By 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 -- "I'm the listing agent, and my seller just returned the SRPD but it wasn't complete. Boxes weren't checked, etc. What should I do?"
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.
When 2021 is over, it will have seen the highest level of home sales in 15 years. So said National Association of REALTORS® Chief Economist Dr. Lawrence Yun, speaking at the Residential Economic Issues and Trends Forum earlier this month during the 2021 REALTORS® Conference & Expo.
Yun expects the year to end with a 15% national increase in median home prices. Next year will be robust as well, albeit flat, with prices up about 2.8% as rents continue to rise. Yun says builder activity is "bouncing back" and having its best year in more than a decade as well, though nowhere near where it was in 2005.
"The housing market has been the one bright spot during the pandemic for two major reasons," Yun said. First, low interest rates, and second, COVID-19 itself. Click here to read the full article.
Tax changes are likely coming. You've probably seen the headlines. With every new administration comes changes in the tax code. But this time it's a bit different. Because the proposed tax hikes on the table right now are the largest we've seen in America in over 40 years. So right now you are probably wondering two things:
What does this mean for you and your business?
Is there anything you can do about it?
The good news is, if you plan ahead, you can negate many of these tax increases. And just to be clear, you can do this while staying 100% compliant with the tax code. We want to share steps you can take right now to pay as little in taxes as legally possible, even with the proposed tax hikes.
Nevada Independent article illustrates how trend is spreading to Silver State
A new Reno housing complex will pair five young women who transitioned out of foster care with five senior citizens in need of affordable housing ... Similar models have been built for an often-overlooked group: Youth who have transitioned out of foster care and are living on their own, usually without financial and emotional support.
Such housing models nationwide have dual aims: soothing the loneliness of often-isolated seniors and youth who find themselves alone in the world, with limited income. They also solve deeper social problems that arise when these needs are not met - people both old and young ending up on the streets, or hospitalized, suffering both physically and emotionally. The Reno facility, set to break ground next month, is one of the latest examples. Dubbed the Gen Den, the 10-unit building will house residents who will pay $500 a month for a one-bedroom apartment. The project aims to be open in about a year. Click here to continue reading the NV Indy article.
