Coronavirus - Where Do We Stand Now?

And the three vacancies we had at the beginning of the pandemic, took a little longer to rent out, because we were VERY picky, and insisted upon the maximum deposit allowed in our state.

The house is on very good location but due to Pandemic, traffic is less than before.

I hit pause on my plans during the pandemic because I'm worried about trying to finance that large an amount and prefer to hold on to cash.

The pandemic hit before I secured the hard money loan so I started exploring other financing options- I didn't want to be stuck paying for a hard money loan while construction was shutdown.

Also have renters lined up that are military (basically guaranteed rent for 2 year contract) but all military are put on hold from relocating due to Corona Virus.

Inslee's proclamation on evictions and related housing practices during the pandemic and as we understand it we can neither raise their rent, nor ask them to leave until Oct 15th (unless it gets extended again). 

New housing starts unexpectedly plunged more than economists projected in June as home builders grappled with the effects of rising interest rates curbing demand for new homes, according to data released Tuesday, adding to signs of an abrupt turnaround in the booming housing market.KEY FACTSThe number of housing starts, or ​​new houses on which construction has started, fell 2% to about 1.56 million last month despite average economic projections calling for an increase of 1.4%, the Census Bureau reported Tuesday.Building permits were slightly above expectations, coming in at less than 1.7 million, but fell from May and are down from about 1.8 million in April.In emailed comments after the release, LPL Financial chief economist Jeffrey Roach said housing starts declined because demand is “quickly drying up” from higher borrowing costs as the Federal Reserve raises interest rates, though he expects home building activity should hold up despite the grim outlook.Pantheon Macro chief economist Ian Shepherdson was less optimistic, pointing out single-family starts and permits both fell by 8% in their fourth consecutive month of declines and noting construction activity lags sales, which in turn lag mortgage applications.Mortgage applications have collapsed more than 25% this year, he adds, suggesting single-family housing construction "needs to fall by [another] 20% or so over the next few months” to be more in line with demand.The latest data comes one day after the National Association of Home Builders reported the second-worst single-month drop in home builder confidence on record, driven by ongoing production bottlenecks and high inflation that have pushed the cost beyond its market value in some cases.KEY BACKGROUNDHistorically high savings rates and government stimulus measures helped ignite a home buying frenzy during the pandemic, but signs of a slowdown have quickly emerged as the Fed embarks on its most aggressive interest rate hiking cycle in two decades to curb high inflation.

I don't know if you've seen the predictions on market segments that may not recover from the pandemic but student housing is on the top of the list. 

Huntsville Housing Sales Up 28%; Inventory Continues to DwindleOct 22, 2020/in Lead, News, Real Estate /by Bud McLaughlinIn the midst of the pandemic, people continue to look for and buy houses in the Huntsville area.