YOUR ‘MOVING’ STORY COULD BE WORTH $10K

HAVE A ‘MOVING’ STORY TO SHARE?
YOU COULD WIN $10K FROM RE/MAX

Contact: Kevin Bayzath
Phone: (856) 988-1800
Email: kbayzath@aol.com

MARLTON (May 31) – RE/MAX, the nation’s leading real estate franchise, is sponsoring a social media contest this summer – with a grand prize of $10,000 to the winner – to find the most interesting stories about why people buy and sell homes.

From now until August 1, consumers can take part in the multi-platform social media “What Moves You?” contest by uploading stories, videos or photographs directly to the contest website www.whatmovesyou.remax.com.

“Buying or selling a home is not only a major financial decision, but also one that can carry deep emotion,” said RE/MAX Connection CEO Christopher J. Brown. “Our Realtors hear stories every day ranging from the funny and bizarre to sad and poignant. Any one of those could be a $10,000 winner.”

What moves you? It’s usually a pivotal moment in life. Is it when you get married, or find a job that’s not in you city? Is it when you learn you’re having a baby, or when their kids leave home and the house feels empty and way too big? The RE/MAX national advertising campaign focuses on these events and this contest gives you the opportunity to share those moments from your life with others.

The contest runs nine weeks, and consumers will be entered when they submit one, or a combination of, the following:
* Story (500-word maximum)
* Video (three minutes or less; with a YouTube or other video-sharing link)
* Photographs (JPG, BMP, PNG, GIF or TIFF; not to exceed 10MB)

The ongoing voting by the general public at the www.whatmovesyou.remax.com website will determine eight weekly winners (tallied Monday through Sunday) and ultimately the grand-prize winner — named after the final grand-prize voting week, which ends this August 1.

The weekly prize is a $750 Apple gift card with the overall winner taking home $10,000. In addition, for each story submitted, RE/MAX LLC will donate $1 to Children’s Miracle Network Hospitals.

RE/MAX affiliates and their families are not eligible to submit stories or vote. Full contest rules and eligibility guidelines are available on the contest website.

RE/MAX Connection – Marlton is located at 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053. Phone: (856) 988-1800. Fax: (856) 988-8020. RE/MAX Connection – Mantua is located at 140 Bridgeton Pike, Mantua, NJ 08051. Phone: (856) 415-1210. Fax: (856) 415-1291. RE/MAX Connection – Turnersville is at 5701 Route 42, Turnersville, NJ 08012. Phone: 856-228-7990. Fax: 856-228-4433. All three offices are on the web at www.goconnectionnj.com.

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RE/MAX Connection Realtors accepts no liability for the content of this email/blog, or for the consequences of any actions taken on the basis of the information provided, unless that information is subsequently confirmed in writing. RE/MAX Connection Realtors is providing this transmission for informational purposes only. Any views or opinions presented in this email/blog do not necessarily represent those of the company.

The recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

RE/MAX Connection Realtors, 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053 www.goconnectionnj.com.

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RE/MAX CONNECTION SPONSORS INNOVATIVE CLASS AT B.C.C.

RE/MAX CONNECTION REALTORS SPONSORS
INNOVATIVE SOCIAL MEDIA CLASS AT B.C.C.

Contact: Kevin Bayzath
Phone: (856) 988-1800
Email: kbayzath@aol.com

MARLTON (May 30) – This Friday, June 1, is the first day of class for an innovative social media internship program making its debut as part of Burlington County College’s summer session.

The class is a joint venture between the county’s community college and RE/MAX Connection Realtors, the number one multi-office RE/MAX company in New Jersey in units sold for 2011.

Five students will be spending the months of June, July and August writing and posting on social media blogs for 25 Realtors (five Realtors per student) who work out of the three RE/MAX Connection offices in Marlton, Burlington County, and Mantua and Turnersville, Gloucester County.

All five will receive three college credits for the course and the one student who is judged to have the most successful set of blog sites (based on both subjective and objective criteria, including search engine optimization [SEO] ratings) will receive a $2,500 scholarship to continue their education at BCC or a four-year college or university of their choice.

The $2,500 scholarship and the course credits for all five students are being paid by RE/MAX Connection.

Known as the ACCESS program – for American Community College Education Social-media Scholarship – class sessions are being held every Friday at RE/MAX Connection corporate headquarters in Marlton through August 31.

“With ACCESS, we look forward to creating a blueprint for similar small business/community college cooperative projects in the future,” RE/MAX CEO Christopher J. Brown explained. “It’s my belief a strong small business and community college partnership can be a silver bullet for many of the socio-economic problems facing New Jersey.”

