COVID Housing Market Correction?

[Bryan K.]

Seeking local real estate professionals' expertise - have you seen any meaningful price corrections in your markets? I have casually browsed a few and lo and behold housing prices have remained largely stable. I can understand the rationale for certain markets ie LA, NY, Seattle, etc. However, Vegas properties staying stable? That's baffling as layoffs/unemployment came hard and fast. Surely defaults must have risen. Disclosure the properties I have been viewing are >$400K and the price corrections could be concentrated in the low income housing segment. Thoughts and views?