Inside this issue
  Coronavirus: A Guide for REALTORS®  

In response to the growing concerns about COVID-19, commonly referred to as coronavirus, NAR is providing this guidance to help REALTORS® respond to the coronavirus's potential impact on the real estate industry. As of March 4, 2020, the U.S. Centers for Disease Control and Prevention (CDC) has issued Level 3 Travel Warnings for all of China, South Korea, Italy, and Iran, and a Level 2 Travel Warning for Japan. However, the situation is rapidly evolving.  Be sure to refer to the CDC's website for up-to-date information about travel warnings, as well as information about the coronavirus' current impact in the United States. 

Click here to view more of NAR's insights on the virus.



  Be sure to register for Region XI Conference in Las Vegas  
  REALTOR® members from across the West can join Region XI VP Dave Tina for the NAR Region XI Leadership Conference. The annual event will feature TECH EDGE from NAR, a region-wide legal panel, and panels from regional and national NAR leadership as well as much more.

The TECH EDGE event provides REALTORS® with the latest business technology skills and trends in the real estate industry. Sessions will be presented by a mix of NAR speakers, national voices and local real estate technology experts. Click here to learn more about the conference, specifically hotel information, registration fees and registration deadlines.


  Are lenders keeping mortgage rates from going even lower?  

Capacity issues may be keeping rates from dropping below 3%

Mortgage rates fell to an all-time low in the last week, and lenders across the country are now dealing with a deluge of mortgage applications as borrowers rush to both buy and refinance. But are some of those same lenders keeping borrowers from getting even lower interest rates than they already are? The answer: Possibly.

The mortgage business is clearly in uncharted waters now, with interest rates falling below 3.3% for the first time ever. The yield on the benchmark 10-year U.S. Treasury note continues to fall every day to new record lows, and mortgage rates typically track with the 10-year Treasury. As of Friday afternoon, the yield on the 10-year Treasury was roughly 0.76%, but it had never fallen below 1.1%. Read the full story by clicking here.



  Sustainability: It's Good Business  

REALTOR® Magazine: Driven by consumer demand, member feedback, NAR working to make sustainable homes the rule rather than the exception

REALTORS® are increasingly seeking answers about how to build, value, and sell resilient homes and communities. In a 2019 National Association of REALTORS® survey, 59% of REALTORS® said their clients were interested in sustainability. NAR is responding in a variety of ways-from gathering information about state and local REALTOR® association sustainability initiatives to beginning work on a 10-year sustainability action plan. That plan, which is being crafted by a newly formed presidential advisory group, is expected to be completed before the end of this year.

The demand for information and action on sustainability is escalating in part because of the frequency and severity of natural disasters. The National Centers for Environmental Information, a division of the National Oceanic and Atmospheric Administration, tracks disaster events with losses exceeding $1 billion in damages. There were 28 such events in 2018 and 2019, ranging from a Colorado hailstorm in July 2019 that caused an estimated $1 billion in damages to hurricanes Florence and -Michael in September and October 2018, which caused a combined $50 billion in damages. Click here to continue reading the REALTOR® magazine article.