Monthly Archives: May 2015

Property Tax Statistics by State

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RealtyTrac® tracked some interesting data on property tax rates in more than 1,000 counties across the country as well as by state and MSA. The recent report provides a breakdown of average 2014 property taxes and effective property tax rates by number of years owned and by property value range. Highlights of the findings on effective rates… Read more »

DETR Projects Job Growth

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A press release from the Department of Employment, Training and Rehabilitation last week predicted job gains in Nevada as follows: 45,000 in 2015 52,000 in 2016 60,000 in 2017 DETR’s chief economist, Bill Anderson, said he expects the state “will surpass the peak levels attained in 2007 around mid-2106.” The release noted that construction continues… Read more »

Median Price, Total Sales of Las Vegas Homes Up

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The median price of Las Vegas homes sold through the Multiple Listing Service (MLS) during April was $212,568, up 3.7% from $205,000 in March and up 10.7% from one year ago, according to a press release from The Greater Las Vegas Association of REALTORS® (GLVAR). The median price of local condominiums and townhomes, including high-rise condos,… Read more »

Nevada’s Prevailing Wage Law Needs Review & Reform

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ICYMI, Nevada’s prevailing wage law recently acquired a small chink in its armor. SB 119, a bill that excludes construction projects for school districts, charter schools, and the Nevada System of Higher Education from prevailing wage requirements, was signed into law in February. Two other measures concerning prevailing wage are still pending in the Legislature…. Read more »

NV (and National) Foreclosure Stats Continue to Drop

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ICYMI, in February the national foreclosure inventory was down 1.4% from January 2015, representing the 40th month of consecutive declines, according to CoreLogic. The states with the highest foreclosure inventory as a percentage of mortgaged homes were New Jersey (5.3%), New York (4.0%), and Florida (3.4%). The Las Vegas foreclosure rate (2.2%) is still higher… Read more »