Inside this issue
  It's Not Soup Yet! - Episode 12  

Nevada Realtors 2023 President Tom Blanchard, Past President Chris Bishop (2020) and 2023 Legislative Chair Keith Lynam discuss the Silver State real estate industry and policy impacts as the Nevada Legislature continues its 2023 session. 

*A Reminder that Bills and Bill Draft Requests are CONSTANTLY CHANGING during Session. The information contained in this video MAY NOT BE CURRENT for more than a couple of days. Please view updated “It’s Not Soup Yet” videos and read the REALTOR Advocate which goes out to NVR members via email every Friday during session for the latest information.

Watch the latest weekly video here.



  Deadline quickly approaching to apply for NAR committees  

REALTOR® members can apply to a 2024 Committee and help shape the direction of the National Association of REALTORS®. Now through May 15, members may submit their applications in order to be considered for a committee leadership or member position. 

NVR members are encouraged to submit multiple applications (up to five) in order to be considered for all committees they have an interest in serving on. However, members will only receive one appointment, per current policy. Applications are compiled for review by NAR Officers during the NAR committee selection process.

To the extent possible, the composition of committees shall be representative of the general membership. While broad-based representation is desirable, this should not be construed as limiting the president from appointing the most knowledgeable and competent individuals available to serve on committees. Click here to apply for an NAR committee.



  Study: Homeowner wealth 40x more than renters  

Most owners have earned more than $100,000 in equity over the last decade, according to new NAR data

Property appreciation has surged along with home prices in the last decade, giving most homeowners more than $100,000 in equity over that time period and lending further evidence that homeownership is an important avenue to build household wealth.

Middle-income homeowners have seen their properties appreciate by 68% since 2012, accumulating $122,100 in wealth, according to a new report from the National Association of REALTORS® released during the 2023 REALTOR® Broker Summit. Low-income homeowners who earn less than 80% of their area’s median income saw $98,900 in equity gains in the same time period, while upper-income households who earn more than 200% of their area’s median income accrued $150,800 in equity, according to NAR’s report, “Wealth Gains by Income and Racial/Ethnic Group.” Click here to read more.



  Invest in a market that you know best – real estate  

Presented by NAR’s Center for REALTOR® Financial Wellness and the Center for REALTOR® Development, NAR’s Real Estate Investment Summit is a three-part virtual event that will cover valuable information for new and established agents. Attendees can expect to learn strategies for generating consistent cash flow and building long-lasting generational wealth. 

Register before May 12 to be entered into a $100 gift card raffle. Three lucky winners will be announced each session. Each two-hour recorded webinar, taking place on June 7, 14 and 21, will help you alleviate worry when it comes to financial planning and turn your love of real estate into investments that fund your retirement. Click here to register.