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Active Military Homebuyers Purchase at Younger Ages, Buy Larger and More Expensive Homes
Differences in household demographics and affordable financing options spur homebuying demand for young active-service military members, causing them to significantly outpace the share of non-military homebuyers under the age of 35, according to the first-ever 2016
Veterans & Active Military Home Buyers and Sellers Profile
, which evaluates the differences of recent active-service and veteran home buyers and sellers1 compared to those who've never served.
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Don't Blame Student Debt For The Lack Of Millennial Home Ownership
On average, a person with student debt pays lenders about $350 a month. That is $350 that cannot be saved toward a down payment or contribute to monthly mortgage installments. This neatly packaged narrative has been promoted by leading
economists, but a new
report from the Brookings Institution questions whether the reality is quite so simple.
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REALTORS® Legislative Meetings & Trade Expo
Over 20 EBCBOR members will head down to the NAR's Mid-Year Legislative meeting in Washington, D.C. next week to meet with members of Congress, Scott Garret, Bill Pascrell, Albio Sires and their staff to discuss the most pressing issues for NJ Realtors. Our members will be discussing the H.R. 3700, G-fees, Flood Insurance, and Real Estate Tax Policies. Make sure to follow us next week for live REALTOR Party Convention updates.
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Registration Now Open!
ATTENTION ALL EBCBOR MEMBERS: Mark your calendars! 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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NATIONAL REBUILDING DAY APRIL 30TH
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EBCBOR volunteers help paint and refurbish home in Hackensack
The Eastern Bergen County Board of Realtors (EBCBOR), a Sponsor of the 2016 National Rebuilding Day, participated in a community project with Rebuilding Together Bergen County April 30th, National Rebuilding Day. Volunteers came together to help paint and refurbish a home in Hackensack, NJ. The EBCBOR team was led by Janet Ginsberg & Hilda Williams, Chair & Co-Chair of the EBCBOR Community Service Committee, and Project Coordinators EBCBOR members Lisa Fox & Alicia Pugh.
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Bergen County budget reviews shows new trucks, voting machines account for some cost hikes
New trucks for snow removal, upgraded voting machines and background checks for school-bus drivers are behind some of the cost increases in the county budget, members of the Board of Freeholders learned Tuesday during departmental hearings on the proposed spending plan for 2016.
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Projects ramping up around the GWB
In the next three months, the Port Authority will start a $112.6 million project to demolish and reconstruct the ramp from the Palisades Interstate Parkway to the George Washington Bridge and rehabilitate two sections of the New Jersey approach to the span.
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2016 Flood Insurance Rates
On April 28, 2016, the U.S. House of Representatives unanimously voted 419-0 for the Flood Insurance Market Modernization Act, H.R. 2901, sending the bill to the Senate. The bill encourages the development of private market options where property owners lack access to affordable coverage under the National Flood Insurance Program (NFIP). READ MORE
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Prieto cancels voting on A.C. bill, impasse continues
The impasse between lawmakers and Governor Christie over how to keep Atlantic City from going bankrupt will stretch into next week amid increasing questions of whether a deal can be struck in time to pull the heavily indebted city from financial collapse.
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Future TRID Rulemaking from CFPB
the Consumer Financial Protection Bureau (CFPB) announced that it is drafting a notice of proposed rulemaking on the Know Before You Owe rule, also known as "TRID." Since the Know Before You Owe rule went into effect on October 3, 2015, the industry has been working hard to understand and implement the rule which replaced the Good Faith Estimate and the HUD-1 with a Loan Estimate (LE) and a Closing Disclosure (CD).
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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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7 Cameras That Connect to Your Smartphone
Instantly share sharper images and higher video quality with your network. Here are the latest camera models to put to use in your marketing.
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How Today's Tech Will Transform Tomorrow
From virtual reality to online listings to drones, sometimes the most trans-formative moment in technology is not the moment of invention but the moment when the industry figures out how best to put new tools to work. Here are a couple of new tech tools that will change the real estate industry in the near future.
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