Inside this issue
  NVR leaders attend '23 REALTORS Legislative Meetings  

Nearly 100 Nevada REALTORS® members were in the Washington, DC area last week to attend NAR’s annual Legislative Conference & Expo. For the first time, the event was hosted at the Marriott Marquis DC and adjoining Walter E. Washington Convention Center.

The midyear conference was back live for the second straight year after a two-year hiatus due to the Pandemic. The highlight of the week came when REALTORS® from across the nation converged at Major League Baseball’s Nationals Park on May 9 to host members of Congress and their staff members.   

Click here to learn more about the Nevada contingent's activities at the conference. 




  NAR BOD says yes to new budget approach  

NAR Board of Directors May Meeting Wrapup

The National Association of REALTORS® Board of Directors today approved the 2024 budget proposal for NAR’s Operating, Advocacy, and Consumer Advertising Campaign program. In a first for the association, every program is specifically linked to how it delivers on the association’s new Strategic Plan and Diversity, Equity and Inclusion Strategic Plan. The 2024 annual dues amount will be $156 per member; that does not include the $45 per member annual assessment for the “That’s Who We R” consumer advertising campaign. 

The budget and dues level are built on a membership forecast of 1,380,000 for 2024.

Directors also approved a Finance Committee proposal that, beginning in 2025, the association use the consumer price index (CPI) as a guide in recommending an annual dues amount for approval by the Board of Directors. Each year, the Finance Committee will analyze the CPI as a point of information in recommending the annual per member dues amount. This approach gives the committee the ability to pause or reduce any increase based on the index after assessing NAR’s overall financial health and current economic conditions. Click here to read more. 



  MidasIQ: How to save taxes on short-term rentals  

Whether you like them or not, short-term rentals are here to stay and they’re changing the real estate game.  

These unique rentals have some very compelling opportunities around them.  In this free webinar, we’re going to show you how to use investments in short-term rentals to lower your taxes!  We’ll also show the common pitfalls that could increase your taxes, if you don’t know what you're doing.  

Learn more and register for the upcoming webinar from MidasIQ, a long-time Nevada Realtors member-benefit partner. The webinar is scheduled for Thursday, June 8 at 10 a.m. Click here for the registration link. 



  Yun: Fed's recent rate hike unnecessary  
NAR Chief Economist Lawrence Yun

National Association of Realtors® Chief Economist Lawrence Yun said the Federal Reserve's most recent rate hike was unnecessary, and he expects the Fed will stop raising interest rates further, during the "Residential Economic Issues & Trends Forum" at NAR's 2023 REALTORS® Legislative Meetings.

Yun discussed recent developments in the U.S. economy and their impact on the housing market. Robert Dietz, chief economist for the National Association of Home Builders, talked about the challenges that homebuilders continue to face and possible changes in the building sector. The forum closed with a panel discussion between Realtors® Bobbi Howe and Maura Neill, who examined the current market conditions and challenges in their areas. Click here to learn more.