Christal Park Keegan, NVR Legal Information Line Attorney
The article in the adjacent link addresses a popular issue often discussed on the Legal Information Line. NVR Legal Information Line Attorney Christal Keegan touches on key points during this current busy real estate era like -- it is still highly recommended to obtain prior consent from those you are looking to call or text for marketing purposes to protect against TCPA liability.
Do you know how Nevada law reads on the subject? Read this short legal-themed FAQ article and learn all you need to know. If you have any questions, please email the Legal Information Line at InfoLine@NVRealtors.org. You can view the legal article on the subject by clicking here.
In our current seller's market, the national inventory of active listings is down 43.1% year over year, according to the Realtor.comJune 2021 Housing Market Trends Report. And a scarcer selection means people are paying more, too, with listings up 12.7% in price. All of this demand means buyers are going to ever-greater lengths to make their offer stand out. They're making sky-high offers and writing heartfelt letters to sellers about why they should get the house. But some buyers in especially tight markets are taking even riskier measures to beat out competitors: They're removing contingencies.
Contingencies, in the world of real estate, are essentially conditions that must be met to finalize the sale of a home. The provisions of a contingency contract are there to protect buyers and sellers. A contingency offers an escape hatch if problems arise with the home or the home-buying process. To read the full Realtor.com article, click here.
Additionally, you can read an article from the NVR legal team regarding the safeguards of contingencies by clicking here.
A top official from the U.S. Department of Housing and Urban Development joined policy experts from the National Association of Realtors® last Thursday to discuss solutions for the nation's historic housing supply shortage. The virtual policy forum went in depth on research commissioned by NAR and authored by the Rosen Consulting Group, which found that the U.S. is in the midst of an "underbuilding gap" of around 6 million housing units dating back to 2001.
The report, Housing is Critical Infrastructure, has taken center stage in national conversations on housing policy, particularly after President Joe Biden last week reiterated his administration's focus on housing as part of its broader infrastructure push. President Biden is aiming for what he called a "historic investment" in housing that would generate 2 million additional homes in the U.S. through construction and rehabilitation. Click here to read more.