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April 20, 2020
MAR extends suspension of in-person classes
To protect your health and the health of MAR's staff, MAR's Executive Committee, comprised of REALTOR® members, has voted to extend the suspension of all in-person classes, meetings and events through June 30. The MAR Board of Directiors had previously voted to suspend in-person gatherings through May 10.

As of now, the June 30 deadline for completing CE credits remains in place. MAR is now offering online CE classes for the steeply discounted price of $5 per credit for members and $10 per credit for non-members. The first virtual class is tomorrow: 
NorthstarMLS Updates
Tuesday, April 21, 2020 (1:00 PM to 2:00 PM)
Registration is required
This course has been approved by the MN Commissioner of Commerce for 1.0 hour of Real Estate Continuing Education
Registration is limited, so sign up today and complete your CE at bargain prices!

To assist you, MAR office staff are available by email and phone between 8 a.m. and 4:30 p.m. Monday through Friday. The MAR office will continue to hold physical office hours with social distancing from 9:00 A.M. to 1:00 P.M. on Thursdays.

Upcoming Non-CE Webinars

MAR COVID-19 Weekly Market Impact
Thursday, April 23, 2020 (1:00 PM to 2:00 PM)
Registration is required
No hours of Real Estate Continuing Education
COVID-19: From the lenders lens and a perspective to navigate it
Friday, May 1, 2020 (10:00 AM to 11:00 AM)
Registration is required
No hours of Real Estate Continuing Education
 

NAR extends deadline to enroll in TeleHealth

To help members deal with health care needs during this time, NAR has introduced two months of free TeleHealth access for members and their families. The deadline to apply has been extended to May 31, 2020
 
The free TeleHealth access is included in NAR's Right Tools, Right Now resources, which include webinars, education courses, market reports and digital tools to help with marketing your business. 
 
Right Tools, Right now 
 

MAR Foundation Provides $40K in COVID-19 Relief Grants 

The MAR Foundation Board of Trustees is providing $40,000 in immediate relief to help pre-selected non-profits with their additional demand for housing-related services due to the COVID-19 pandemic.

Additionally, the application to apply for the Foundation’s annual grant program is open and the deadline has been extended to May 19, 2020.

A list of the non-profits receiving COVID-19 Relief Grants and more information on the annual grant program is available here

Hear directly from 2020 MAR Foundation Board of Trustees Chair Cari Linn in this video.
 

COVID-19 Weekly Market Impact

"Showings are accelerating" according to MAR's latest COVID-19 Market Update.

The increase in showings was also a major takeaway in MAR’s latest news release on the Twin Cities housing market. Read more
Join MAR's Director of Research and Economics, David Arbit, for a free weekly 1 hour presentation and discussion around the impact of COVID-19 on the Twin Cities real estate market Thursday, April 23, 2020 (2:00 PM to 3:00 PM). Registration is required.

Research Questions

Questions on housing market statistics?

Please contact David Arbit, MAR Director of Research & Economics, at davida@mplsrealtor.com or 952-988-3150.
 
Minneapolis Area REALTORS® concerned with advocacy are focused on Congress this week. MAR leaders Kath Hammerseng and Cari Linn, moderated a Zoom Meeting on Monday, April 20 with U.S. Representative Dean Phillips (D-MN-3rd). Members asked several questions.

We asked him what he expects from Congress this week and here’s a summary of his response: Congress is set to consider Phase 4 Bill. It's reported to be a $450 Billion supplemental spending bill. The largest share $300 Billion is meant to re-fill the Small Business Administration's Paycheck Protection Program (known as PPP). The next $75 billion will include funds for hospitals and health care centers. Then $50 billion for disaster relief loans. Finally, the bill will include $25 Billion for testing.

MAR is pleased to represent its 10,000 members on advocacy items at Congress, the Minnesota State Capitol and at city hall. REALTORS® are well represented and very well informed!

City will begin taking applications April 22 for Minneapolis Gap Funds for Housing for renters

The City of Minneapolis will begin taking applications April 22 for the City’s $3 million in Gap Funds for Housing for renters. The online application will open 9:00 A.M. Wednesday, April 22, and close 12:00 P.M. Monday, April 27.

Applicants can apply online or call the Tenant Resource Center at 612-302-3180. Callers will need to leave a voicemail message. An intake worker will return the voicemail message within three days.

Government Affairs Questions

Questions regarding advocacy or government affairs?

Please conact Eric J. Myers, MAR Director of Government Affairs, at ericm@mplsrealtor.com or 952-988-3124.
 

MAR’s most recent housing market data and members’ best practices were featured in several news articles in recent days:

Southwest Journal 4-19-20
3D Home Tours – Real estate industry finds way forward for ‘essential business’

Star Tribune 4-18-20
Twin Cities housing market cools after strong March start


Finance & Commerce 4-17-20
Realtors: Home sales show signs of turnaround

Minneapolis St Paul Business Journal 4-17-20
How the Twin Cities’ hot housing market suddenly cooled

 

We are thinking of you!

Let us hear from you!

How have you adapted your business practices?

Please share your story with us by either uploading a word document with a picture or a video here. You can also email your submission to mplsrealtors@gmail.com.
 
Don't miss out on this offer! Shop for courses through The CE Shop here.
 

Market Reports

This week’s initial jobless claims report from the Department of Labor showed another 6.6 million workers filed last week and revised the prior week’s claims up by 219,000 to nearly 6.9 million. Millions of additional initial jobless claims are likely to be reported in the next few weeks as the full impact of shelter-in-place policies becomes apparent. More info

See our website for all market stats. 
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