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REALTOR® association donations doubled, volunteerism increased during pandemic
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 In the wake of the coronavirus pandemic, Realtors®, real estate agents and their respective firms have increased their philanthropic and volunteer efforts, according to a new report from the National Association of REALTORS®. The median annual value of REALTOR® associations' donations to communities doubled from $5,000 in 2018 to $10,000 in 2020.
The Community Aid and Real Estate Report - the CARE Report - offers insight into the monetary and volunteer contributions of members, broker-owners and association executives or multiple listing service staff. This year's CARE Report found that, compared to the most recent 2018 study, food and monetary donations remain high and volunteering has increased among REALTORS®, while REALTORr® associations held more fundraisers for their communities. Click here to view the full release and report.
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At Home with Diversity, learn about it in Reno
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 The Reno-Sparks Association is hosting an At Home With Diversity Course. The AHWD certification helps REALTORS® to learn diversity sensitivity, how to apply fair housing laws in your business, and ways to develop professional guidelines for working with people in the increasingly multicultural real estate market.
To learn more about the course, and to register, click here. |
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NVR meetings slated for Friday
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Annual General Membership Meeting scheduled for 9 a.m., quarterly BOD meeting to follow
 Nevada REALTORS® is gearing up to host its annual General Membership meeting. NVR's final 2020 Board of Directors meeting of 2020 is set to start immediately following the General Membership meeting. The upcoming events are scheduled for Friday, December 11 at 9 a.m. The meetings will be held on the Zoom platform rather than the traditional in-person format.
Both meetings are open to all NVR members. Viewers can watch the meeting on Zoom by using this link once the meeting starts. The password is December. |
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FHA announces new single family loan limits for 2021
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 The Federal Housing Administration (FHA)last week announced the agency's new schedule of loan limits for calendar year 2021 for its Single Family Title II forward and Home Equity Conversion (reverse) Mortgage insurance programs. Loan limits for most of the country will increase in the coming year resulting from robust house price appreciation, which is factored into the statutorily mandated calculations FHA uses as part of its methodology for determining the limits each year. The new loan limits are effective for FHA case numbers assigned on or after January 1, 2021.
FHA is required by the National Housing Act, as amended by the Housing and Economic Recovery Act of 2008 (HERA), to set Single Family forward loan limits at 115 percent of area median house prices, subject to a floor and a ceiling on the limits. FHA calculates forward mortgage limits by Metropolitan Statistical Area and county. Read more by clicking here. |
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