Coronavirus cuts Southern California home escrows by 48%

Coronavirus has dramatically slowed Southern California house hunting, with new sales contracts falling 48% in the past four weeks, according to one tracking service.ReportsOnHousing follows homebuying trends found in the listing services for Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura counties. Here’s what the report found, as of April 16. And remember this is usually prime selling season …
Demand: 8,646 homes were put into escrow in the previous 30 days i