Such a large increase in the money supply often leads to some amount of inflation, but that is tempered in the short term by the economic woes.

Since I don't know what exactly you are looking at I can't say for sure if you are looking at ads where you need to supply your own land or not, but if it is that much cheaper than everything else it seems like a distinct possibility.

They tore all the bathroom supplies from all 3 bathrooms including shower rods and curtains in piles on the ground and put wooden boards on the ground of our tiled walk in showers.

The question is whether there is enough supply and demand. 

We may be entering a period where there is an increased supply of REO properties, so I would do your homework on those and network with other investors who also invest in REO properties in your target location. 

That being said, I think the disruption on the supply side could take longer to restore, which could negatively impact everything, particularly if the outbreak is not contained evenly across the world.

Even with the FED expanding its balance sheet they can't completely replace the reduction in private money supply. 

pid=1714Houston Real Estate Highlights in March:-Single-family home sales rose 8.2 percent year-over-year, with 7,566 units sold, marking the ninth consecutive month of positive sales;-The Days on Market (DOM) figure for single-family homes was unchanged at 65 days;-Total property sales rose 6.9 percent, with 8,965 units sold;-Total dollar volume jumped 11.0 percent to more than $2.6 billion;-The single-family home median price rose 4.1 percent to $249,900, reaching a March high;-The single-family home average price climbed 3.8 percent to a March high of $309,785;Single-family homes months of inventory was at a 3.5-months supply, down from 3.8 months last March but above the national inventory level of 3.1 months;-Townhome/condominium sales declined 0.5 percent, with the average price up 6.0 percent to $224,038 and the median price up 4.6 percent to $183,000;-Lease properties experienced a mixed performance, as single-family home rentals increased 1.2 percent with the average rent up 2.4 percent to $1,788;-Volume of townhome/condominium leases fell 9.7 percent with the average rent up 4.2 percent to $1,604.

It's been appraised at 80K and my wife and I are wanting to use the money to purchase a multi-family residence.I've been on bigger pockets for a while and listen to a lot of the podcasts, so while we're searching for multi-family properties I've been using property analysis spreadsheet supplied by the biggerpockets community.We're working with a realtor on available multi-family properties in our area and now my wife and I are getting nervous. 

We are down to 1.76 months of supply or -29.7% less listings than last year, for all residential properties in the market.Here are the March, 2020 Average price sold and % of increase by area.