However, this shows that buyer demand in Austin certainly hasn't collapsed in the face of COVID.There are a number of reasons that help explain this current dynamic, historically low interest rates being one of them (see below).  

I imagine a impending exodus of people and an ensuing market collapse here.

Later learned this afternoon that is likely a total loss (Roof Collapsing, gutted inside, walls falling in, etc...)

It looks like someone finally came last week to clean the ceiling collapse debris off the floor but that was it.Anybody have any insights on whether or not FNMA would spend money to make repairs on a home where the HVAC is dead, electrical box is out of code, electrical fixtures are down from ceiling collapses, pipes bursts, appliances and toilet ripped out, and more?

It just means status quo.They will do anything to keep the economy going so all those guys waiting for hyperinflation or those people calling for the collapse of the economy will have to wait longer cause the gov't simply won't let it happen.

Its been a stable economy and we weathered the economic collapse better than most.

Big funds are the ones who should worry about liquidity collapse.

Jon Klaus-smart guy....did you find it on the income stmt ;-)A personal commercial loan guarantee, due to the market collapse and the property losing 70% of it value as the loan came due.

Also, another opportunity may be in looking at builders hit hard by the real estate collapse, that can use a financial infusion.

I got burned on one a few years ago and it cost me over 3K to put in a new tank (mine was ancient and had collapsed on itself).