[MeneMeneTekelUpharsin]

This is going to happen across a LOT of sectors in the economy except for guns and ammunition. So many waiting for prices to fall. This is one of the things that makes a depression worse. People keep waiting for items to become cheaper which feeds the downward economic spiral. Some of those real estate sellers will later wish they had taken the 20% haircut instead of what they're going to end up with (nothing).

[genghis]

In 2008 I bought 4 houses paid 53k in 2007 sold for 275. Paid 49.5 in 2007 sold for 270. Commercial prices will decline by more than 20 % many residential by more than 40%

[proxy_user]

Or maybe not? If the shutdown was too short to impact the sort of people who buy large buildings, then I don’t see that happening.

I suspect most people in the top 20% in income did not lose much in money coming in, and saved a lot in money going out. They will be ready and able to spend.

[sheehan]

the ChiComs are gettin to ready to strike the real estate market (again).

[Vince Ferrer]

Turism is dead. Depending on how lobg that lasts, overextended landlords in tourist areas will be forced to sell.

[glorgau]

Yeah maybe but they’re not going to give it away.

[Extremely Extreme Extremist]

I think land is going to skyrocket in price. I’ve read stories of about how millenials are sick of the city life and retreating to the country.

[Bonemaker]

“...commercial real estate prices are expected to come down....”

Good luck in Illinois ghost towns.

[Fido969]

Hang in there, sellers!

[ProtectOurFreedom]

Many commercial office buildings could drop a lot in price when companies tell every employee to keep working at home for the next few years.

I expect many commercial buildings that were under construction on March 1 to remain unfinished for some years. I’ve seen this boom-bust-boom cycle several times.

[PGR88]

If there’s that much money waiting to buy, its unlikely prices will fall much at all.

[Sign Man]

South FL, TX, TN, etc are going to be the benefactors of the real estate shakedown in the TriState and IL. Glad I own here....thank you Gov Desantis.

[gogeo]

Vulture investing.

[mrsmith]

“World’s biggest...”
Yes, the world wants to buy the US at a discount.
Not in the biz, but doubt they’ll get much discount except in places like NYC that have lost a lot of their value permanently.

[dragnet2]

I’d guess commercial properties and residential homes in major population centers are going to take a hit after being under the punitive control of these leftist in big cities during this virus BS.

And I’d guess the real-estate prices in smaller cities and towns are going to go up as people don’t want to be subjected to the big city control freaks anymore.

[Left2Right]

We are going to see a lot of vacant commercial space over the next few years as companies lay off their "coders" (see latest news of layoffs at Uber, this is just the start). Urban areas are going to get hit hard and not sure what all the "coders" are going to do when they lose their jobs (and those coding jobs are not coming back in America when someone in India can do their job for a quarter of the price).

They learned to code, but no one needs them anymore! Now what? Learn to jog?

[Right Wing Assault]

In my neighborhood the last couple weeks, as soon houses go on the market they are selling right away. Almost all of the houses go in less than 10 days, and surprising numbers go in two or three. If you want to buy, you don't putz around or the one you like will be gone. I've never seen it like this.

I don't know if people are lowering prices or buyers don't mind giving the sellers what they want. Or maybe the buyers are low-balling their offers and the sellers jump at it with summer on the way. Or all of these, depending on the property.

[Conservative4Life]

mine’s for sale