On March 17, 2020, the Sacramento City Council adopted an emergency ordinance to establish a temporary moratorium on evicting tenants unable to pay rent due to a loss of income caused by the Coronavirus Disease 2019 (COVID-19). This moratorium will end once the Governor’s Executive Order N-28-20 issued on March 16, 2020 terminates on May …
We understand that during these uncertain times it is important to stay informed, but with so much information that changes daily it is difficult to sort through everything. Therefore, our staff has been working diligently to stay on top of all the useful and relevant resources for our members to access through one page on …
On March 23rd in an effort to provide market liquidity during the coronavirus emergency, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to provide alternative flexibilities to satisfy appraisal requirements and employment verification requirements through May 17, 2020. Fannie and Freddie will use alternatives to reduce the need for appraisers to …
These are unprecedented times. With that has come uncertainty and concern, but SAR is here to help our members in any way possible. So are our statewide and nationwide organizations. Recently the United States passed H.R. 6201 “Families First Coronavirus Response Act” to provide relief for the nation during this crisis. Below you will find …
Impact of Families First Coronavirus Response Act on SAR Members Read More »
The IRS issued guidance Thursday, April 9th, to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway. Both of these programs are designed to promote economic growth in communities, and NAR made the case that investors in these programs should not be harmed due to the effects of …
Update: SAR Staff is pleased to announce that Sacramento County has updated their Public Health Order, and included our recommendation that occupied residences are now able to be shown. The order becomes effective at 11:59 p.m., May 1, and will be in effect until 11:59 p.m., May 22, 2020, or until it is extended, rescinded, …
In the world of COVID-19 it seems like everything is constantly changing. Initially the federal government published a list of essential services during this time of restricted activity. It did not include real estate as an essential service. In the State of California, when Governor Gavin Newsom issued the stay at home order he referenced …
As 2019 comes to a close, we want to make sure we update you on the legislation that becomes law on January 1, 2020. It has been a busy year for our Government Affairs Team, but we know that these pieces of legislation have important impacts on your business. Please stay tuned for our Political …
A Legislative Review: What Happened This Year (2019) Read More »
The Sacramento City Council voted and passed a budget proposal for Measure U funds earlier this month. Unlike a typical city budget vote, this one received a great deal of attention and controversy due to the exclusion of two districts when determining which local projects an initial $16 million from Measure U would fund. These …
The National Association of REALTORS® evaluated their membership demographics and compared certain aspects from 2017 to 2018 and found some interesting changes. In that one year, there was a 4% increase in the number of female REALTORS® and a 5% increase in net income for REALTORS® overall. REALTORS® continue to see an overall growth in …
