increase.'"

"'Mortgage delinquencies track closely with the U.S. job market. With unemployment rising from historical lows in early 2020 to a record 14.7 percent in April, it is inevitable that mortgage delinquencies would increase as well,' Walsh says. '33.5 million U.S. workers applied for unemployment benefits in the past seven weeks, and with signs of economic distress continuing into the second quarter, mortgage delinquencies will likely further increase.'"

"According to Walsh, there may be a flattening in foreclosure starts in future quarterly surveys due to COVID-19-related foreclosure moratoria and borrower forbearance guidelines under the CARES Act. Almost four million homeowners are on forbearance plans as of May 3, but MBA’s survey asks servicers to report these loans as delinquent if the payment was not made based on the original terms of the mortgage – in the same manner that delinquency data is collected during natural disasters."

"'Once foreclosure moratoria are lifted and forbearance periods end, borrower repayment and modification options, combined with year-over-year equity accumulation and home-price gains, may present alternatives to foreclosure for the millions of distressed homeowners affected by this unfortunate pandemic and economic crisis,' Walsh says."