Inside this issue
  NVR video illustrates work of association, volunteer leaders  

Nevada REALTORS® released a new video this week, promoting the advocacy work of the association, led by its 2023 President Tom Blanchard and the executive team. The Association's volunteer leaders work year round to advocate for members as well as homeowners and private property rights. Leadership was in Washington DC in May at NAR's midyear Legislative Meetings to meet with national elected leaders and other REALTOR® leaders to promote the real estate industry.



  REALTOR® Merri Perry shares her road to success  

Merri Perry, a top real estate professional in Las Vegas and the newly named president-elect of the Las Vegas REALTORS®, shared her journey from a challenging childhood in Queens, New York, to her current success. Despite the hardships she faced, including a mother who was a gambler and a father who suffered from drug addiction, Perry was determined to forge her own path.

This article was shared last week in a 'Navigate with NAR' daily news and views email. The article was published in the Las Vegas Review Journal. 



  Nominations open for 2023 NVR awards  

Nevada REALTORS® is accepting nominations for its 2023 REALTOR® of the Year Award (ROTY), Nevada Distinguished REALTOR® Award (NDRA), Inspiring New Leader of Tomorrow Award (INLTA), REALTOR® Active in Politics award (RAP) and the Woodcock-Peek Legacy Award.

The deadline for the NDRA, INLTA, RAP and Woodcock-Peek Legacy awards is Friday, Sept. 29. The ROTY award deadline is August 15. Read the individual award qualifications and then nominate a deserving REALTOR. You can view the nomination application for awards by clicking here. Then, please email Stefania Volk at NVR with your nominations.



  NAR Economist: ‘Housing Recession Is Over’  

Pending home sales rose slightly in June, and the latest indicators are showing a housing market on the mend. Median existing-home sales prices in June soared to their second highest on record in the last two decades, and more buyers are facing multiple offer situations once again, the latest reports from the National Association of REALTORS® shows. NAR’s Pending Home Sales Index—a forward-looking indicator of home sales based on contract signings—rose 0.3% in June, the first increase in four months.

“The recovery has not taken place, but the housing recession is over,” says Lawrence Yun, NAR’s chief economist. “The presence of multiple offers implies that housing demand is not being satisfied due to a lack of supply. Homebuilders are ramping up production and hiring workers.” 

Housing inventories remain at historical lows, down 13.6% from even last year’s low levels. “There are simply not enough homes for sale,” Yun said in a recent report. Seventy-six percent of existing homes sold in June were on the market for less than a month, NAR’s data shows. Click here to read the full article.