September 1, 2018
INDUSTRY NEWS
Monthly Indicators: July 2018
 
Housing price bubble chatter has increased this summer, as market observers attempt to predict the next residential real estate shift. It is too early to predict a change from higher prices and lower inventory, but the common markers that caused the last housing cool down are present. Wages are up but not at the same pace as home prices, leading to the kind of affordability concerns that can cause fewer sales at lower prices. 


LEGISLATIVE NEWS
Fannie Mae and Freddie Mac to Conclude Single-Family Rental Pilot Programs
 
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will conclude their single-family rental pilot programs and then terminate their participation in the single-family rental market except through their previously existing investor programs - Fannie Mae's Multiple Financed Properties and Freddie Mac's Investment Property Mortgages.


GLOBAL PERSPECTIVES
Vietnam to Host International Real Estate Conference 2018 in September
   
President of the Vietnam National Real Estate Association (VNREAL) Nguyen Tran Nam said in a press conference on August 15 that the event will be jointly hosted by the VNREAL and the US National Association of Realtors. He said that the conference has become one of the real estate sectors' biggest international events, offering a chance for associations and enterprises to meet and promote connectivity.


NEWS YOU COULD USE
Where is the US Housing Market Headed? 4 Things You Need to Know
 
A slowdown in new construction and a short supply of existing homes for sale have pushed housing prices so high that would-be buyers are either finding themselves in bidding wars or sitting on the sidelines.


TECH TIPS
Three Ways to Avoid Facebook Ad Denials
 
Facebook recently announced that it was making major changes to its advertising settings. Due to complaints of discrimination, Facebook has tightened its advertising policy in an attempt to avoid and remove companies' ability to discriminate against individuals based on their "race, ethnicity, national origin, religion, age, sex, sexual orientation, family/marriage status, disability or medical or genetic condition."


2018 AFFILIATE PARTNERS



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