The full effect is not apparent, however, for single-family homes demand will be strong as this “Stay At Home” order (California) & “Safe At Home” order (Los Angeles) there will be less discomfort being forced to be homebound. With a single-family home with a yard and direct access to the sidewalks, this gives greater direct freedom than in a multi-family residence like apartment and condo buildings. Though, there maybe more support in the higher density home environments. The hardest direct hit is the retail sector because they are mostly shut down completely versus warehouses/industrial have more distance between Human Resources.
Offices will be effected temporarily as even though some cannot come into the office, the office space functions as a safe storage space plus are ready to be used. In contrast, to businesses like restaurants need to deal with fresh ingredients and making sure the eating and serving environment is sanitized along with employees being in “good” health.
Lower financing rates are available now which can reduce the cost of operating/ownership, but all property owners have to keep in good condition especially roofs, plumbing/drainage and if more use other parts of the building like doors & locks plus flooring-less uneven surfaces or loose carpeting especially at threshold areas.
My Update will be forthcoming.
