Inside this issue
  Rental Assistance Programs webinars -- Hosted by Nevada REALTORS®  
  Nevada REALTORS® is teaming up with important partners from around the state to bring its members a variety of informational webinars this week. The first is scheduled for Tuesday, July 21 at 10 a.m. NVR, in conjunction with the Commercial Alliance of Las Vegas (CALV), is inviting members to join a presentation and discussion with Nevada State Treasurer Zach Conine on the new Program offering Relief for Commercial Tenants and Landlords, and the Commercial agent/Property Manager's role in getting that relief for their clients. Click here to register and save your space for this exciting event.
A day later NVR and CALV will again partner, this time to discuss Clark County's commercial rental assistance program. That webinar will be held Wednesday, July 22 at 2:30 p.m. Click here to register for this webinar.
This week's webinar string ends on Friday when Nevada Realtors welcomes back Conine. He will host a webinar focused on residential rental assistance. The Treasurer's program will provide for payment directly to landlords. Find out how agents can help their landlords and tenants access that relief. That webinar is scheduled for Friday, July 24 at 1 p.m. You must register to attend. Click here to register.

Additionally, Nevada REALTORS hosted a webinar last week, discussing the impacts to real estate as the eviction moratorium gets lifted in phases over the next six weeks. It was the second in a Q&@ series tackling the issue. You can view that here.   


  Low mortgage rates could hurt first-time home buyers for years to come  

Record-low mortgage interest rates have been a boon for buyers on a budget, even luring those who have been on the sidelines into the housing market. But that influx of buyers has made an already severe housing shortage worse-and the impact of those low rates on the housing supply is likely to reverberate well into the future.

First-time buyers, whose ranks have swelled with city refugees seeking more space in the suburbs, are now duking it out over an extremely limited number of affordably priced homes for sale-in the middle of both a pandemic and an economic recession. Click here to view the full article.



  Many REALTORS® say they're prepared for second wave  

Market Recovery Survey reveals REALTOR® members are wary of upcoming months

Real estate, like many other industries, was forced to adjust to the COVID-19 pandemic, from changing home tour procedures to embracing virtual or socially distant closings. Now some cities and states are reversing their reopening plans as coronavirus cases surge-but many real estate professionals say they're better prepared for the impact on their business.

Nineteen percent of REALTORS® say they're "very prepared" for a second wave of COVID-19 cases, and 39% say they're "somewhat prepared," according to the National Association of REALTORS®' Market Recovery Survey, which is based on responses from about 2,300 members. Of those who believe there might be a second wave, 30% say they feel more prepared because they have a better idea of what to expect. Twenty-seven percent of REALTORS® say they're concerned enough about the ongoing threat of the coronavirus that they have shifted their business practices to better prepare. Click here to read the story from REALTOR® Magazine.



  NAR applauds administration effort to eliminate duplicative, onerous regulations  
  NAR President Vince Malta responded following the Trump administration's deregulatory agenda press conference last Thursday. Of note to America's 1.4 million REALTORS®, President Trump reiterated his commitment to the White House Commission on Barriers to Affordable Housing, which seeks to eliminate impediments to affordable housing, and touted the administration's move earlier this week to modernize the National Environmental Protection Act.

The White House reports that 16 pieces of deregulation legislation signed by President Trump are expected to increase annual real incomes by more than $40 billion, saving American households an estimated $3,100 each year. The administration also reports that it has cut roughly 8.5 regulations for every new rule imposed since January 2017. Click here to read the complete NAR press release.