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October 8, 2018

Agent Roundtable
Tuesday, October 9  |  9:30AM-11:30AM  |  Li Greci's Staaten
Continental Breakfast
Speaker: Vincent J. Gallo, Esq. Law, Offices of Vincent J. Gallo

sponsored by    
October 22 at the New York Marriott Marquis
 9:00am Conference, 5:00pm Cocktail Reception
breakfast and lunch included

Majid Saqer Al-Marri

Real Estate Promotion-Real Estate Investment Management & Promotion Center, Dubai Land Department

Foreign Real-Estate Buyers Get Told to Go Home

If you dream of buying a home in New Zealand, you better be a kiwi. This summer, the country introduced new rules to limit foreign ownership in hopes of making homes more a ordable for the locals.
Starting later this year, nonresidents (other than those from Australia and Singapore) will be restricted to buying newly built homes. And they can only buy up to 60% of units in new apartment buildings. New Zealand is far from the only country struggling with a housing-a ordability crisis-not to mention concerns over dirty money being parked in international property portfolios. 

EB-5 Extended

The EB-5 program, which was set to expire at the end of this month, has been extended until the beginning of December.
The controversial visa program, which was due to reach the end of its six-month extension period on Sunday, Sept. 30, has been reauthorized through Dec. 7.
President Trump signed the extension Friday at noon, as part of a spending package to avoid a federal government shutdown. 


September SI Housing Stats

Some economy observers are pointing to 2018 as the final period in a long string of sentences touting several happy years of buyer demand and sales excitement for the housing industry.   Full Report

North Shore                South Shore
East Shore                 The Hills
Gateway                     The Lakes
Greater St. George     Heartland

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Forget Bitcoin - 4 Ways to use Blockchain Today

Though cryptocurrencies snag all the attention around blockchain, its other applications are more likely to disrupt real estate.
Media outlets have written breathlessly over the past few years about property purchases made in bitcoin. But what many reports leave out is that nearly every time a real estate transaction involving the digital currency closes, it is converted back to cash because sellers don't want to gamble with volatile exchanges.
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NAR Survey Reveals Brokers Favorite Tech Tools

MLS websites, smart keys and social media are agents most valuable tech tools, according to a new survey by the National Association of Realtors.
And most want their brokers to provide better predictive analytics (data that predicts trends) CRM tools (tracking customers) and transaction management software 9a high tech spread sheet).
The survey was conducted following the NAR Innovation, Opportunity & Investment Summit in August and focused on Realtors day-to-day use of technology.
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Staten Island's Resilience and Progress

State Comptroller Thomas P. DiNapoli recently released an economic report on Staten Island showing the borough is setting population, business and employment records.
"Jobs and businesses have reached record levels on Staten Island, spurred by reconstruction, new development and a growing leisure and hospitality sector," said DiNapoli. "Staten Island's recovery from Superstorm Sandy demonstrates the borough's strength. 

Market Activity Report on Facebook

When RPR's Market Activity report is an ideal option for agents who want to create enduring and results-oriented relationships through social media. The report presents a snapshot of changes in a local real estate market based on listing and MLS information, and includes active, pending, sold, expired, distressed, new for lease, and recently leased properties, as well as recent price changes and upcoming open houses for a period of up to six months.

Who Owns All of New York?

When Silverstein Properties was bidding on the Helmsley Carlton House eight years ago, company executive Marty Burger thought his firm had a pitch that would win the property.
"[We had] a very well-known hotel brand that agreed to let us use their name to sell condos," Burger, who is now Silverstein's CEO, recalled last month. "We thought that was our edge."
But as it turned out, that edge was not sharp enough.

The Greenest Places

Which American cities are the most energy efficient?
How do you measure energy efficiency? When it comes to individual homes, it's a good bet that smart buildings equipped with Energy Star-rated appliances will consume less energy. But figuring out the energy efficiency of an entire city is more complicated, and requires factoring in things like local law and public policy.

Staging a House for Sale

My dresser would have to go. Leave two dressers in a master bedroom and a potential buyer might suspect the closets are small.
Spoiler alert: They are small.
That wouldn't be the only change I'd have to make if I put my house on the market and opened it up to a parade of strangers. My new bedspread, the one I bought after a year of searching for the perfect midcentury look, wouldn't cut it, either.

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