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11 SoCal real-estate twists: coronavirus, buying down, lender shuts

Will Costa Mesa get 1,057 more housing units? Pasadena, 200 more?

Here are 11 must-read stories about the local real estate market from the Southern California News Group’s Home Stretch newsletter. To subscribe to the free, twice-weekly email publication, just CLICK HERE!

1. Virus cuts Southern California homebuying. Escrows fall 48% as listing edge up slightly.

2. California existing home sales drop 11%. Median price jumps 8% by Realtors’ math.

3. Can you find a housing bargain? Here’s how! Thoughts on house-selling from contributor Leslie Eskildsen.

4. Mortgage service firms in trouble. Will they get a bailout? Thoughts on lending from contributor Jeff Lazerson

5. Non-traditional lender halts operations. Impac Mortgage furloughs 333.

6. Rent hikes shrink in 56 SoCal cities. Where were the biggest cooldowns?

7. California loses 11,600 construction jobs. March decline is biggest inthe nation.

Locally speaking …

8. Long Beach: Boeing selling 78 acres near airport.

9. Costa Mesa: 1,057-unit, mixed-use projected planned.

10. Pasadena: 200 “affordable” micro-apartments planned.

And finally …

11. See’s Candies is back. Beloved stores will reopen slowly following virus-linked closures.