Here is an interesting article form the National Association of Realtors. What Realtors predict about the housing market during COVID-19 pandemic. As I speak with clients, friends, family and acquaintances, it seems every one is under the same impression, home prices are going to dramatically decrease. Many realtors including myself are under a different impression. So far, from what I am seeing locally (Santa Clara County), home prices have remain stable, and there are slight decreases in less favorable areas. Otherwise, in good or sought after neighborhoods, prices have remain stable or increased slightly.
To learn more and to read the entire article about what the prediction is nationally, click on the link.