December 1, 2018
EBCBOR YPN Host Toy Drive Event for Boys & Girls Club of Lodi/Hackensack!
Lynhusrt, NJ -  The Bergen County YPN hosted their annual ugly sweater toy drive at Whiskey Bar in Lyndhust, NJ where realtors and industry professionals came out to support this great cause by donating toys and monetary donations. We want to thank Modern Group Realty for their tremendous support and donations. Thanks to our sponsor Robert Khoury of Main Street Title for sponsoring the event. VIEW IMAGES
NJDOBI Bulletin 18-04: Wire Transfer Fraud
On April 10, 2018, New Jersey Department of Banking and Insurance Commissioner Marlene Caride issued Bulletin 18-04 concerning Wire Transfer Fraud. This type of crime can have a devastating effect on consumers and other parties involved in the financing of real estate transactions. The Department is issuing this reminder of the importance for all licensees to be vigilant and diligent when handling or arranging wire transfer transactions. Please familiarize yourself with the Bulletin and exercise all reasonable care with such transactions.

Breaking News: Conforming Loan Limits to Rise 6.9%
After not increasing the maximum conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac for 10 years, the Federal Housing Finance Agency has now increased the conforming loan limit for the third straight year. The FHFA announced Tuesday that it is increasing the conforming loan limit for Fannie and Freddie mortgages in nearly every part of the U.S. According the FHFA, the conforming loan limits will rise from this year's total of $453,100 to $484,350 for 2019. That's an increase of 6.9% from this year's loan limit to next year's.

Congress Extends Flood Insurance Extension for One Week
The U.S. Senate on Thursday passed a six-month extension to the National Flood Insurance Program just hours before the program lapsed. The House of Representatives only voted to extend the program a week, however. "NAR is relieved that authorization of the National Flood Insurance Program has not lapsed, as Congress moved last night to extend the program through December 7, and we urge the House and Senate to swiftly and purposefully work towards a more sustainable extension over the coming week," Shannon McGahn, NAR's senior vice president of government affairs said.

How to Run Effective Facebook Ads
Marketing plans routinely include Facebook ads in the mix; in fact, more than five million businesses run ads on the social network each month. Businesses often use these ads to encourage prospects to like their page, go to their website, or click on a special offer. NAR surveyed its member this spring, and in the recently released REALTORĀ® Technology Survey, they found Facebook to be a particular favorite among real estate agents. Of the 77 percent of respondents who use social media for their real estate business, Facebook was clearly the most popular platform, with 97 percent reporting they use it.

Foreign Investors Find Trophy Assets in Unlikely U.S. Gold Mines
(Bloomberg)-U.S. properties in places like Denver, Phoenix, Philadelphia, and the suburbs of Atlanta have all drawn foreign investment this year as buyers look for growth outside the biggest U.S. metro areas. Canadian investors topped the list of foreign buyers of U.S. real estate this year, as they have for a decade. Among those was Toronto-based Starlight Investments, which purchased apartment complexes in the suburbs of Atlanta and Phoenix through its U.S. fund.


Eastern Bergen County Board of REALTORS | 201.288.5000 |