July 7, 2018
Congress Votes on WOTUS Provisions
The House voted 213-211 to approve the Agriculture and Nutrition Act (aka the Farm Bill), which included an amendment by Rep. Jim Banks (R-IN) permanently repealing the 2015 water rule. According to Rep. Banks, "WOTUS gave unelected bureaucrats at the EPA the power to broadly interpret what is a navigable waterway in a way where even a puddle could be subject to federal regulation. This rule has been harmful across all industries in our country and it is time we remove the regulation once and for all."

Millennial Buyers Face a Tough Housing Market
Millennial Buyers Face a Tough Housing Market
The share of 25- to 35-year-olds who own homes, which had been falling since 2005 as renting grew in popularity, rose slightly in 2017, according to a Stateline analysis of Census microdata from IPUMS-Current Population Survey. Last year 32.3 percent of young people were homeowners, a slight increase from 2016 when it was 32.2 percent. That's still well below the 45 percent in 2005 and the peak of 55 percent in 1980.

Foreign Investment in U.S. Commercial Real Estate Remains Strong, China and Mexico Top Investors
Nearly one-fifth of Realtors® practicing in commercial real estate closed a sale with an international client in 2017, and 35 percent said they have experienced an increase in the number of international clients in the past five years, according to a report from the National Association of Realtors®.

Picture Perfect Marketing with Pinterest
Though most social media platforms are equipped to share photos and videos, Pinterest was one of the first to capitalize on visuals alone when it debuted in 2010. Ripe with colorful, enticing photos, the "pinboard"-style platform acts as a gateway to drive traffic to a desired location. Users are able to create different pinboards to categorize posts, and each pin directs other users directly to a desired site, such as a blog, landing page, or, in Maxwell's case, a listing.

Using Location to Attract, Engage and Convert More Online Leads
It's becoming increasingly harder to engage with and convert online leads-especially with all the online resources and technology readily available to consumers. So, what catches the eye of buyers and sellers in today's tech-centric real estate industry? It's all about location, location, location. And that's where Local Logic comes in-a start-up that uses AI and machine learning to zone in on consumers' needs.


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