13 SoCal real estate twists: coronavirus, high prices, 25% rent cut – Press Telegram

13 SoCal real estate twists: coronavirus, high prices, 25% rent cut – Press Telegram

By JONATHAN LANSNER | jlansner@scng.com | Orange County Register

PUBLISHED: May 2, 2020 at 6:24 a.m. | UPDATED: May 2, 2020 at 6:25 a.m.

1. SoCal home prices hit another record high. But March data doesn’t reflect virus impact.

2. SoCal developer: Real estate has “changed forever” … Lewis Cos. just bought land for homes in Upland.

3. What will happen to delayed mortgage payments? Some fear another financial crisis.

4. How to ask a lender for help. Advice on what to do if you can’t make debt payments.

5. Cut California rents by 25%? “Unnecessary, counterproductive,” says a Southern California News Group editorial.

6. SoCal apartment rent hikes level off. More cuts seem likely.

Locally speaking …

7. Santa Ana: High-rise project will now include apartments.

8. Woodland Hills: Orange grove could be bought, preserved for park

9. San Pedro: 120-unit housing project moves forward

From our contributors …

10. How you can get a mortgage in virus era. Thoughts on lending from Jeff Lazerson

11. Get ready for the post-lockdown homebuying season. Thoughts on house-selling from Leslie Eskildsen.

12. What I’ve learned from sheltering in place. Thoughts on commercial real estate from Allen Buchanan.

And, finally, an unnerving trend …

13. California consumers gets skittish quick. Largest drop ever in this shopper optmism index.