Norris Bruce
Mar 24, 2020

Affecting More Than 4 Million Apartment Renters

Today’s News Synopsis:

Freddie Mac announces nationwide Covid-19 relief.  Requests for video home tours increased by 500% in one week.  Both C.A.R and NAR are asking Congress for aid for REALTORS.

In The News:

Inman “7 Essential Tips for Communicating With Your Sphere During Crisis” (3-24-2020)

“Don’t make the major mistake of not communicating with your clients and prospects during this time of uncertainty. It could define the rest of your career. Here’s how to do it right.”

Redfin “Video Home Tour Requests Soar Nearly 500% In One Week” (3-24-2020)

“As the coronavirus upends the buying process, house hunters are increasingly relying on Redfin’s virtual technology for viewing and closing on homes.”

Mortgage Professional America “National Multifamily Housing Council calls on Congress for mortgage forbearance” (3-24-2020)

“With the coronavirus disrupting lives across the globe, the National Multifamily Housing Council (NMHC) urged Congress to extend mortgage forbearance to rental property owner.”

Freddie Mac “Freddie Mac Announces Nationwide COVID-19 Relief Plan Affecting More Than 4 Million Multifamily Apartment Renters” (3-12-2020)

“Freddie Mac (OTCQB: FMCC) today announced, in coordination with the Federal Housing Finance Agency (FHFA), a nationwide relief plan for its Multifamily borrowers and residents of their apartment properties.”

California Association of Realtors “C.A.R. and NAR ask Congress for aid for REALTORS” (3-24-2020)

“In response to Gov. Newsom’s Stay at Home order issued last week, C.A.R. has asked the California Congressional Delegation to provide forgivable SBA loans to self-employed, independent contractors, which includes the majority of C.A.R. members.”

National Association of Realtors “Open House Guidance During COVID-19” (3-24-2020)

“NAR’s goal is to keep members informed about the evolving COVID-19 pandemic, its impact on the real estate industry, and to provide guidance on the many difficult decisions members are tackling on a daily basis.”

AD Pro “Local Governments Debate Halting Construction Projects” (3-24-2020)

“While much of the country is now united in terms of limiting social gatherings and shutting down nonessential businesses due to the COVID-19 outbreak, there does not yet seem to be a consensus on how to handle construction projects.”

National Mortgage News “Flagstar Bank stops funding nontraditional home mortgages” (3-24-2020)

“Flagstar Bancorp, one of the nation’s biggest lenders to mortgage providers, has stopped funding most new home loans without government backing.”


California Real Estate Investor Events

ALERT: Aaron Norris will be presenting his latest talk Innovative Real Estate Marketing With Inland Gateway Association of Realtors on Thursday, April 9 (ONLINE ONLY).

ALERT: Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with Pasadena FIBI on Thursday, April 16 (ONLINE ONLY).

Aaron Norris will be presenting his latest talk Innovative Real Estate Marketing With NorcalREIA on Wednesday, June 10.


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