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EBCBOR Members Make their Way to Capitol Hill
EBCBOR members met this past Wednesday with members of Congress Scott Garrett, Bill Pascrell, Albio Sires and their staff to discuss some of the most important issues for New Jersey. Some of the most important topics discussed included Mortgage Interest Deduction (MID). Although no tax reform has been introduced in the current congress, both the House and Senate are developing plans to move their vision of tax reform net year. Our members discussed how MID has made home ownership possible for millions of American families, while also strengthening society, and therefore asked them to reject tax reform plans that eliminate or marginalize MID for primary and secondary homes. In addition, our members thanked the Congressmen for Supporting H.R. 2901, ("Flood Insurance Market Parity and Modernization Act") & H.R. 3700 ( "Housing Opportunity Through Modernization Act") and asked them to urge Senator to Pass the House Bill H.R. 2901 and to bring H.R. 3700 to the Floor of the Senate. EBCBOR was led by Federal Political Coordinators (FPC), Randy Ketive and Robert Oppenhiemer. VIEW 2016 TALKING POINTS
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Senator Warren Speaks at NAR Legislative Meeting about Student Debt Alarm
Senator Elizabeth Warren (D- Mass) spoke on Wednesday about the crisis in student loan debt. She urged that Realtors must take a leadership role with Congress to do something to change this.She discussed how in one month, a million college graduates will enter the ranks of "would-be first time homebuyers", but with the enormous debt loads, they will not be qualifying as potential buyers.
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Speakers
Lawrence Yun,Chief Economist, Sr. VP of NAR and
Marc Vinter, Senior Economist of Wells Fargo discuss
Commercial Economist Issues and Trends
Economic growth remains relatively sluggish. The overall outlook is that GDP growth expected in 2016 is only 1.6 percent. Homebuilding and consumer spending is driving growth which is offsetting slow global influences.The Millenial generation is definitely influencing the world's patterns.Their generation's shopping patterns have influenced the retail markets. Online shopping has affected job growth in the retail sector.
VIEW SLIDESHOW
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NAR 360 - 'Modern Family' Lifts the REALTOR® Brand
Among the many things that stood out on Tuesday's General Session, the new branding effort through the "Phil" ads is going to make a positive impact in the way consumers view REALTORS®. Using a high profile character from a primetime hit Modern Family will increase awareness of the stark difference between a real estate licensee and a REALTOR®. Building the value proposition of a REALTOR® will impact our members' bottom line.
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In order to vote in New Jersey's primary election on
June 7, you must be registered by
May 17.
To vote in the General Election on
November 8, you must be registered by
October 18.
NOT REGISTERED?
Stop by the EBCBOR office to pick up a Registration Card. Available in 3 Languages.
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Homebuyers report positive experiences, request better online resources
Despite today's time-consuming lending process, more than 70 percent of the 1,300 homeowners surveyed in this year's fourth annual TD Bank Mortgage Service Index rated their most recent buying experience as "very good" or "excellent," an increase of nearly 10 percent over the past two years.
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8 horrible real estate marketing ideas you must avoid
Here are some helpful tips to amp up your real estate marketing efforts and dominate this spring market. We all know that creative marketing is needed to stand out from the competition. While you are coming up with a way to share your message, be sure to steer clear of these horrible real estate marketing ideas!
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"If You Don't Go, You Won't be in the Know." Registration Now Open!
The Realtor Conference and Expo will take place at the Orange County Convention Center West in Orlando, FL, Nov 4-7th.
General Colin L. Powell, USA (Ret.), will provide the General Session's keynote address. Don't miss out on REALTORS® Night Out at Universal Studios Florida® on November 6. The entire theme park had been reserved just for attendees! Don't wait,
REGISTER NOW!
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Wesmont train station in Wood-Ridge to open in May
Residents and elected leaders in Wood-Ridge won a long-sought victory Tuesday with news that NJ Transit will open the Wesmont train station on May 15. The station was first announced in 2008, and NJ Transit has delayed its opening at least five times since 2011.
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Home Buyers Taking a Closer Look at Property Taxes
There was a time when property taxes were an afterthought for home buyers. But as North Jersey property taxes have climbed, adding hundreds of dollars to monthly home payments, buyers are increasingly comparing town tax bills. According to an analysis by The Record, property taxes are a median $9,800 in Bergen County and $9,100 in Passaic.
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Why it is vital that agents understand FIRPTA changes
It is important for international real estate professionals to understand the transactional nuances that foreign investors face over buying and selling property in the United States.
This is particularly true of the Foreign Investment in Real Property Tax Act (FIRPTA), which has undergone changes introduced in February 2016 and imposes certain responsibilities on agents.
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The Real Reasons The Chinese Love Throwing Money Into The Housing Market
Chinese investors tend to have a strong preference for putting their money in housing, coupled by a far weaker interest in other forms of investing. According to China's National Bureau of Statistics, 90% of families in the country own their own home, while Nomura estimates that roughly 21% of China's urban households now own more than one house, with some cities supposedly boasting 200% home ownership rates.
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How are agents using social media?
Last year, it was Instagram; this year, Snapchat. At this point, Facebook is considered legacy - but it's still going strong, whereas Twitter's growth hasn't been nearly as robust. Social media is everywhere, and humans are all over it. There's more advice about how real estate agents should operate on social media than anyone could possibly follow.
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