The global economy may have begun melting down in March. But for Los Angeles residential brokerages, the month was the calm before the storm. While a statewide shelter-in-place order brought about by the coronavirus pandemic suspended most new listings and home showings, brokerages could point to closings of deals in escrow to paint an optimistic picture of their industry. But according to leading brokers, agents, and appraisers in the L.A. market, that business is drying
source https://therealdeal.com/2020/04/01/april-is-when-the-big-problems-kick-in-la-residential-firms-face-reckoning/
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