Real income (inflation adjusted) is falling, interest rates are rising, Consumer confidence has plummeted and EVERY spike in energy prices in the last 50 years has resulted in a recession.  

To answer the question in your subject line, I'm going with Scottsdale (yes I'm biased, I live here lol).Prices skyrocketed around Scottsdale after the pandemic, and they have plummeted around here over the past ~8 months or so. 

If the CDC makes up a pandemic, oh like calls it Covid or something, and all travel and vacationing stops, and occupancy plummets how will you cover expenses?

I say this for two reasons: first, the lenders learned from ten or so years ago that to have too much inventory from foreclosure the property values will plummet; second, two years ago I bought a house where the owners had a second mortgage that was their arrears rolled into it (and they had to come to the settlement table with close to $60K to pay off, lucky for them they had received an inheritance that covered).Those who can’t pay can’t be offered that kind of help, so those will proceed to foreclosure.And if the lenders don’t do that on their own, I suspect that the lawmakers in DC will make that mandatory for the loans with federal backing, so that will cover a huge chunk of mortgages.

I bought some stock when I saw it plummet to nearly $60  (from around $100/share) because I personally think you will see them bounce back over the next 3-6 months.Something I read that I enjoyed: ""IBuying is dead, long live Zillow," wrote RBC Capital analyst Brad Erickson, who cut this price target to $100 from $145, but kept his outperform rating

Right now there are people all over America, living on the streets because the market crashed, entire industries collapsed, jobs were lost, people fell behind on payments, had properties foreclosed on, cars repoe'd, etc. and their credit scores plummeted. 

However I wasn’t happy at my hometown school and transferred to an expensive big city university where A’s were much harder to come by and my GPA plummeted.

I dont see prices plummeting but would love seeing buying opportunities if that happening.

Every time a new Poconos area bans or restricts STR, their housing values immediately plummet.

Argentina and Venezuela are the two countries where the odds that you property could be confiscated by the government are significantly above 0.As mentioned by @Matt Vaughn, the peso regularly plummets against the US dollar.