Orange County

The Los Angeles-based economics firm expects a sharp decline followed by a sharp recovery once the economy reopens.

While fringe buyers have exited the market, serious buyers have continued to actively purchase homes even during shelter-in-place restrictions.

The pandemic has certainly impacted the housing market, but some developers continue to see strong demand.

In March, as the coronavirus pandemic was taking hold on the nation, foreclosure rates were dropping to the lowest levels since the recession.

The Dot Com Bubble and the 2008 Financial Crisis could inform the damage to come and the recovery in the current dislocation.

The B-piece buyer is the biggest question mark for banks in the CMBS space, and lenders that own the B-piece will rebound faster.

While some assets are poised for a swift recovery, the hotel market won't see pre-coronavirus growth levels until 2024, according to R.D. Olson.

Some developers are stopping or even pulling future hotel builds, while projects already under construction are quickly pivoting to adapt to the new market.