November 24, 2018
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INDUSTRY NEWS
Realtors® See Increase in Commercial Income and Sales Volume for Second Straight Year
 
Commercial real estate markets are on the rise, with Realtors® specializing in commercial real estate reporting both an increase in members' gross income and sales volume, according to the National Association of Realtors® 2018 Commercial Member Profile. Corresponding to tightened inventory conditions, sales transactions for NAR's commercial members have slowly decreased in the last two years, down from eight in 2016 to seven in 2017.

LEGISLATIVE NEWS
Menendez Introduces Bill to Protect Families from Expiration of Flood Insurance Program
 
U.S. Sen. Robert Menendez (D-NJ) introduced bipartisan legislation Nov. 15 along with Sens. John Kennedy (R-La.), Marco Rubio (R-Fla.) and Bill Cassidy (R-La.) to reauthorize the National Flood Insurance Program (NFIP) for six months. Without action, funding for the NFIP will expire on Nov. 30. "The National Flood Insurance Program needs to be comprehensively reformed to make the program more fair, affordable, efficient and solvent, which is what my SAFE NFIP would do," stated Menendez.


GLOBAL PERSPECTIVES
Leverage Your Local Data for Global Impact
 
 
Data is a powerful tool, with infinite real estate applications. First and foremost, you can use data to evaluate properties, prices, current inventory, and local market trends. After all, whether your clients are buying or selling, their top priority is getting the best price. However, many other types of data also play a role in shaping your practice. As a global agent, you can use data and market insights to pinpoint global opportunities in your market.


TECH TIPS
Incorporating Drones to Craft a Compelling Story and Expedite Sales
   
First impressions are vital in the real estate space; in fact, 50 percent of buyers found the home they purchased via the internet, according to the 2017 National Association of REALTORS® (NAR) Profile of Home Buyers and Sellers. Today, buyers are flooded by a sea of options when browsing for a home online; therefore, it's more important than ever that REALTORS® make their listings stand out.


NEWS YOU COULD USE
5 Tricks to Keep Your Pipes from Exploding This Winter
 
New homeowners may have heard that winterization is important, but in the hubbub of your first year living in a home you own (finally!), it can be easy to overlook the need to prepare for the cold weather ahead. After all, it's just not something renters deal with; prepping pipes for winter is often the landlord's job. Ideally, you should winterize your pipes in the fall, before winter seriously sets in. But if you've forgotten and all of a sudden you're in the middle of a deep freeze, there's still time to prevent disaster.


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