In observance of the Christmas Day holiday, the EBCBOR office will be closed
Monday, Dec. 26.
Our office will reopen to its normal business hours Tuesday, December 27th.
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It's Time to Plan for the New Year
The New Year is right around the corner. While you may be busy closing deals and putting those finishing touches on your annual holiday party for your clients, it's crucial to set aside a day or two to assess your wins and challenges in 2016, think about what you want to achieve in 2017, and craft a plan to achieve those goals. Follow these steps to plan a successful 2017.
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2017 Home Design Trends
Learn about the latest on the residential style horizon so you can help clients meet their own needs as well as those of future buyers when it's time to sell. Housing styles emerge slowly and typically appeal first to cutting-edge architects, builders, and interior designers. As a trend spreads and gains wider interest, it may go mainstream, become almost ubiquitous, and eventually lose its star power.
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Time is Running Out - Only 8 More Days Until the Dec. 31st Deadline!
We're down to the wire! Members of the National Association of REALTORS® are required to take a Code of Ethics course every four years, and we have what they need! Previously known as the NAR Quadrennial Requirement, be sure your agents complete their Ethics course by 12/31/16.
CLICK HERE TO REGISTER!
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November's Bergen County 10K Market Report
The story has remained consistent as concerns residential real estate. In year-over-year comparisons, the number of homes for sale has been fewer in most communities. Meanwhile, homes are selling in fewer days and for higher prices. This hasn't always been the case, but it has occurred with enough regularity and for enough time to make it a trend for the entirety of 2016.
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Obama Blocks Oil and Gas Drilling off New Jersey
In a parting gift to New Jersey's Shore-based tourism industry, the Obama administration announced Tuesday that it will indefinitely bar oil and gas drilling in 31 canyons beneath the Atlantic Ocean from the Chesapeake Bay up to New England, a move that could reduce a potential environmental and economic threat to New Jersey.
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Existing-Home Sales Forge Ahead in November
A big surge in the Northeast and a smaller gain in the South pushed existing-home sales up in November for the third consecutive month, according to the National Association of Realtors®. Total existing-home sales , which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 0.7 percent to a seasonally adjusted annual rate of 5.61 million in November.
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Giving Millennial Homebuyers What They Need
With the housing market seeing significant recoveries in home prices, many millennials are making a move toward homeownership. In fact, according to the National Association of REALTORS®, "for the third straight year, the largest group of recent buyers were millennials." For many in this generation, this will be their first home-buying experience, and they'll be looking to their agents for help.
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GSE Announce New Modification Program
On Dec. 14, 2016, the Federal Housing Finance Agency (FHFA) announced the development and implementation of Fannie Mae and Freddie Mac's new Flex Modification program which will replace the Enterprises' current Home Affordable Modification Program (HAMP®) which expires at the end of the year.
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New York still the Apple of Foreign Property Investors' Eyes
New York City remained the top choice this year among foreign investors in commercial real estate while Washington fell to No. 15 as a global destination and dropped from the top five U.S. cities for the first time, a survey showed on Thursday. New York is in its seventh year as the prime U.S. city for foreign investors, and its third year as the top global city, members of the Association of Foreign Investors in Real Estate (AFIRE) indicated in the survey.
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