September 15, 2018
INDUSTRY NEWS
Hurricane Season Bears Down-With 7 Million Homes at Risk and a Federal Flood-Insurance Program Set to Expire
   
If this summer has had you trying to get to grips with hurricane season, you're not alone. Millions of homes across the U.S. sit in harm's way, and the resulting damage could be in the trillions of dollars, according to a 2018 report. Those estimates come from real-estate data provider CoreLogic and are based on forecasts from the National Oceanic and Atmospheric Administration that foresaw a 2018 Atlantic hurricane season that was "near or above normal."


GLOBAL PERSPECTIVES
Developers Aren't Sweating The Drying Up Of Foreign Capital In U.S. Real Estate
   
Commercial real estate is riding a wave of economic expansion, but, even though a familiar source of capital has receded, U.S. developers aren't ready to hit the panic button. Chinese investors, a driver of U.S. trophy asset pricing in recent years, reversed course in Q2 and became a net seller for the first quarter since 2008.

AREAA NNJ 2018 Real Estate Summit
 
Thursday, September 20th
8:30 AM - 3:30 PM

Waterside Restaurant & Catering
7800 River Rd, North Bergen, New Jersey 07047

Hosted by AREAA Northern New Jersey | REGISTER
LEGISLATIVE NEWS
Qualified Opportunity Zones
   
Congress created the federal Qualified Opportunity Zone ("QOZ") program in the 2017 "Tax Cuts and Jobs Act" to encourage economic growth in underserved communities via tax benefits to investors. The states, territories, and Washington, DC nominated areas (by census tract) to be QOZs in 2018, and the IRS and Treasury finalized the designations that year.

TECH TIPS
Apple Unveils New iPhone XS-Do Agents Need One?
 
Each year, smartphones play a bigger role in our everyday lives-to the point that for most of us, our entire livelihood is managed by this small device. On September 12, Apple unveiled its latest iPhones, the iPhone XR, starting at $749; iPhone XS, starting at $999; and iPhone XS Max, starting at $1,099.


NEWS YOU COULD USE
Closing Gifts That Keep on Giving
 
 
A gift after closing is a nice way to say thank you to clients and build the relationship-but what if you could make that gift work harder to keep you top-of-mind for referrals and future real estate needs? Here are some creative ideas that will help you make a lasting impression.


2018 AFFILIATE PARTNERS



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