A report from the New York Times. "The coronavirus has dealt a blow to the Manhattan real estate market unmatched in recent history, and the prospects of a near-term recovery remain unclear. The median sales price fell 17.7 percent, compared to the same time last year, to $1 million, the biggest drop in a decade."

"There may be more lasting changes in the months to come. The share of all-cash buyers dropped to 41 percent, down from an average of about 50 percent over the last several years, said Jonathan Miller, a New York appraiser and the author of the report. That could have major implications for the luxury market, which had been propped up by investment buyers who typically bought without financing."

From CBS Bay Area in California. "Rents for one bedroom apartments in San Francisco in June were down nearly 12 percent from this time last year. 'Vacant units have no value coming upstream to pay their property taxes and their mortgage and that value as part of the system,' said senior Zillow economist Skyler Olsen."

"Analysts pointed to a couple of factors for the steep drops in rent, including high unemployment and more companies having employees work remotely, driving down the demand for living in high-cost cities. One bedroom rents are down 15.1 percent in Mountain View, 13.5 percent in Menlo Park and 15.7 percent in Cupertino."

The Midland Reporter Telegram in Texas. "Midland’s real estate veteran Victoria Printz remembers being in the office on March 9, one of the more significant days of in Midland housing sales downturn. 'I had 20 transactions fall apart,' Printz said of the March 9 crash."

"The market wasn’t kind to many Realtors in Midland during those months. There were 156 sales in April and 150 in May across Midland County – numbers that were down more than 100 year over year. The May number was the lowest since the Texas A&M Real Estate Center started keeping track in 2011. With sales down, inventory spiked, hitting 885 at the end of May, according to A&M."

"Printz said that the median price has stayed at about $285,000, which would be close to a $20,000 decrease year over year. 'Things are selling, where the last part of March and April it was a ghost town,' said Printz, who added that historically low interest rates and the availability of homes not seen since 2016 make it a great time to buy."

From Bay News 9 in Florida. "The Governor's extension of the moratorium on evictions comes as good news this week for renters and owners out of work, but perhaps bad news for landlords and banks who are stuck with tenants not paying rent and in jeopardy of foreclosure."

"Although that does buy people some time, Alexis Muellner with the Tampa Bay Business Journal said there may be a domino effect on the housing market in the coming months. 'How could it not be a housing crisis at this point?' Muellner said. 'Given that we have so many people unemployed, so many folks that are not going to be able to make their rent and then landlords that aren't going to be able to make their debt service.'"

"There are thousands of evictions pending right now statewide, whether it be renters or owners going through foreclosure, and Muellner says that will have a deep impact not just for owners and banks, but for local governments. ' That has a direct impact on their own economies and running their businesses because their costs are not just profit they go in to property taxes which the counties are suffering huge losses,' Muellner said."