Home sales are dead right now because the mortgage markets froze and no one knows if they will still have a job. Once we get on the other side of this, those that keep their jobs will be fine, which will still be the majority of the country, especially higher paying jobs as not nearly as many white collar works being laid off. And investors will scoop up to buy entry level housing for rentals - count on it.
There could be some serious change of ownership of massive apartment complexes in my university town. Developers have been building these things nonstop since the GFC. If the students don’t come back in mass, somebody is hosed...
Times have been good in the Trump economy. Many of my suburban neighbors sold and upgraded. If one of the couple loses their job long term they are in deep trouble.
So many blue and white color jobs are connected to housing and construction around here in NE FL. Serving economic growth in general. New construction grinding to a halt will cascade through the economy and hammer Florida. Big time.