Ingo Winzer, of Local Market Monitor, winner of the 2019 Crystal Ball award, has some real estate predictions for 2020. He predicts that real estate will not suffer a crash like the one after 2008. Reasons for this is that there are no subprime mortgages to foreclose, and that national home prices are not in bubble territory.
In my opinion, his real estate predictions are excellent, better than financial magazines.
But he does believe that financial fallout will affect banks and investors for years because more people will need to rent. Fewer people will buy a home and more people will be in financial distress.
With banks tightening lending requirements, many potential buyers will not be able to complete purchases, reducing demand for real estate. I expect that appreciation in overpriced coastal markets may well stall, after a dead cat bounce of a few months after re-opening of the economy, due to pent up demand.