We're in unprecedented times indeed. 

We have seen unprecedented demand for building materials over the last few years, and our area is considered a very fast growing area.

The COVID pandemic has caused dozens of formerly ubiquitous retail chains to declare bankruptcy and shutter stores, leaving an unprecedented amount of vacant commercial space.

We're certainly in unprecedented times. 

Eviction moratoriums may be unprecedented on a nationwide scale, but they're indicative of power plays in real estate and urban development that have been around for decades on a limited scale, especially in NYC.So, I would tell the OP to not listen to anyone who doesn't have enough historical background about Robert Moses and the New York politicians who were not only influenced by him, but have been going by his playbook for years now.

COVID-19 is unprecedented territory and there will be some that take advantage of this to not pay rent or not vacate a home even after being provided with notice.  

So much cash creates unprecedented liquidity that allows them to get in and get out and leaves the rest of us hanging.

Hedge funds have been busy collecting cheaper assets for higher return, but I believe sooner or later, dearth of liquidity will push them to the aforesaid newer building market.On the other hand, smaller cash investors have begun to take this unprecedented opportunity since a year or two ago.

Evidently, all market participants have realized this and as a result the inventory is dwindling to a multi-year low.IMPO, once a resolution of fiscal cliff is reached, The unprecedented enthusiasm of the investors will engender another large storm of buying!

The issue is unprecedented and astronomical increases in flood coverage -- particularly in the case of new buyers.