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COVID related new construction question (mid May closing, Dallas-Fort Worth area)

Greetings all, I am supposed to close on a home in the Dallas/Fort Worth area mid-May. I have $20k earnest money down, sale is NOT contingent on me selling my current home. I signed the contract back in November for a $775k home. I realize that COVID will likely drop home prices based on demand and economic pressures. I also believe that my home, which I could have sold for $475k+ prior to the downturn, will likely lose 10-20% of that value.

Short of breaking the contract, is there an opportunity to either ask for mortgage payments to be made on my behalf, a reduction of purchase price, or other potential ways for me not to lose my shirt on this sale? Ultimately I like the house, but if the $775k home is available 6 months from now for $700k, taking that 20k earnest money hit won't hurt nearly as much.

submitted by /u/texican79
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source https://www.reddit.com/r/RealEstate/comments/fqwq5s/covid_related_new_construction_question_mid_may/
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