Real estate lawyer John Zullo has been an influential figure in the Nevada real estate industry for more than 20 years.
He is the author of a number of books, including “The Landlord’s Guide to Nevada,” which has sold over 5 million copies.
Zullo, who has also served as a mentor to aspiring real estate agents, is also a professor of law at the University of Nevada Las Vegas.
We spoke with him by phone recently about the state’s recent real estate market and the challenges facing Nevadans.
How is Nevada’s real estate economy progressing?
Zullos real estate is a big part of that.
The economy in Nevada has been very strong.
The housing market is strong.
I’m very happy to say that Nevada’s economy is on a trajectory that I don’t see happening again for a long time.
In fact, I think it’s about to get stronger.
I think we’re seeing an improvement in the housing market in Nevada.
We are seeing a recovery.
And I think that the state will continue to see growth for a while.
What are the challenges that Nevadas real estate sector faces?
Nevada has a very robust real estate system.
And it’s been a very successful system for decades.
But the housing sector in Nevada is not as strong as it used to be, and the housing system in Nevada needs to evolve to meet new needs.
I don.t think we’ll be able to meet that challenge, and I think there are going to be challenges that will continue.ZULLO: What do you see as the big challenges in Nevada?
I think the biggest challenge that Nevads real estate has is that the housing situation is very precarious.
We have one of the highest unemployment rates in the country.
We’re going to see that unemployment rate in Nevada continue to climb.
And we’re going in a very, very rough patch.
And that’s the big challenge.
The second challenge is that Nevadas real estate isn’t growing.
We’ve had three straight years of growth in our home prices.
And the reason for that is because people are moving in, they’re buying, they are saving.
And they are building houses.
But they’re not buying because they have any of the housing supply that is available.
And so that supply of housing supply has dried up.
And then we’ve had the other side of the coin, which is people are just not building homes.
That’s why we have so much unsold homes, and that’s why prices have risen so much.ZILLO: So Nevada is a very tight housing market right now?
And one of those things that people don’t understand is that there’s not a lot of housing that’s going up in Nevada right now.
We don’t have that much land to build new homes.
And people just aren’t buying.
So there’s no demand.
And there’s lots of vacant houses.
And there’s a third big problem that I think is driving people to go out and buy a home in Nevada, which isn’t a new problem, but it’s a big problem, is the lack of incentives for people to buy homes.
So that’s another big challenge that we have in Nevada that is keeping people out.ZALL: What can Nevadians do to help out?
I would like to see a lot more people buying homes.
Because if we don’t encourage people to purchase homes, that means that we are going down the road to foreclosure.
We need to encourage people.
And you can do it by making it easier to buy a house, making it much easier for people who have been waiting for that, by increasing the taxes that people pay.
You know, you can make the tax structure much simpler and much more progressive.
And by increasing minimum wage to $15 an hour, which I think Nevada should do, I hope people will buy a couple homes in the state.
I really hope that that happens.
But we don.ttill see that happen.
And by and large, Nevadias economy is working, and we are in a great economic environment.
And a lot is going right.
And unfortunately, it seems like it’s going to take more of us than we want to see.ZIMMER: We want to thank John Zully for being with us.
And to read the full transcript of our conversation, go to our website at lads.net.
And don’t forget to join us next week, when we’ll tell you more about the most important jobs of the 21st century.