It has been estimated that home prices could see up to a 20 percent drop or more in value because of the COVID-19 situation.
In Cook County, Illinois, city officials there have admitted that they will be looking to reassess home values in the area and those prices should be updated by next year.
The homes are expected to come down in price at least 8 to 12.2 percent or more.
But for others who are having their own asset devalued, it might not be the best news to get.
Many areas have had their real estate sales plummet over the last couple of months.
Not all home prices are dropping though, some reports suggest that there are a few areas who have been seeing an increase in price during the coronavirus situation.
In places like Oregon and New Hampshire people have continued to buy up property even though there has been that lockdown on the economy.