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KUNR Today: Sisolak To Revive Mining Oversight Board, Reno-Sparks Housing Prices Begin To Hold

An infographic with housing data. The median sold price for a house in Reno-Sparks in August was $530,000. Housing units are down by 13.8 percent from July, but active inventory is up by 3.2 percent. Homes in August took an average of 16 days to contract.
Reno-Sparks Association of Realtors
The Reno/Sparks Association of Realtors’ Market Monitor provides a snapshot of the area’s housing market in August 2021.";s:

Here are the local news headlines for the morning of Thursday, Sept. 9, 2021.

Nevada Division Of Insurance Releases Guidance To Help Wildfire Victims Navigate Next Steps
By Paul Boger

As firefighters continue to battle the Caldor and Dixie Fires, officials in Nevada are reminding residents to take preventative steps to protect their assets ahead of a wildfire.

The Nevada Division of Insurance said residents living in fire-prone communities should, first and foremost, take steps to know what their insurance covers. They should also take an inventory of their possessions and assets, then store that documentation in a financial backpack.

For residents affected by fire, the division recommends they call their insurance company as soon as possible, save all receipts and be aware of scams. The division also urges anyone doing business with a construction company after a disaster to make sure their insurance policy covers the work being done and that companies claiming to provide services, such as smoke removal, are legitimate.

Visit the Nevada Division of Insurance’s website for more information.

Sisolak To Revive Mining Oversight Board
By KUNR Staff

Governor Steve Sisolak is planning to revive the state’s Mining Oversight and Accountability Commission after a six-year hiatus.

According to The Nevada Independent, the regulatory board was originally created by the Nevada Legislature in 2011 to regulate the mining industry, similar to the state’s Gaming Control Board; however, the board stopped meeting in 2015 due to a lack of resources from the state.

Sisolak said he plans to make seven appointments to the board using recommendations from legislative and industry leaders. By law, only two of the board members can have a current connection to the mining industry.

NV Energy Urges Customers To Limit Power During Heat Wave
By Paul Boger

NV Energy is urging customers in Northern Nevada to conserve electricity Thursday evening from 5 p.m. to 8 p.m. due to excessive heat.

Residents are asked to avoid using large electrical appliances such as dishwashers, washing machines and dryers during this time, in addition to adjusting thermostats to 78 degrees, as well as closing doors and windows to keep the heat out.

The company said the conservation effort will offset energy supply issues caused by excessive heat in both Nevada and California.

Reno-Sparks Housing Prices Begin To Hold Steady, But High Demand Continues
By Paul Boger

Housing prices in the Reno-Sparks area seem to be holding steady, but demand continues to make buying a house a challenge.

The latest data from the Reno-Sparks Association of Realtors showed the median price for an existing, single-family home in the Truckee Meadows rose to $530,000 in August, which is the third straight month that housing prices have started to level off; however, homes continued to sell at a very rapid pace, with the average house going under contract 16 days after it was listed.

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