San franciso and Daly City market is robust too
In Six months,from now, we will see the impact in real estate !
Buyers can get some deals between Dec 2020 and Dec 2021 !!
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Singapore residential property market. SARS didnāt have much impact because still suffering from Dotcom bust. Recovery from SARS-dotcom and financial crisis is spectacular 
I really hope housing market stays stable - weāre in contract on a new house and now need to sell ours in turnā¦will be a wreck until that happens :-/
saw couple pending last week went back into market this week. who knows
The open houses I went to in Millbrae had pretty light traffic but there were still a few people in them. South Bay and SF may see a little bit of impact in their housing markets but I think it should be fine in other parts of Bay Area.
I am more worried about the credit market. The last thing anybody wants to see is some mortgage banks blowing up. Hope we donāt come to that point. 
I donāt see much foreclosures. Mortgage funding should be fine. My only concern would be job market. If thereās no major layoffs, housing market should be fine. Affordability is really good nationally. If anything, I think they can use housing market to drag the country out of recession if the recession comes.
I think i saw a couple in millbrae already sold below asking
If things donāt get better fast, there will be lots of layoff
restaurants / service sector started already.
https://www.redfin.com/CA/Millbrae/773-Crestview-Dr-94030/home/1503477
https://www.redfin.com/CA/Millbrae/20-Michael-Ln-94030/home/2042400
https://www.redfin.com/CA/Millbrae/88-S-Broadway-94030/unit-2302/home/17307134
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30-40% haircut to current prices would be a welcome relief to many buyers. A cooling off period is healthy. The market has been so hot for so longā¦
You welcome this amount of haircut? How many rentals do you have?
Itās more about short term pain and long term gain rightā¦ houses or stocks. Corrections are healthy. Maybe 30-40% is way too hyperbolic and 10-20 is more realistic. I donāt know you guys are the smart ones here.
Personally it doesnāt matter if the price drops, since Iām not selling.
Arenāt we all buy and hold real estate investors? Donāt we like paying lower prices?
Youāre fine so long you can be solvent longer than the market is irrational.
So far sold only 2 in my lifetime. My first house which I regretted a lot. Second is in US, no choice, cash flow issue.
So far, didnāt go down in Austin.
Have to put our house on market in next 2 weeksā¦not sure open houses make sense at this point. Has anyone seen that approach changing yet? Private tours? etc?
Do you still live there or vacant?
Living here right now but can likely move out / have vacant. The question is are people OK going to open houses / is it worth it to even stage it?
If you donāt do open houses or no staging you will likely fetch a lower price. Hard to put a number on it but my guess would be at least 3% and likely more?
If you could wait it out, you might want to try. Research shows that a house that has been on the market longer, tends to get a lower price. You really want to sell in 3-4 weeks in the bay area.
Iām fine with staging / doing open houses Iām just wondering if market will start to cool for the next month due to all the school closures.