NAR on Coronavirus

Tiffany bigelow Uncategorized

In response to the concerns about COVID-19, commonly referred to as coronavirus, the National Association of REALTORS® is providing guidance to help REALTORS® respond to the coronavirus’s potential impact on the real estate industry. Any updates from NAR and its response to the coronavirus emergency will be collected on this page. Of note, NAR has issued information and guidance on the following:  Coronavirus Guidance for REALTORS® Coronavirus Emergency Legislation: What REALTORS® Need to Know Coronavirus Guidance for REALTOR® Associations  Coronavirus Resources and Guidance for Employers Coronavirus Resources for Property Owners Coronavirus Guidance for Commercial Real Estate Be sure to refer to the CDC’s website for up-to-date information about COVID-19 (link is external), as well as information about the coronavirus’ current impact in the …

Stay safe while buying and selling during the coronavirus outbreak

Northern Wasatch Association of Realtors Uncategorized

As every aspect of our lives is disrupted by the coronavirus, many home buyers and sellers are wondering how the outbreak will affect their real estate transaction — especially as we head into the busiest buying season of the year.   Last week, the National Association of Realtors surveyed Realtors to ask them about the impact the coronavirus was having on transactions. While the vast majority of respondents said the virus had not affected buyer and seller interest, about one in four said they had changed the way a home is viewed, including implementing increased safety measures as part of the home-selling process.  This article provides several safety tips you can incorporate as you buy and sell homes this spring.  Using …

Drop in mortgage rates could mean big savings

Tiffany bigelow Uncategorized

President’s MessageRobert Bolar The fall housing market is showing some signs of heating up even as the weather cools down. That’s because a tumble in mortgage rates has encouraged many buyers to make a move — potentially saving them thousands on their mortgage.  For the week ended Oct. 10, the 30-year fixed-rate mortgage averaged 3.57 percent, according to mortgage giant Freddie Mac. That’s significantly lower than last year when rates averaged 4.90 percent. In fact, the rates in September and October are the lowest they’ve been since early 2013.  Fifteen-year rates are even lower, averaging 3.05 percent compared to 4.29 percent last year, according to Freddie Mac.  The plunge in rates equates to thousands in savings. For example, at a …