February 3, 2018
LEGISLATIVE NEWS
New York, New Jersey, Connecticut to Sue Over Federal Tax Law

The governors of New York, New Jersey and Connecticut have formed a coalition to sue the federal government to challenge the constitutionality of the federal tax overhaul signed into law in December. New Jersey Governor Phil Murphy, a Democrat sworn last month, said the states' lawsuit against the bill could be filed in a "matter of a couple weeks."

INDUSTRY NEWS
As Mortgage Rates Increase, Millennials Continue to Struggle to Afford a Home

As more millennials look to leave their city rentals and become first-time homebuyers, roadblocks-like rising home prices and a shortage of housing-keep getting in their way. Adding to the obstacles: Over the past few weeks, the mortgage rate has been climbing and on Monday hit its highest rate in four years. Last year, the average 30-year, fixed-rate mortgage was about 4 percent, according to CNBC. But that rate has climbed during the month of January, and by the end of last week, was up to 4.28 percent.


GLOBAL PERSPECTIVES
At Davos, CEOs Say Tax Cuts Portend Foreign Investment in U.S.

As Bank of America chief executive Brian Moynihan travels the world in 2018, he says he keeps hearing the same thing over and over: Foreign businesses want to pump money into the United States again after President Donald Trump's tax cuts. Like the White House, he thinks the positive bounce from the tax bill could be far bigger than most experts predict.


NEWS YOU COULD USE
Cyber Crime: Protecting Yourself and Clients Against Identity Theft

As a real estate professional, it's important that you're aware of how identity theft occurs and how you can protect yourself and your clients against it, especially elderly consumers who may need additional support. In real estate, identity theft can lead to bigger problems, such as wire and title fraud.


TECH TIPS
Optimize Your Pay-Per-Click Ad Strategy

Finding the right pay-per-click strategy can dramatically increase the volume of leads for your real estate business. Even more promising is the useful data generated by PPC campaigns, which can be used to inform your digital marketing strategy overall. However, you need to pay close attention to best practices to make sure your ad dollars are well spent.


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Eastern Bergen County Board of REALTORS | 201.288.5000 | communications@bergenboard.com
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