But we'll have to wait and see what happens and how this stay at home order affects the local economy.The upper price-range of homes may feel the impact the hardest, as buyers and sellers of luxury homes are usually business owners with part of their portfolio tied up in other assets that are feeling a greater impact.The housing demand for the bread-and-butter price (sub $300k) should hopefully only be stalled or delayed, and ideally we'll see some pent up demand be unleashed in the summer and fall if things get back to normal. 

The sky is not not falling and the world is will continue turning.

I was informed by a case manager yesterday that covid cancellations that fall within their new June window will not qualify for the 25% of the cancellation policy.

@George Tiglianidis my apologies for hijacking your forum My comment was a possible reason for falling appraisals and future market outlook.

While everyone is focused on the sky falling we need to focus on the opportunities that will be born out of all of this.Owners that were in trouble before all this started will undoubtedly be more motivated to sell as we reach the peak and beyond.

This has caused many deals to fall apart.

If you have them in escrow, you will obviously fall short since you wont be making payments to the bank.

I know the book by heart and I still listen to it once a year or so to remind myself where I could easily be if I decided to fall into that trap. 

@Mike D.Fat Chance - That's exactly the point - They will NOT do that  - It will fall only on Landlords & PMs. 

With 11 yrs as a REO Asset Manage, I saw so many deals fall through at closing due to title being clouded.