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  RealSource Association of REALTORS®
December 19, 2014 
Fannie: Brighter Days Ahead in Housing
This year is expected to end with lackluster economic growth, but economists are projecting a strengthening heading into the new year, due to forecasted consumer income rises, reduced fiscal headwinds, and a broadening housing recovery, according to Fannie Mae's latest report from its Economic & Strategic Research Group. Read More
 
Mortgage Cancellation Relief Passes Senate 
The Senate passed mortgage debt cancellation relief as part of a large "tax-extender" bill just before adjourning for the year, giving REALTORS® a hard-fought legislative victory. The provision prohibits the IRS from taxing debt lenders forgive in a short sale, foreclosure, or loan modification for the 2014 tax year. The House passed the provision last week, and President Obama is expected to  sign it into law.  The legislation also includes one-year extensions of the 15-year depreciation schedule for leasehold improvements and the deduction for improvements to energy efficient commercial buildings. "We are grateful to Sens. Debbie Stabenow, D-Mich., and Dean Heller, R-Nev., and Reps. Tom Reed, R-N.Y., and Charlie Rangel, D-N.Y., for championing the provision," NAR President Chris Polychron says in a statement. NAR also pressed lawmakers to extend terrorism risk insurance, which is critical to commercial mortgage finance, but that provision will have to be taken up in 2015 under the new Congress. More on The Voice for Real Estate.
 

AirDroid 3 brings one of iOS's best new features to Android

This nifty system connects your Android phone to your computer's desktop so you can answer phone calls and reply to text messages remotely.Read More

 
Dues invoice:
If you have not received your 2015 dues invoice please log on to the Realsource website click on the pay dues tab  (with your nrds# and password), also we have a generic bill to review for your convenience.  Dues payments are due by January 3rd, 2015 close of business. For your convenience the RealSource website is available where you may pay via credit card.
Save the date:
The Circle of Excellence breakfast will be held on Friday, March 6, 2015 at Season's
 

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RealSource's Communication Goal:
To produce effective, valued, consistent messaging integrated across channels 
to improve our relationship with our members and the public. 
 

RealSource Association of REALTORS®
5 Franklin Turnpike, Waldwick, NJ 07463
(P): 201-444-3100  (F): 201-444-6368
www.njtrealtor.com 
info@njrealtor.com 
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