The New York City, Los Angeles and San Francisco real estate markets will weaken significantly as Asians stop transferring funds to the US by purchasing property. The Chinese especially appreciate the property right guarantees of US law.
Why would they stop doing that? They are looking for safe havens for their money outside of Communist China. U.S. real property is still attractive to them for that purpose, maybe even more so with this epidemic and much stronger authoritative communist crackdown.