Coronavirus fallout: Homebuyers balk, local escrows plummet 16%

Coronavirus is slowing Southern California homebuying, with new signed sales contracts for existing homes plummeting 16% in the past week, according to one real estate data tracker.
Various efforts to limit the spread of the coronavirus has throttled the state’s economy, costing perhaps 1 million Californians their jobs. In the past week, the state has issued a stern stay-at-home order that limited even more businesses, including home sales. The California Association of Realtors told its