Inside this issue
  Lied residential RE conference nears  
  UNLV's Lied Institute for Real Estate Studies is gearing up to host its 2018 Lied Residential Real Estate Conference. The event is set for Sept. 13 from 7:30-10:30 a.m. at the Strip View Pavilion in the Thomas & Mack Center on the UNLV campus.

The event will feature national industry experts sharing insights on what to expect in residential real estate markets. Frank Nothaft, the Chief Economist for CoreLogic, will highlight a session that touches on the housing market in Southern Nevada, with a focus on home values, housing costs, credit profile of borrowers, mortgage trends, indicators of housing supply, demographics of buyers and immigration patterns fueling housing demand.

Another session will be led by Kev Zoryan, the Managing Director for Morgan Stanley Real Estate Assets. Zoryan's session will focus on current trends in the apartment markets, outlook on demand and other emerging themes in the multifamily markets.

The event fee is $110 per person or $990 for a table of 10. Nevada REALTORS® members and Nevada State Apartment Association members are eligible for a 10 percent discount. Click here to view the event flyer and for registration information.


  Application deadlines near for state positions, annual awards  
  The Nevada REALTORS® position of "Member-At-Large" has been renamed  "State Elected Director" by our Board of Directors after their actions at the June 4 meeting. Now, the new position not only allows Member-At-Large members to apply, but RSAR, SNAR, ECAR and IVR members are eligible to apply for this 2019 seat on the Nevada REALTORS® Board of Directors as well. Requirements for this position are located on the application on our website. Click here for the application.

Additionally, Nevada REALTORS® members interested in other state offices (President-Elect, VP, Treasurer) can follow the same previous attached link to see further details on those and potentially apply. The application deadline is Aug. 21.

NVR is also now accepting nominations for 2018 Nevada REALTOR® of the Year Award (ROTY), Distinguished REALTOR® Award (NDRA) and REALTOR® Active in Politics award (RAP). The deadline for ROTY nominations is Monday, Aug. 15. The deadline for the NDRA and RAP awards is Monday, Oct. 1. Nominate a deserving REALTOR® today! Click here to submit a nomination.



  REALTORS® score big win on business income deduction  
  The IRS on Wednesday published proposed rules on the 20 percent business income deduction that was created as part of last year's tax reform law. The rules are a win for real estate because they make clear that broad limitations included in the law will not apply to real estate professionals.

Under the new law, individual owners of sole proprietorships, including independent contractors and owners of S corporations, LLCs, or partnerships, can take the 20 percent deduction on their net qualified (non-investment) business income. The calculation will depend on income thresholds, what type of business you own, and how you meet certain wage and qualified property tests. But the basic structure is very favorable to you as a small business or independent contractor. The full story continues by clicking here.

Top Mortgage rates tick down, more buyers wait it out  

Interest rates for home loans ticked down as simmering trade tensions kept investors flocking to the safety of bonds, even as evidence mounts that more would-be home buyers may be giving up.

The 30-year fixed-rate mortgage averaged 4.60% in the Aug. 9 week, according to Freddie Mac's weekly survey, down one basis point. The 15-year fixed-rate mortgage averaged 4.05%, down from 4.08%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.90%, down three basis points. Read the full story, click here.