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EBCBOR Members at Capitol Hill
EBCBOR members, led by Federal Political Coordinators (FPC) Randy Ketive and Robert Oppenheimer, NJ Realtors President met this past Wednesday and Thursday with members of Congress: Josh Gottheimer, Bill Pascrell, Albio Sires and their staff to discuss some of the most important issues for New Jersey; among the topics discussed were Tax Reform, NFIP and to Protect Sustainable Homeownership. Members of Congress were reminded that tax reform must not dilute the current real estate tax provisions vital to the housing market and the economy. They were also reminded of NFIP expiring September 30th of this year and were urged to pass the multiyear reauthorization with needed private market reforms in order to avoid adding uncertainty to the real estate market. Our members also discussed the importance of having modern mapping technology to produce building-specific risk assessment. Lastly, our members asked our members of Congress to protect sustainable home ownership by responsibly reforming the secondary mortgage market to ensure that the qualified borrowers have access to safe, affordable mortgage financing. They were asked to ban the use of g-fees to offset the cost of legislation unrelated to housing by supporting H.R. 916 the "Risk Management and Homeownership Stability Act".
VIEW TALKING POINTS
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HUD Secretary Carson Highlights Possible Improvements to Homeownership Programs
Potential homebuyers have a lot to contend with from tight credit and low inventory to rising prices. But for buyers who are able to muscle past these hurdles, Realtors® know that tough-to-make deals can still fall apart when needlessly high regulatory burdens get in the way.
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NAR Chief Economist Lawrence Yun, and Guest Speakers on
Residential Economic Issues & Trends Forum
NAR's Chief Economist, Lawrence Yun discussed the recent trends in housing and the economy as well as his expectations for the remainder of 2017. Senior Research Associate from Harvard, Jonathan Spader , PhD discussed projections for the future of the homeownership rate as well as Harvard's annual State of the Nation's Housing report. Vice President Pence's Chief Economist, Mark A. Calabria , PhD shared his insights on the current market, the administration's perspective on potential changes and how they would affect the future of housing.
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Financial Literacy Courses for Realtors®
ATTENTION Members: To assist Realtors® in understanding the importance of financial planning and how to best implement processes for their own needs, New Jersey Realtors® will be offering a financial literacy series June 7, 8, and 9 in concert with Monmouth University. These classes have been designed for Realtors® of all ages and experience levels and will cover managing money, state and federal tax planning, capital gains tax, and investing in real estate and other asset classes.Take advantage, and REGISTER TODAY!
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REALTORS® DAY IN TRENTON | MAY 25, 2017
Join New Jersey Realtors® for our 2017 Realtors® Day in Trenton! This is the perfect opportunity to hear from state leaders ahead of the gubernatorial primary.Following the event, join us at the State House for a special presentation on the Senate floor where NJ Realtors® Leadership Team will receive a ceremonial resolution to commemorate our centennial.Parking for the day is available at NJ Realtors® office; 10 Hamilton Avenue, Trenton. Complimentary bus service will provided to the Masonic Temple and the State House. Email
[email protected] to RSVP
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Foreign Buyers and Immigration Expected to Drive Future Demand for U.S. Housing
U.S. real estate markets are increasingly becoming international, and changing demographics brought forth by immigration and growing interest from foreigners are positioned to bolster home sales activity and prices. That's according to speakers at an international real estate forum organized by the REALTOR® University Richard J. Rosenthal Center for Real Estate Studies session at the 2017 REALTORS® Legislative Meetings & Trade Expo. NAR's Danielle Hale, managing director of housing research, was joined by Alex Nowrasteh, immigration policy analyst at the Center for Global Liberty and Prosperity at the Cato Institute, to share insight on the current and future impact of foreign buyers and immigration on the U.S. housing market.
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Upstream Listing Management Tool to Simplify MLS Integration
Brokers using the new Upstream data management tool have the option to enter listing data through either Upstream or their MLS. That's the gist of an announcement made Tuesday at the REALTORS® Legislative Meetings & Trade Expo in Washington, D.C.
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