Inside this issue
  Legal Minute: Include Brokerage in Advertising  
 

The video in the adjacent link discusses a popular issue often discussed on the Legal Information Line. The topic involves a real estate agent's obligation to include their brokerage name in all advertising. 

Do you know how Nevada law reads on the subject? Watch the short Legal Minute video and learn all you need to know.  If you have any questions, please call the Legal Information Line at 800-748-6999. Click here to watch the video.
 

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  Register today for the Nevada REALTORS State Conference  
  Registration kicked off earlier this month for the first Nevada REALTORS┬« state conference in more than a decade. The event is free to all Nevada REALTORS┬« members, however additional classes are available at reduced prices. 

The state conference is scheduled for June 5-6 at the M Resort in Las Vegas. The event will feature the high-energy Xplode Conference aimed at helping real estate experts with best practices and new, useful technology. Real estate author and trends expert Stefan Swanepoel and NAR Chief Economist Lawrence Yun will also be keynote speakers.

Additionally, designations courses will be offered at reduced prices. Team building and other state association presentations are planned as well. Click here to register for the fast-approaching two-day event. You can view the event flier to print and share with colleagues here
 

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  CNBC: Weekly mortgage applications stall; rates move higher  
 

Mortgage interest rates last week didn't start to climb until the end of the week, but even a few days were enough to dampen demand. Total mortgage application volume fell 0.2 percent for the week and was 0.8 percent lower than a year ago, according to the Mortgage Bankers Association's seasonally adjusted survey.

The stall was equal for refinance and purchase applications, even though the former are far more rate-sensitive. Applications to refinance a home loan fell 0.3 percent last week and were 16 percent lower than a year ago. The refinance share of applications fell to 37.2 percent of all applications, the lowest level since September 2008. Click here to read more.

 

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  Homeownership Rate Stable at 64%  
 

According to the Census Bureau's Housing Vacancy Survey (HVS), the U.S. homeownership rate was 64.2% in the first quarter 2018, which is statistically no different from its last quarter reading. The rate of homeownership appears to be on a sustainable upward trend after reaching a cycle low of 62.9% in the second quarter of 2016.

Compared to the peak of 69.2% in 2004, the homeownership rate is still down 5%, and remains below the 25-year average rate of 66.3%. On an annual basis, homeownership increased among all age groups under 55. The share of millennial who own a home increased from 34.3% a year ago to 35.3% in the first quarter 2018. However, it slipped 0.7% from a three-year high of 36% in the last quarter 2017.The homeownership rates of households ages 35-44 experienced a 0.8% increase, followed by the 0.6% gains registered by households ages 45-54. Read the full story by clicking here.

 

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