Inside this issue
  Nevada REALTORS® to serve in leadership roles on NAR committees  

Nevada REALTORS® got good news earlier this month when NAR released its committee chair and vice-chair appointments for 2019. Three Nevada REALTORS® were given the honor. Nevada and Colorado were the only two states in Region XI to be awarded two national committee chairmen.

Bobbi Miracle and Scott Beaudry were selected as chairmen for the Federal Technology Policy and Data Strategies committees respectively. Additionally, Soozi Jones-Walker was tabbed as 2019 vice chair for the Commercial Real Estate Research Advisory Board.

"Our association is very proud of this news," Nevada REALTORS® CEO Teresa McKee said. "To see Nevada honored with this representation means our great state has hard-working, knowledgeable people invested in the business of promoting the REALTOR® cause and that is being recognized at the national level."

Only Chairmen and Vice Chairs were recently announced. Committee member announcements will be made in October.



  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, SNR, 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 Distinguished REALTOR® Award (NDRA) and REALTOR® Active in Politics award (RAP). The deadline for the NDRA and RAP awards is Monday, Oct. 1. Nominate a deserving REALTOR® today! Click here to submit a nomination.


  Economists: Builders add more inventory, but not enough  
REALTOR® Magazine article says despite national growth, new home starts are down in the West
Homebuilding eked out a slight increase in July, but economists say it's still not nearly enough to catch up with home buyer demand or to help cool rising home prices. The Commerce Department reported Thursday that total housing starts for both single-family homes and multifamily building rose 0.9 percent last month to a seasonally adjusted annual rate of 1.17 million units. This was following a nine-month low in June of 1.16 million.

Homebuilding was on the rise the most in the Midwest last month, increasing 11.6 percent month over month, with a 10.4 percent in the South. On the other hand, construction plunged by 11 percent in the West and by 4 percent in the Northeast. Read more by clicking here.


  Net worth of homeowners 44 times more than renters  

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released.

The study revealed that the median net worth of a homeowner was $231,400 - a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013). These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter. Click here to read the full story.



  Registration open for NAR annual conference in Boston