“Offering significant cost advantages over both private and public four-year institutions, and holding strong connections to their local residents, our state’s community colleges provide great opportunities for all citizens to benefit,” said Brown, a former county freeholder who now serves in the New Jersey Assembly representing portions of Burlington, Camden and Atlantic counties. He also sits on the Assembly’s Higher Education committee.

The five students participating in the initial year of the program – all of them studying business administration – present a broad cross-section of community college attendees: One is an Iraq War veteran in his mid-30s, another was born in Colombia, South America, and a third graduated from BCC earlier this month and is headed to Rutgers University this September.

“ACCESS is a creative and highly motivational internship model,” said Rebecca Corbin, executive director of the BCC Foundation, co-sponsor of the program. “The foundation and the College applaud Chris Brown for envisioning this project, and we look forward to seeing our students develop marketable skills and building a network of contacts that will help them in their chosen career fields.”

Two other South Jersey businesses are assisting in the ACCESS joint venture between RE/MAX Connection and Burlington County College. VisionLine Media, a website design and development firm based in Collingswood, constructed and posted all 25 Realtor blog sites, is hosting the sites on its servers and will be monitoring SEO rankings for the sites and students; Steve Royek and Associates, a Mount Laurel writing, media relations and marketing communications company, is providing editing and proofreading services and is helping to mentor the students.

RE/MAX Connection – Marlton is located at 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053. Phone: (856) 988-1800. Fax: (856) 988-8020. RE/MAX Connection – Mantua is located at 140 Bridgeton Pike, Mantua, NJ 08051. Phone: (856) 415-1210. Fax: (856) 415-1291. RE/MAX Connection – Turnersville is at 5701 Route 42, Turnersville, NJ 08012. Phone: 856-228-7990. Fax: 856-228-4433. All three offices are on the web at www.goconnectionnj.com.

Burlington County College, a comprehensive community college, provides all individuals access to affordable and quality education. BCC has campuses in Pemberton and Mount Laurel, centers in Mount Holly and Willingboro, satellite centers in high schools throughout Burlington County, as well as a presence at Joint Base McGuire-Dix-Lakehurst and in Burlington City. For more information, please call (609) 894-9311 or (856) 222-9311, or visit www.bcc.edu.

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RE/MAX Connection Realtors accepts no liability for the content of this email/blog, or for the consequences of any actions taken on the basis of the information provided, unless that information is subsequently confirmed in writing. RE/MAX Connection Realtors is providing this transmission for informational purposes only. Any views or opinions presented in this email/blog do not necessarily represent those of the company.

The recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

RE/MAX Connection Realtors, 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053 www.goconnectionnj.com.

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Naroff Economic Advisors — May Employment Report

NAROFF ECONOMIC ADVISORS, Inc.
Joel L. Naroff
President and Chief Economist

INDICATOR: May Employment Report

KEY DATA: Payrolls: +69,000; Unemployment Rate: 8.2% (up 0.1 percentage point)

IN A NUTSHELL: “There is no sugar-coating this report, it was bad.”

WHAT IT MEANS: The so-called “all important” employment report was released today and it was a real stunner. Job gains in May were disappointing, to say the least.

Yes, there were the usual strange elements. For example, construction, including residential and large projects such as road construction was down sharply. There were no other data to indicate this was happening. We also saw major cut backs in seasonal industries such as garden supply stores and in amusement and recreation.

Did we really stop working on our back yards and going to baseball games? Okay, those of us in Philadelphia are a little upset about the Phillies, but that is a different story. But the rest of the report was nothing great as there were few areas outside health care where hiring was solid.

The government at all levels, keeps cutting back and that is not helping. There were other reasons to be concerned. Wages and hours worked were down which has negative implications for income. As for the unemployment rate, there was at least a little some news in the disappointing rise in the rate. The increase was driven by a huge jump in people looking for work.

While employment was up sharply in this survey, it could not keep up with the rise in the labor force. We have been looking for this uptick in the workforce for a while as it normally signals an improving outlook on the economy.

MARKETS AND FED POLICY IMPLICATIONS: There is little positive in this report other than a rise in the labor force. Businesses have become really cautious, a pattern we saw last year at this time. Then, high gasoline prices, a tsunami and the insanity in Washington joined to crater the economy. By the fall, conditions had turned back around.

This year, high gasoline prices, Europe and the looming end of year Washington insanity are playing on the minds of households and businesses. Will we see a rebound as we did last year? That is not clear but we can hope so. I say that because I have no good explanation for the sharp deceleration in hiring has occurred.

Were any of the factors listed above so great as to stop businesses from adding workers? Are households really changing spending patterns because of Europe or Washington? Not if you consider the solid rise in consumption and inflation adjusted disposable income in April. Since I cannot point to anything to clearly explain the slowdown I will simply wait and see and worry.

