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NVAR Directors address squatter issues

Given the foreclosure crisis that Nevada, and specifically Las Vegas, has suffered through over the past decade, it should come as no surprise that Clark County has also seen a spike in squatter-related issues in recent years. NVAR Directors Scott Beaudry and Vandana Bhalla, along with Henderson Police Dept. Sergeant Kirk Moore, were all guests earlier this year on KNPR’s radio show The State of Nevada, discussing growing concerns over squatters in the Las Vegas valley.

A squatter is someone who takes over a property without owner consent. The State of Nevada host Carrie Kaufman said Las Vegas Metro received 4,500 calls of squatter complaints in 2015, up 22 percent from the prior year. However, what’s more alarming is that figure has jumped by 169 percent since 2012. Moore said HPD has received nearly 100 calls since November when AB386 went into effect. The new law governs how law-enforcement agencies investigate homes that have been broken into. Click here to read more. Click here to listen to the complete radio program.

 

Reno jumps to fourth among mid-size economic hot spots

Las Vegas sits 13th in large-size metros

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RCLCO, a leading national real estate strategy firm, first published an Economic Hot Spot map in 2013. At the time, the economy was recovering from the Great Financial Crisis at a very uneven pace across regions. The idea was to get a sense of where growth was currently happening and why. Based on trailing and forward 12-month indicators of factors such as growth, income levels, and economic structure, the map gave us a good indication of regional growth patterns.

In fact, the map turned out to be quite telling. Many of the high-ranking markets at the time were tech and energy related—and subsequently experienced substantial job growth that led to some of the hottest commercial real estate markets in the country, in terms of both demand and new construction. In fact, the top 15 large markets in our 2013 rankings accounted for 58% of net office absorption and 64% of new office construction in the 51 largest markets in the United States in 2014 and 2015. Click here for full story.

Hot Legal Issues

 

NVAR's Legal Counsel write 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.