Fort Lee mayor claims victory in bid to relocate post office
Representatives of the U.S. Postal Service said Wednesday that they were still reviewing the borough's proposal to relocate the post office from its home on Main Street to a new parking garage less than 100 yards away.
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Shared municipal complex study approved in Bergenfield and Dumont
Officials in Bergenfield and Dumont have commissioned an architect to study whether it's feasible for the communities to share a municipal complex. Matching resolutions passed on May 17 by each town's governing body represent the first formal move toward what ultimately could serve as a model in shared services.
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MEMBER SPOTLIGHT
From Left to Right: Jorge Ledesma, Allison Lucas, Robert Russo, Ed Lucas, Annekee Bhraver-Keely
Robert Russo is the 2016 EBCBOR Good Neighbor Award Recipient
Robert Russo, broker-owner of Russo Real Estate, was recognized with the Eastern Bergen County Board of Realtors' (EBCBOR) 2016 Good Neighbor Award. Robert was presented with the award at the Annual EBCBOR Legislative Midyear Meeting at the Teaneck Marriott at Glenpointe on May 26th. READ MORE
LEGISLATIVE NEWS
Landowners Win at U.S. Supreme Court in Wetlands-Development Case
The U.S. Supreme Court gave landowners a new avenue to challenge some federal regulatory decisions affecting their property rights, in a case that three conservative justices said raised troubling questions about government overreach.
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What could happen to Atlantic City if North Jersey casinos open
Currently, Atlantic City is the only place in New Jersey where casinos are legal. But the state's voters will be asked on November's ballot to decide whether to approve two northern gambling halls. READ MORE
New Jersey Primary Election is
June 7th. Visit
njelections.org to get a complete list of candidates.
INDUSTRY NEWS
Pay Attention to Single Female Home Buyers
Single women are a growing force in real estate, and now represent the second largest home buying group, right behind married couples. The median age of single women buyers is 32 years old, according to NAR's 2015 Profile of Buyers & Sellers Report, and their median income is $49,000.
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More House Flippers Are Emerging
About 6.6 percent of all single-family home and condo sales in the first quarter of 2016 were flips, a 20 percent uptick from the previous quarter and a 3 percent rise from a year ago. Home flips are now at the highest rate since the first quarter of 2014, RealtyTrac reports.
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INDUSTRY & LOCAL EVENTS
YPN Night at the Races Statewide Event
Network with Realtors® and industry professionals from around the state while overlooking unbeatable views of the NYC skyline.100% of proceeds will benefit the
Best Practices for Using Social Media in Your Business
Being a successful real estate professional means knowing how to navigate social media. It's almost impossible to network (especially to Millennials!) without Facebook, Twitter and Pinterest. And when used effectively, they can be cost-effective tools that help target new clients. READ MORE
GLOBAL PERSPECTIVES
Chinese Residential Purchasing Power Pushes over $150 Billion into U.S. Real Estate
Currently the biggest foreign buyers of American homes, this immense push from Chinese buyers has been extremely beneficial in aiding the success of the U.S. housing market recovery. A 2015 study by the National Association of REALTORS® showed that buyers from China made up 16 percent of all international buyers locking in single family homes in the U.S.
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Research Study: Global Cities 2016
Today, more than half of the world's population lives in cities, and the world continues to urbanize rapidly. By 2050, two-thirds of the world's population will live in urban areas, according to the United Nations. As these urban centers swell in size, their influence will only continue to grow. LEARN MORE
TECH TIPS
Hyperlapse, Instagram's New App, Is Like a $15,000 Video Setup in Your Hand
Instagram is lifting the veil on Hyperlapse, one of the company's first apps outside of Instagram itself. Using clever algorithm processing, the app makes it easy to use your phone to create tracking shots and fast, time-lapse videos.
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AFFILIATE PARTNERS
Eastern Bergen County Board of REALTORS | 201.288.5000 | [email protected]
