Southern Calif. homebuying hit record low in May

Southern California homebuyers purchased about half as many homes in May as they did a year ago as the coronavirus pandemic slowed the housing market to a crawl, new housing figures released Thursday, June 18, show.
A total of 12,271 new and existing homes changed hands in the six-county region last month, the lowest number for a May and the third-lowest for any month in the last three decades, according to DQ News/CoreLogic.
By comparison, the region averaged more than 25,000 transactions in Ma