Given the unprecedented scale of mass unemployment, close to 17 million initial cases of unemployment claims in 3 weeks I have no idea how people think this will simply blow over come Q3 or Q4 2020.

And the amount of equity in homes right now is unprecedented.  

So with the recent downturn in oil prices, the oil companies are laying off, and the State is looking at unprecedented deficits, in the 50% of last years budget ballpark.

I have lived in the Bay Area since 2000 and have seen the dot com boom and bust, the 2007 RE boom and bust and the unprecedented 2010 to 2020 bull run both in the RE and the stock market.In my opinion, so far the Bay Area has been a juggernaut mainly due to the innovation and jobs, with Covid and many companies providing flexible/remote working options, the demand for housing “can” decrease a bit in the bay area but it is not fully clear yet by how much.

We had an unprecedented period of property value appreciation during the bubble.

Sales - List to Contract Days by MonthAccompanying the rapid price increase is the unprecedented low days on the market.

It is not an unprecedented event for cities to lose population.

Meanwhile in Illinois I can't even go to the gym any more...I think the impact of this will be deep but once the pendulum swings the other way the recovery will be unprecedented.  

This is definitely an unprecedented situation, but I think it could cause a significant amount of inflation.

The comments are insightful too.Exodus from California, high-tax states driving unprecedented real estate boomhttps://www.foxbusiness.com/re...