As for investors who are already fearful of Europe, this report can only add to their concerns. Meanwhile, with rates so low, the Fed really has nothing to do. The markets are doing the job for it.

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RE/MAX Connection Realtors is not a licensed financial advisor and is not providing any financial advice. You should consult with a licensed financial advisor prior to making any financial decisions. RE/MAX Connection Realtors only is providing this economic statement from Naroff Economic Advisors, Inc. for informational purposes.

Our company accepts no liability for the content of this email/blog, or for the consequences of any actions taken on the basis of the information provided. Any views or opinions presented in this email/blog are solely those of the author and do not necessarily represent those of the company. Finally, the recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

RE/MAX Connection Realtors, 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053 www.goconnectionnj.com.

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RE/MAX CONNECTION WINS GLOUCESTER-SALEM HONORS

SEVENTEEN RE/MAX CONNECTION REALTORS
WIN GLOUCESTER-SALEM COUNTY HONORS

Contact: Kevin Burbage
Phone: (856) 415-1210
Email: kevinburbage@gmail.com

MANTUA (April 9) – Seventeen Realtors from the two RE/MAX Connection offices in Gloucester County received Circle of Excellence Sales Awards from the Gloucester-Salem Board of Realtors for 2011.

Those two Gloucester County offices, based in Mantua and Turnersville, along with the RE/MAX Connection office in Marlton, Burlington County, combined to successfully close 1,417 transactions worth more than $218 million – the most of any other multi-office operation in the state.

The company also ranked third statewide in overall agent commissions and Mantua-based RE/MAX Connection Realtor Mark Petracci earned top honors for the third-straight year as the state’s number one RE/MAX agent.

Petracci and colleagues Joe Granato (#4 in the state) and John Swartz (#6 in the state) lead a list of nine RE/MAX Connection agents who received Gloucester-Salem Silver Awards. The company’s other six Silver Award winners are Robert Barnhardt Jr., Brent Grigsby, Scott Kompa, Kimberly Schempp, Peter Sklikas and Yvette Veideman.

Sklikas, based in the Turnersville office, also received the statewide RE/MAX “First Year Performance Award” as the agent who posted the best sales numbers among those joining the company midyear.

Atop the list of eight RE/MAX Connection Realtors who received Gloucester-Salem Bronze-level awards is Turnersville-based Christopher McKenty, who is the #7 RE/MAX agent in the state. The other seven Bronze award winners were: Bernadette Augello, Donna Breland, Colleen Dorrego, Janet Larsen, Jennifer Pagliarini, David Sulvetta and Michael Walton.

“We have always said the best agents in the state work at RE/MAX Connection, the best real estate agency in the state,” said Christopher J. Brown, CEO of RE/MAX Connection. “These awards, once again, prove that point.

“Our goal is to produce the best results every day for our clients as we help them buy or sell property,” Brown continued, “and we are very proud of this recognition of our collective hard work.”

RE/MAX Connection – Mantua is located at 140 Bridgeton Pike, Mantua, NJ 08051. Phone: (856) 415-1210. Fax: (856) 415-1291. RE/MAX Connection – Turnersville is at 5701 Route 42, Turnersville, NJ 08012. Phone: 856-228-7990. Fax: 856-228-4433. RE/MAX Connection – Marlton is located at 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053. Phone: (856) 988-1800. Fax: (856) 988-8020.

All three offices are on the web at www.goconnectionnj.com.

Atlantic County: Absecon, Atlantic, Brigantine, Buena Vista, Corbin, Egg Harbor, Egg Harbor, Estell Manor, Folsom, Galloway, Hamilton, Hammonton, Linwood, Longport, Margate, Mullica, Northfield, Pleasantville, Port Republic, Somers Point, Ventnor, Weymouth.

Burlington County: Bass River, Beverly, Bordentown, Burlington, Chesterfield, Cinnaminson, Delanco, Delran, Eastampton, Edgewater Park, Evesham, Fieldsboro, Florence, Hainesport, Lumberton, Mansfield, Maple Shade, Medford Lakes, Moorestown, Mount Holly, Mount Laurel, New Hanover, North Hanover, Palmyra, Pemberton, Pemberton, Riverside, Riverton, Shamong, Southampton, Springfield, Tabernacle, Washington, Westampton, Willingboro, Woodland, Wrightstown.

Camden County: Audubon Park, Barrington, Bellmawr, Berlin, Brooklawn, Camden, Cherry Hill, Chesilhurst, Clementon, Collingswood, Gibbsboro, Gloucester, Gloucester, Haddon Heights, Haddonfield, Hi-Nella, Laurel Springs, Lawnside, Lindenwold, Magnolia, Merchantville, Mount Ephraim, Oaklyn, Pennsauken, Pine Hill, Pine Valley, Runnemede, Somerdale, Stratford, Tavistock, Voorhees, Waterford, Winslow, Woodlynne.

