Inside this issue
  New laws impact landlord/tenant rights, eviction process  
SB151 went into effect July 1
By NVR General Counsel Tiffany Banks
Many of our Nevada REALTORS® members are already aware of the significant changes to landlord/tenant law as of July 1, 2019. The way landlords and property managers in Nevada deal with evicting a tenant will be changed in a big way.

SB151 also has an impact on investors and how they do business in Nevada, or if they even want to continue to do so. We will touch on some of these changes, what we know and what we don't know. We will also keep you updated in the coming weeks as we learn more. Now that these laws are in effect, the question is, how will courts interpret these laws? Click here to read all the details. 


  Builders pivot to hit market with more affordable homes  

Forbes article attributes change to more
millennials jumping into market 

When mortgage rates went up from the 3%'s to nearly 5% in the second half of 2018, builders felt a pinch from lower sales. Now that mortgage rates have come back down again, many home shoppers are feeling like they now have a second chance to buy a home and lock in a rate at generational lows. 

But builders aren't taking the market's improvement for granted. Large home-building companies have been gearing up for the past several years to bring homes to market that target first-time home buyers. Click here to read the full article.



  Data reveals vacation home hot spots across country  

No surprise, Lake Tahoe area dominates
Nevada vacation home market

Whether it's a cabin in the woods or a beachside bungalow, vacation homes come in all shapes, sizes and locations. We took a closer look at vacation home destinations across the country to find which cities and towns have the most vacation homes. We also analyzed the overall percent of vacation homes in every state.

We researched vacation home data from more than 29,000 different census designated places across all 50 states and ranked the top three locations with the most vacation homes in every state. View how each state stacks up, including Nevada, by clicking here.



  Five key factors driving broker profitability  

Brokerages' gross margins and company revenues are continuing to face downward pressure, according to a new report from REAL Trends looking at brokerage profitability. However, some brokerages are standing out from the pack and maintaining and driving profits.

REAL Trends surveyed hundreds of brokerages to identify the top five key drivers influencing profitability. Read about those five profit drivers by clicking here