I don't expect resident property price will drop too much. Commercial is totally different story.
https://www.zerohedge.com/personal-finance/us-housing-starts-permits-plunge-5-year-lows
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Housing Starts fell 30.2% MoM in April (worse than the 26.0% drop expected and accelerating considerably from the 22.3% drop in March). This is a record drop.
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Building Permits fell 20.8% MoM in April (better than the 25.9% expected)
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Single-family permits plunged 24.3% to 669K, lowest since March 2015, and multi-unit permits dropped 12.4% to 373K, lowest since Feb 2017.
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applications to build are a proxy for future construction, and the biggest drops were in the Northeast (-45.5% for single-family) and West (-33.2% for single-family).