April 7, 2018
EBCBOR NEWS
YPN New Agent Success Night! 

Over 60+ agents came out this past Wednesday for our annual New Agent Success Night. New agents where able to get one on one interaction with Industry professionals on topics like how to build their brand through social media and video marketing, the attorney review process, just to name a few.  Thank you to our presenters for providing our new members with helpful tips on how  to build their network! VIEW IMAGES
INDUSTRY NEWS
5 Things a Federal Reserve Interest Rate Hike Means for Your Wallet

The Fed moved to raise rates by 25 basis points, as expected. The Fed's benchmark interest rate increases to 1.5 percent to 1.75 percent. "Job gains have been strong in recent months, and the unemployment rate has stayed low," the Fed said in its statement. Going forward, consumers will continue to see an uptick in the cost of borrowing on everything from credit cards to car loans to mortgages.


GLOBAL PERPECTIVES
India, Nigeria, Vietnam among nation's nudging their way into US real estate investment

After a run of robust foreign investment capped off by a particularly strong 2016, the real estate industry saw cross-border purchasing decline considerably in 2017, dropping 23 percent year over year. Theories abound about the cause of that dip abound: Chinese capital restrictions probably have something to do with it. A stronger dollar could be repelling European investors.

TECH TIPS
Five Technology Tools And Apps That Are Reshaping The Real Estate Industry

Technology is playing a growing role in how we live and how we do business, and the real estate industry is no exception. Nowadays, more than 44% of people looking for real estate services start by searching online, and the figure is only likely to increase once millennials start to settle down and buy property.

LEGISLATIVE NEWS
The Fiscal 2018 Omnibus Spending Bill

On March 23, 2018, President Trump signed the $1.3 trillion Omnibus spending bill. The legislation, approved by the House and Senate, funds the government through September and spans multiple budget areas. The 2,232-page bill contains important provisions related to housing that REALTORS® have been fighting for; including the alleviation of terms within the new tax law that weaken the Low-Income Housing Tax Credit (LIHTC), and extension of the National Flood Insurance Program (NFIP) at least through mid-summer.


2018 AFFILIATE PARTNERS


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