The Legislature has approved New Jersey's first gas tax hike since 1988 and raise prices by 23 cents a gallon.
The gas tax increase cleared the Senate by a vote of 24-14. The Assembly then voted 44-27 on the tax increase, approving a deal to raise the state's gas tax to pay for work on roads, bridges and public transit.
Bergen Light Rail in Line for Rebirth
Elected leaders in eastern Bergen County on Saturday cheered the news that the long-delayed extension of light rail service into Bergen may finally happen, thanks to the unexpected deal in Trenton to raise the gasoline tax by 23 cents a gallon to replenish the state's Transportation Trust Fund.
LEGISLATIVE NEWS
HOT TOPIC ALERT: Homeowner Associations
More than half of the owner occupied households in the U.S. are part of a homeowner association (HOA). HOAs provide a variety of services to the community in which it belongs-lawn maintenance, snow removal and uniformity in home appearance just to name a few. However, HOAs with too many restrictions may deter potential buyers. In 21 states, HOAs have "super liens" for unpaid assessments, meaning the HOA could foreclose on properties before a lender.
FHA Revises Handbook on Appraisals
NAR sent a letter to the Department of Housing and Urban Development (HUD) Secretary Julián Castro thanking him for listening to NAR's concerns and revising the Single Family Housing Policy Handbook 4000.1 (the Handbook) appliance review requirements for FHA appraisals.
The Presidential Elections are just around the corner!Registration deadline is October 18.
NOT REGISTERED? Stop by the EBCBOR office to pick up a Registration Card.
When someone is looking to buy a house, whether it's that person's first or fifth time - there are always pressures and worries associated with the purchase. All buyers experience stress, regardless of their price point or knowledge of the process, and they want to know their agent takes the time to be with them. Agents need to acknowledge them and immediately work to resolve the problem.
NJ Realtors® succeeds because of the dedication of our members.
Facebook's Marketplace Feature Includes Housing Category
After years of tossing property listings into news feeds and groups, real estate agents finally have a formal way to post them to Facebook. The social media giant has rolled out a marketplace that lets people post all manner of things for sale, including houses.
GLOBAL PERSPECTIVES
U.S. Commercial Real Estate: A Favorite among Foreign Investors
Considerable press has been given lately to high-profile real estate acquisitions made by foreign investors, particularly those from China. China Life Insurance Group Co. recently purchased a $1.65 billion Manhattan office tower on Sixth Avenue. These high-ticket projects make headlines. But the real story lies in the steady growth of overseas investment in small- to mid-balance commercial real estate transactions.
INDUSTRY EVENTS
EDUCADE - Tuesday, October 18th
INSTRUCTOR: Eileen Cahill
Eileen Cahill has served as a Realtor Associate® since
1985. As a licensed New Jersey Real Estate Instructor she has contributed to the real estate community by preparing those interested in pursuing a real estate career. FREE to members. REGISTER by Oct 9th. No walk-ins.
NAHREP Business Rally is October 20th. Keynote speakers are Real Estate's top producers: Leo Pareja, Former No.1 Keller Williams Realtor in the U.S. Ronnie Glomb, 2015 Platinum Circle of Excellence having closed 180 transactions exceeding $80,000,000.
CLICK HERE to Pre-Register.
Celebrate Bob Oppenheimer's Installation as 2017 NJR President!
Early Bird Registration closes October 17th!
Join us at the EBCBOR Hospitality Suite at Triple Play December 6th & 7th at the REALTORS Convention in Atlantic City! EBCBOR will host Breakfast, Lunch, & "Wine & Rewind" for members in Room 418 of the Atlantic City Convention Center. Admission is Free to EBCBOR Members. REGISTER TODAY!
AFFILIATE PARTNERS
Eastern Bergen County Board of REALTORS | 201.288.5000 | [email protected]
