NVAR survey shows more optimism in Nevada's housing market

by | Jul 27, 2017

RENO – The housing market in Nevada continues to improve and is in better shape today than it was two years ago.

So says a recent survey of nearly 600 REALTORS® from throughout the state conducted by the statewide Nevada Association of REALTORS® (NVAR).

In its most recent survey of its members, conducted via an online survey between March 22 and March 31, NVAR found that 71 percent of the 596 respondents said they believe the local housing market “got better over the past year.” That’s up from 65 percent of all Nevada REALTORS® who reported feeling that way when answering the same question about their local housing market in NVAR’s 2015 survey.

Read more here.

NVAR survey shows more optimism in Nevada's housing market

RGJ: NVAR report shows HOA foreclosures tied to more than $1B in lost Reno, Vegas home values

WEB-WolfRunHouse1Foreclosures by homeowner associations in Nevada’s two major counties led to more than $1 billion in lost property sale values, a report found.

The Nevada Association of Realtors report looked at the impact of sales involving properties that were foreclosed after residents failed to pay their HOA fees. The study was done by the University of Nevada, Las Vegas’ Lied Institute for Real Estate Studies.

Homeowners association foreclosures are a controversial topic in Nevada, where HOA assessment liens are given higher priority over the rights of the first mortgage holder such as the lender.

Geoff Giles, a Reno real estate attorney, says he is surprised that the lost value in the Nevada Association of Realtors report was not higher. Read more here.