From what I'm hearing, the market for lower-cost (meaning 200-500k, if that's low) haven't seen any effect and actually a lot are selling quickly. But it will be tough to sell a $1 million house as many of the people who could afford that are the ones being laid off and/or not enough young money as there was a few years ago (but enough to go after smaller lower cost houses, which is IMO totally fine).
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