December 31, 2016
NEWS YOU COULD USE
Three Steps to Find More Listings This Winter

You may be busy preparing your home, family or even wardrobe for winter, but don't forget that you should be preparing your business, as well. As the market slows down during the colder months, it may be more difficult to generate new listings. Because of this, now is an opportune time to look for FSBO and expired listings to work with.


5 Commitments Toward a Better Sales Year

If you think you could be even more productive in 2017, here are some ways to hold yourself to the challenge. Many real estate professionals aren't reaching their full potential because their daily patterns and habits are hampering their ability to do so.


INDUSTRY NEWS
Home Prices on Track to Increase 5 Percent
 
More forecasts for housing in 2017 are trickling in, most recently out of CoreLogic, which estimates home prices will increase 4.6 percent by this time next year. Prices this October, according to CoreLogic's Home Price Index (HPI), increased 6.7 percent year-over-year, and 1.1 percent month-over-month.


LOCAL & STATE NEWS 
Home prices in region edge up 1.7 percent

Home prices in the region rose over the past year, but they continued to grow at a much slower pace than the national averages, the S&P CoreLogic Case-Shiller home-price index said. Single-family-home values in the New York metropolitan area edged up by a scant 1.7 percent over the 12 months ended October, compared with a national bump of 5.6 percent, according to Case-Shiller.


LEGISLATIVE NEWS

REALTORS® Helped Steady the Economy

Over the past eight years, the White House and Congress frequently looked to REALTORS® to help get the economy through the worst downturn since the 1930s. National Association of REALTORS® Chief Lobbyist Jerry Giovaniello talked with REALTOR® Magazine about how the real estate industry has fared since then and what to expect in the year ahead.



Realtors expect busy year on Capitol Hill

The power shift in Washington and the incoming Trump administration could bring big changes to housing policy. William Brown, an Alamo, Calif.-based Realtor and the new president of National Association of Realtors (NAR), spoke with Scotsman Guide News about the state of the housing market and NAR's strategy and priorities in what is expected to be an active legislative year for Congress.


GLOBAL PERSPECTIVES
The 5 Biggest Chinese Investments In The U.S. In 2016

It's been a milestone year for Chinese companies investing in the U.S. According to Mergermarket, Chinese companies invested a total of $51.09 billion into the U.S. via 65 deals in 2016. That's a 360% surge from 2015 when Chinese companies invested $11.7 billion.


What China's Capital Controls Mean For Global Real Estate

Rumor has it that China is going to clamp down on outbound investment.China's National Development and Reform Commission, The People's Bank of China, The Ministry of Commerce and The State Administration of Foreign Exchange issued a joint statement that made investors nervous.


TECH TIPS
Tech Trends to Embrace in 2017

From big data to virtual reality, technology continues to make huge strides in the real estate space year after year. As technology and internet connectivity have increased, more consumers are turning to agents, rather than fewer. If you're looking to increase your company's tech savvy, then you need to be on board with these innovations.


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Eastern Bergen County Board of REALTORS | 201.288.5000 | [email protected]
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