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NAR presentation touches on millennial impacts, other factors in current housing market

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It's certainly no secret in the real estate community that the millennial generation is impacting the housing market. Jessica Lautz is NAR's Managing Director of Survey Research and Communication. Her presentation "Avocado Toast for One, Please" poked fun at the premise many millennials are spending $20 for avocado toast rather than saving for a home. Lautz presented to a group of nearly 400 at an NAR Members Edge event, which was the highlight of programming at the Region XI REALTOR Conference in Albuquerque, NM April 11-13.

Lautz's presentation shared plenty of insights into the current home buying trends of buyers of all ages. Some of the key points: minority homebuyers are growing; millennial homebuyers now outnumber baby boomers, the marriage rate among homebuyers is falling and homebuyers are living longer. Click here to read the complete story with more great facts and figures.


Keith Kelley continues to serve

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At 37, Keith Kelley was self-employed and had been running his own landscaping business for more than 15 years. That was 1986, and the times, they were a changin’ in Las Vegas. Kelley, now 68, thought he needed a change too so he jumped off his career path and found a different one. His new path led to real estate and for Kelley, proved to be his own personal yellow brick road.

More than three decades later, real estate has become a passion for Kelley. Since becoming a REALTOR® after his mid ‘80s career path swap, Kelley has seen just about every peak and valley of Nevada’s real estate landscape. And while Kelley has seen plenty, he knows he hasn’t seen it all and that’s what he loves about the real estate industry.

“You never have the same transaction. Every single one is different,” Kelley said. “You have so many things that can happen - different clients, different properties. Some are similar but never the same. It’s nice to have people come back. They recommend you and use your services again. But the industry is always changing.” Read more here.

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Hot Legal Issues

 

Nevada REALTORS® Legal Counsel writes articles and updates on important legal topics.  You can find these articles here.

Real Estate Today Radio

 

Real Estate Today is an-NAR produced national radio show that offers listeners an opportunity to exchange information and learn from some of the nation’s most recognized experts on a variety of real estate related topics such as buying and selling homes, obtaining mortgages, seasonal markets, home improvements and more. The show also airs nationwide on XM Satellite Radio, and worldwide at www.RETRadio.com. Click here to listen to current or past programs.