Google it, but be wary of the results. Check for official sources. Don't rely on social media for (mis)information.
Yes it's a pandemic, but it's basically the flu. (Edit: A potentially severe form that we don't have immunity/vaccines for at this point, but still part of that family of viruses.) The average person who gets it will be dealing with it by staying home. That's what the panic buying is about - people being paranoid about the idea that they wouldn't be able to go out to the shops if they got sick.
Second edit because I did word this badly the other day: I did not mean that the virus is not serious. The flu is also serious for some percentage of people that catch it. But at the present point in time it is not affecting a large percentage of the population in a way that makes it necessary to halt the housing timer, and they're not going to do it based on speculation.
