With all the COVID-19 craziness going on, there is a lot of “what-ifs” in our economy right now. For the most part, things are still unknown and only time will tell how this virus is truly going to impact our economy.
As for the housing market, it doesn’t look as though this will cause another housing crash (the last crash was caused because of the housing market, whereas this one would not be).
Below are links from HousingIQ looking at the Prescott housing market and the overall Arizona housing market. Both look promising and may help put your minds at ease a little.
Prescott, Arizona Housing Market Report