They'll need some time to gather their thoughts, find temporary housing, deal with the insurance company, etc. 

Does your renter's insurance cover temporary living while the work is being done? 

We looked at some condos down in Gulf Shores and I pulled AirDNA data on our top three properties.

Metro projects won't bring jobs, union contracts have their own crew, it will bring temporary business while construction is on-going, never jobs.

As of right now, we are 13 days away from knowing how many people are late on their April 1 mortgage payments (it's "due" on the 1st, but not "late" until the 15th).Something fairly big from Quicken, the #1 lender in the nation by volume, should be hitting the press within a day or two.http://www.mortgagenewsdaily.com/channels/pipelinepress/04022020-jobless-claims-record.aspxMortgage News Daily.April 2nd, 2020NewRez is suspending new Best Efforts locks through April 15 [...]In a temporary shift toward purely Conventional lending, and an eye on the future, wholesaler JMAC temporarily suspended new submissions and funding on FHA, VA and USDA (including Manhattan and Laguna Jumbo loan programs) [...]loanDepot told its brokers that, “In an effort to guard against extraordinary market fluctuation, loanDepot has imposed credit restrictions on Government Programs (FHA & VA) and temporarily suspended the TX 50(a)(6) Program.

I am not sure if this is temporary , time will tell . such trends take time to come and reverse .Sfo is down around 15% already from peak.

@Ike Patel You say brace for impact I'll say bring it on.The net immigration that you mentioned only be felt in an apartment where there's a dip of rent from $2800 to $2550 per unit, but this is only temporary.

“While we may see a temporary pause, as soon as market stability returns, investors will feel comfortable deploying capital in one of the best inflation hedge asset classes.”Even if rates rise much higher than expected in the fight to beat inflation, apartment investments would probably survive, says Borsos.

Covid is temporary and the ski resorts aren't going anywhere, so I figure there is significant long term (winter) demand for Airbnb's near the entrance to BCC and LCC. 

http://www.moneyradio.org/www/pdf/3092.pdf Exceptions IRC section 121(b)(4)(5)(c)(ii) provides the following three exceptions relating to the determination of periods of "nonqualified use": * any portion of the five-year look-back period that ends after the last date that the homeowner uses the property as a principal residence; * any period, up to an aggregate of 10 years, that the taxpayer or the taxpayer's spouse is serving on extended military duty; and * temporary absences due to change of employment, health conditions, or other unforeseen circumstances.