Home prices have been shooting up in rural areas. I've been in the market for a new house. (Got a new better paying job, so something larger/nicer)
I've watched prices jump $20k or more overnight. Houses that were going for 130-150k in January are now being listed for 220,000+. Stuff in the 200k range is now 300-500k. You can see just how bad it is if you look up the property taxes and assessments for the property. Houses are sometimes 100k+ over assessment value from last year. Anyone having to do a bank assessment for a mortgage is going to have a hard time convincing a loan officer to approve with that on the table.
Add in how many states are going to have to, or already have, raise property taxes thanks to state budgets being decimated from the lockdowns. It's going to be a really expensive time to be a homeowner. (Also, I imagine rents are going to soar because landlords are going to pass on the increased costs.)
Stagflation and insane housing costs are looking quite likely right now. The claims of another 2008 isn't really just doomposting. The eviction moratorium will eventually have to expire and there will be a large wave of homelessness and foreclosures. The economy is going to have to respond to that eventually. We got a whiff of it when the markets tanked in March but that was stabilized by all the massive quantitative easing governments of the world have been blowing into the system.
Tldr: Shit is going to get nasty regardless of what anyone can do now. Best advice is to save as much as you can and make sure you can be mobile quickly.