Inside this issue
  Leadership Academy members charitable with their time  
  Members of the 2018 Nevada REALTORS Leadership Academy have had a busy spring volunteering their time.  Seven members of the 2018 class, all from the Reno-Sparks Carson-Tahoe region, volunteered to host a 'Chef for a Night' event at the Northern Nevada Ronald McDonald House on April 17. Jordan Ames, Deana Davis , Rian Haag, Erika Lamb, Melissa McCain, Sandee Smith and Ginger Stoner comprised the group.

The Leadership Academy chefs bought food, prepared it and served a meal to the three families hosted at Reno's Ronald McDonald House last month. The REALTOR leaders also toured the facility and learned about the work done by Ronald McDonald House charities.

"We laughed with the children who wanted to see what we were up to in the kitchen, while making their lucky charm Rice Krispie treats," Haag said. "We had such an amazing experience. The Ronald McDonald House has a lot more events we all hope to attend throughout the year."

Doug McIntyre, the 2018 Reno-Sparks Association of REALTORS President, and a 2016 Leadership Academy graduate, took part in the evening of festivities as well. Northern Nevada's Ronald McDonald has been helping families for 31 years in the region after opening its doors in 1987.

Leadership Academy 2018 has set a goal to give back 100s of volunteer hours to charitable youth events around the state. Christina Chipman, Christina Cova-Simmons, Yared Rivera and Rexalynn Walberg - all 2018 Leadership Academy participants from Las Vegas - were busy last month as well, helping host a charity bowling tournament in conjunction with GLVAR's Community Outreach Committee.

Bedford Jackson, another Las Vegas-area Leadership Academy member, donated his time working the hot dog grill for a Boys & Girls Club's ClubChella event and working as a sideline official for the Rugby 7s charity youth tournament.   

"The rugby tournament was a new experience for me and great for the children. You should have seen how involved they were," Jackson said. "At ClubChella, the children and staff enjoyed the 'Grill Sergeant' that was pulled out of dormant status from my military and college years.  It was a grand time, and I would definitely do it again." 


  America's Housing Crisis Is Spreading To Smaller Cities  

Huffington Post article says the next front in the battle over affordable housing isn't in large cities, but mid-size ones like Boise and Reno

"Have you considered the racket and the lights and the crowds and the traffic, and everything that's going to happen to those of us who live here?"

It is a familiar sight in America: the public meeting, the angry residents, the housing developer trying to explain himself over the boos. Except this is not San Francisco or L.A. or Boston. It is Boise, Idaho.

And it is a preview of the next chapter in the housing crisis. Rising rents, displacement and, yes, NIMBYism are spreading from America's biggest cities to those in its middle tier. Last year, according to an Apartment List survey, the fastest-rising rents in the country were in Orlando, Florida; Reno, Nevada; and Sacramento, California. Another survey, by RentCafe, found exactly one city with a population greater than 500,000 ― Las Vegas ― in the top 25. The full story is available, click here.


Top Where Are Home Prices Shooting Up the Most?  

Las Vegas among metros many buyers may not expect

Home prices in Las Vegas are shooting up higher than the hotel and casino towers on the glittering Strip.

Prices for single-family homes were up across the nation by about 7% annually as of March. But Las Vegas led the pack of metros, with the largest annual price hike, 12.6%, as of March, according to real estate data firm CoreLogic's recently released Home Price Index. (That's higher than San Francisco, where single-family homes were 10.8% more expensive year over year.)

Among the states, Nevada tied with Washington for the largest price gains, at 12.6%, according to the report. Sorry, Silver State buyers. Click here for the complete story.



  Equity-Rich Properties Hit Tipping Point  

The number of equity-rich properties in the U.S. may have reached a tipping point, according to ATTOM Data Solutions' First Quarter 2018 U.S. Home Equity & Underwater Report. Equity-rich properties in the U.S. in the second quarter are down from their peak in the second quarter of 2017. ATTOM Data Solutions defines "equity rich" as borrowers who have at least 50 percent equity in their property.

The number of properties with 20 to 50 percent equity dropped by 1.7 million compared to a year ago, the report shows. More than 19.5 million U.S. properties had between 20 and 50 percent equity at the end of the first quarter, which is down 8 percent from a year ago. 

Still, one in four properties-or 13.8 million-with a mortgage were considered equity rich by the end of the first quarter. That is up by more than 122,000 from a year ago but down from a peak of more than 14 million equity rich properties in the second quarter of 2017. Click here to read more.