No one can accurately predict how long the Coronavirus will last or when effective vaccines can be rolled out, so all we can do is speculate, based on some logic and our past experience with SARS, which seems less serious and less deadly than this new potential pandemic.
Logic and history suggest that the most immediate effects will be 1) significant interruption of all supply chains, 2) significantly less travel, and a fear of all crowded venues, 3) likely over-reactions in the capital markets affecting stocks and our estimation of wealth, 4) possible government interventions to assist affected industries, especially in China.
How will each of these affect real estate markets? Starting with the most obvious:
