Inside this issue
  Curbed: How the US Housing Market Recovered $16 Trillion  
 

Nevada in midst of strong recovery; home prices still below peak levels 

U.S. homeowners had lost $16 trillion in net worth between 2006, when home prices reached their peak, and 2011, when prices bottomed out. Home prices fell by a third in that period, and by the end of the third quarter of last year they had climbed out of that hole. The average U.S. home price was 1% higher than it had been at the 2006 peak. The data were included in a new report, "Evaluating the Housing Market Since the Great Recession," released last week by CoreLogic.

The recovery in home prices, though widespread, has not been universal. Current home prices in 14 states remain below their peaks, even though home prices have risen in every state and the District of Columbia between 2012 and 2017.

In Nevada for example, where the peak-to-trough drop of 60% in home prices was the worst in the country, home prices remain 23% below their peak levels, even though prices are up 93% from the low point. Click here to read the full article.
 

 

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  Application deadline approaching for NAR President's Liaisons  
  The Call for 2019 President's Liaison Applications has been issued (for US-based REALTORS® only)! The National Association of REALTORS® Global team seeks applications for the 2019 President's Liaisons appointments. In the President's Liaisons Handbook you will find more information about the program including the President's Liaison's detailed responsibilities, the travel grant policy, and other requirements. Interested individuals must submit their applications by April 15 to Supap Jitta at sjitta@realtors.org.

For more information and the application form, please click here.
 

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  Housing division promotes Emergency Solutions Grant Program  
 

Emergency Solutions Grant (ESG) applications became available last month. The ESG is funded by the U.S. Department of Housing and Urban Development (HUD) and provided to states to combat homelessness.

Nevada ESG funds are administered by the Nevada Housing Division to qualified organizations. Qualified organizations that receive an ESG award will identify sheltered and unsheltered homeless individuals/families; those at risk of homelessness; and will provide services to obtain stability in permanent housing.

Funding applications may be submitted by non-profit organizations and local units of government. Preference shall be given to agencies that provide rapid re-housing assistance to homeless individuals and families. Click here for more information.

 

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  Sign up for Taxbot webinar; learn about new tax laws  
 

How to get the most out of new tax law if you're self-employed

Did you know that the quickest way to accumulate wealth is lower your taxes to the legal limit? If you could simply keep more of the money you earn, it makes a huge difference. If you don't plug those holes then you are constantly filling a leaky bucket.

Join us for this webinar where you will learn why tax planning is so important. Taxbot will also teach strategies that you can implement right away that could put thousands back in your pocket this year. The webinar is scheduled for Wednesday, March 28, 2018 at 10 a.m. 

Click here to register for the webinar.

 

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