Right now I'd be looking for local governments' response to coronavirus to see who's going to be insane when given a chance and who's going to be pro-business. 

Some of these will be hit by the coronavirus but others will not.

Things are happening unprecidently fast.Source: https://www.usatoday.com/story/money/2020/05/21/coronavirus-mortgage-delinquencies-surge-1-6-m-april/5231835002/

While more than a million jobs have been lost in New York and an estimated 80,000 New York businesses may not make it to the end of the Chinese coronavirus pandemic, Gov.

I am not in the SF area so I can't say from personal experience but from what I read online and from news source the out migration trend from super expensive coastal cities like SF, NJ, NY, LA have been in motion for years and now with coronavirus and work-from-home being made permanent at many companies one would assume the trend will accelerate years to come. 

They seem to operate a bit like the stock market... they can get spooked by world events and need time to settle back into certain products that to us seem "normal".I went to another bank we use and where they hold one of our mortgages and they said, "We have the product, we just aren't writing it right now"... which leads me to believe it's a pretty standard pullback given the concerns over how the corona virus will impact any particular market segment.  

@Luke Ski in my opinion our economy was in pretty good shape pre Corona virus.

I put a very small leveraged short on commercial RE however the logic behind that trade was in place before coronavirus.

Tenants expect free rent due to Coronavirus and they do not realize that Landlord has also expenses and commitments.

Kevin, it's too early to tell what effect the coronavirus will have a prices for short term rentals.