NAR Applauds "First Time Homebuyer Pandemic Savings Act"
The legislation would allow first-time buyers to withdraw funds from their retirement accounts under the umbrella of coronavirus-related distributions to use toward the purchase of a home. Rep. Maloney’s bill specifically allows for up to $25,000 of coronavirus-related retirement distributions to be tax exempt and penalty free if put toward the down payment of a first home. It also extends the coronavirus-related distribution sunset clause to December 31, 2021.
Read more here.
Brought to you by the Greater San Diego Association of Realtors. COVID-19 may be causing many things to change, our ability to assist you won't.
We committed to supporting you through this situation and strive to provide the services necessary for your business.
Hours and Staffing
Our work hours remain the same, however, our team is following the direction and safety recommendations of our Governor and the Center for Disease Control. Like so many of you, we are now working remotely. For us, it’s business as usual with a little extra caution. We are fully equipped and plan to continue to support our members with no disruption in service during this time.
For the safety of our members, employees and community we offer webinars and plan to expand our online classes. Click Here for a comprehensive list of education and training options.
The 7 SDAR service centers, SDMLS, and our retail store will remain open.
Necessary meetings, such as nominations, elections and board meetings will be accommodated with your safety as our primary concern. Feel free to contact us for more information on this procedure.
Committee Meetings and Events
All committee meetings and events are suspended, as a health and safety precaution. We will provide advance communication when we plan to resume in-person gatherings.
For public health, caravans are canceled until further notice. Booklets will be emailed to the caravan liaison to provide some continuity throughout this situation.