Existing-Home Sales Inch 0.7 Percent Higher in September
After three straight monthly declines, existing-home sales slightly reversed course in September, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis, according to the National Association of Realtors®.
LEGISLATIVE NEWS
Mortgage Deduction at Risk of Irrelevancy With Tax Reform Plan
The mortgage interest rate deduction has always been a selling point for those on the fence between continuing to rent or jumping into homeownership. While not the determining factor, the deduction is an influencing dynamic for buyers and an overall bonus of investing a large sum of their assets into a home.
TECH TIPS
Cyber Security: The Threat and the Measures to Take
The threat of cyber-crime is incredibly serious-more dangerous and more commonplace than ever before, as unwitting citizens on public and private networks are targeted daily by a host of cyber criminals. According to NAR's Associate Counsel Jessica Edgerton, the cost of cyber-crime will top $2 trillion annually by 2019-four times the 2015 statistic.
GLOBAL PERSPECTIVES
EBCBOR & Members have donated over $2,500 to the REALTORS Relief Fund in an effort to help Puerto Rico, Texas, The Virgin Islands & Florida who have been recently affected by Hurricanes Harvey & Irma.
US Dominates Global Cities for Real Estate Investment
Global property investment rose by 4% in the year to June to $1.5 trillion, reflecting improved sentiment in 2017, Cushman & Wakefield reported. According to the firm's annual survey of global commercial real estate investment activity, high interest from regional buyers drove growth.
COMMUNITY SERVICE & OUTREACH OPPORTUNITIES
EBCBOR Volunteers at Allison Park!
Members of EBCBOR's Community Service & Outreach Committee volunteered at Allison Park in Englewood Cliffs. Members enjoyed a the day outdoors doing some cleaning and up keeping at the park. The Community Service committee is always looking for members to join or volunteer! For more volunteer opportunities,
CLICK HERE.
NEWS YOU COULD USE
From Agent to Broker: 4 Decisions to Consider
Many real estate agents wonder what it would be like to have their own brokerage. There are a number of benefits that come with being in charge of an organization, but this also means additional responsibilities. While you'll often earn more, if you're thinking about becoming a broker for the sole purpose of increasing your income, you're not approaching it for the right reasons; however, if you want to build your own brand and create a unique company culture, it may be for you.
