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Join us Tuesday August 4th: 10:00 am - 12:00 pm
Elizabeth Mendenhall will be talking via zoom about how to
OWN YOUR SPHERE!
Free to All as a Membership Benefit
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Alaska REALTORS is inviting you to a scheduled Zoom meeting.
Topic: Alaska REALTORS' presents Elizabeth Mendenhall
Time: Aug 4, 2020 10:00 AM Alaska
Join Zoom Meeting
https://us02web.zoom.us/j/86189029233?pwd=dkdpMjZqU3dPbDl4am0xMTZNVDRwUT09
Meeting ID: 861 8902 9233
Password: 286112
One tap mobile
Find your local number: https://us02web.zoom.us/u/kbD9z3VSha
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Virtual Alaska REALTORS® Convention
EARLY BIRD PRICING AVAILABLE NOW
The 2020 Alaska REALTOR® Convention will be presented virtually from September 30th – October 3rd.
By attending you will have access to 8 hours of required DCE Classes for license renewal, 2 Ninja training courses, and a variety of breakout sessions. You won’t want to miss Opening Session, the Awards and Recognition presentation or any of the other surprises we have in store.
The Convention still promises to Engage. Educate. Inspire.
Click here to register now before the Early Bird pricing expires on August 15th.
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NAR Applauds Congressman Maloney’s First Time Homebuyer Pandemic Savings Act
NY Rep’s bill would make COVID-19 relief funds tax exempt if used toward home down payment
WASHINGTON (July 22, 2020) – The National Association of Realtors® called on members of the U.S. House of Representatives to cosponsor and support Rep. Sean Maloney’s (NY-D) First Time Homebuyer Pandemic Savings Act. The legislation would allow first-time buyers to withdraw funds from their retirement accounts under the umbrella of coronavirus-related distributions to use toward the purchase of a home.
“While various barriers have stood in the way of homeownership for younger generations, COVID-19 has pushed the American dream further out of reach for countless families and individuals by no fault of their own,” said NAR President Vince Malta, broker at Malta & Co., Inc., in San Francisco, CA. “This legislation would make a tremendous difference to those struggling to save for the down payment on their all-important first home. With homeownership remaining one of the best and most sustainable ways for Americans to build wealth, the nation’s 1.4 million Realtors® applaud Rep. Maloney for his leadership.”
Rep. Maloney’s bill specifically allows for up to $25,000 of coronavirus-related retirement distributions to be tax exempt and penalty free if put toward the down payment of a first home. It also extends the coronavirus-related distribution sunset clause to December 31, 2021.
Home prices in most U.S. markets have climbed as the inventory of available homes has tightened. With price constraints compounding with other factors, saving for a down payment has become exceedingly difficult for many younger Americans and has caused the nation’s homeownership rate to fall well below the historical average.
“Making sure the next generation of homeowners have the resources they need to buy their first home is going to play a big role in our economic recovery. This bill is a smart, innovative way to bring new opportunity to new homebuyers and help young families get one step closer to realizing the American dream,” said Rep. Maloney.
The National Association of Realtors® is America’s largest trade association, representing more than 1.4 million members involved in all aspects of the residential and commercial real estate industries.
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Existing-Home Sales Climb Record 20.7% in June
WASHINGTON (July 22, 2020) – Existing-home sales rebounded at a record pace in June, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic, according to the National Association of Realtors®. Each of the four major regions achieved month-over-month growth, with the West experiencing the greatest sales recovery.
Total existing-home sales,1 https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, jumped 20.7% from May to a seasonally-adjusted annual rate of 4.72 million in June. Sales overall, however, dipped year-over-year, down 11.3% from a year ago (5.32 million in June 2019).
READ THE FULL ARTICLE HERE
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REALTOR® RESILIENCY REPORT
July 31, 2020
Pending home sales continued to ascend in June, sustaining two consecutive months of increases in contract activity. The Pending Home Sales Index (PHSI) rose 16.6 percent in June, with each of the four major regions experiencing growth in month-over-month pending home sales transactions.
NAR’s Weekly Housing Market Monitor shows that while the residential market appears to be bouncing back, commercial real estate has been impacted considerably by the pandemic, as evidenced by commercial market trends and consumer activity.
READ THE FULL ARTICLE HERE
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