Gloucester County: Clayton, Deptford, East Greenwich, Elk, Franklin, Glassboro, Greenwich, Harrison, Logan, Mantua, Monroe, National Park, Newfield, Paulsboro, Pitman, South Harrison, Swedesboro, Washington, Wenonah, West Deptford, Westville, Woodbury, Woodbury Heights, Woolwich.

Salem County: Alloway, Carneys Point, Elmer, Elsinboro, Lower Alloways Creek, Mannington, Oldmans, Penns Grove, Pennsville, Pilesgrove, Pittsgrove, Quinton, Salem, Upper Pittsgrove, Woodstown.

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RE/MAX Connection Realtors accepts no liability for the content of this email/blog, or for the consequences of any actions taken on the basis of the information provided, unless that information is subsequently confirmed in writing. RE/MAX Connection Realtors is providing this transmission for informational purposes only. Any views or opinions presented in this email/blog do not necessarily represent those of the company.

The recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

RE/MAX Connection Realtors, 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053 www.goconnectionnj.com.

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Naroff Economic Advisors — February Spending and Income

NAROFF ECONOMIC ADVISORS, Inc.

Joel L. Naroff, President and Chief Economist

INDICATOR: February Spending and Income

KEY DATA: Consumption: +0.8%; Inflation Adjusted: +0.5%; Disposable Income: 0.2%; Inflation Adjusted: -0.1%

IN A NUTSHELL: “Households are raiding their piggy banks to support their buying habits.”

WHAT IT MEANS: With gasoline prices near or above the $4.00 a gallon level, worries are that spending will slow.  That happened in 2008 and 2011, the other times we passed that dreaded barrier.  So far, that is not happening. Households are shopping till they’re tired once again, helped along by an improving labor market that is causing confidence to rise.

Consumption rose at a robust pace in February and it was not just for gasoline.  Spending was up across the board but most importantly for services.  This component, which makes up about two-thirds of consumption, had been going nowhere.  Whether the surge posted in February is a one-month wonder or the beginning of a trend is hard to say, but I will take it for now.   With the January spending numbers revised upward, it looks like consumption could be robust during the first quarter of the year.

Whether that will be sustained is a real question.  Incomes are rising at a slower pace than spending.  There were some decent gains in wages and salaries, but nothing near what is needed to sustain the current shopping spree.  Adjusting for inflation, disposable income was actually down, not a good trend.  As a consequence, the savings rate fell to 3.7%, a rate we haven’t seen since August 2009.

MARKETS AND FED POLICY IMPLICATIONS: This was a good report that also contained a warning. While households want to spend and will raid their bank accounts to support that habit, unless income gains start improving consumption will have to slow.  Of course, the need for wages and salaries to rise faster so that demand can improve is an issue I have been discussing for a very long time.  The improving job market may be starting to resolve the tension between controlling labor costs and paying the income needed to generate strong increases in demand.

A better economy allows for rising wages and that triggers growing demand which improves hiring and wages. That leads to further increases in confidence and we did see today that the University of Michigan’s index was up in March.  Consumption during the first two months of this quarter is running well above estimates. I suspect most other forecasters will be joining me out on my limb and revising upward their first quarter forecasts. I have been expecting growth to be closer to 3% while the consensus is about 2.5%.

The prospect that first quarter growth will not be as modest as currently predicted should buoy investor confidence.  As for the Fed, another 3% quarter would raise more questions about its target date for tightening of mid-2014.  I have it happening by the end of next year and this report only adds to that belief. Even if that happens, though, rates would still remain low for a very long time.

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RE/MAX Connection Realtors is not a licensed financial advisor and is not providing any financial advice. You should consult with a licensed financial advisor prior to making any financial decisions. RE/MAX Connection Realtors only is providing this economic statement from Naroff Economic Advisors, Inc. for informational purposes.

Our company accepts no liability for the content of this email/blog, or for the consequences of any actions taken on the basis of the information provided. Any views or opinions presented in this email/blog are solely those of the author and do not necessarily represent those of the company. Finally, the recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

RE/MAX Connection Realtors, 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053 www.goconnectionnj.com.

Naroff Economic Advisors — January New Home Sales

NAROFF ECONOMIC ADVISORS, Inc.
Joel L. Naroff
President and Chief Economist

INDICATOR: January New Home Sales

KEY DATA: Sales: -0.9%

IN A NUTSHELL: “Rising builder confidence should start showing up in more contracts for new homes being signed as we go through the first half of the year.”

WHAT IT MEANS: Home construction has slowly been on the rise and that trend is likely to continue. While new home sales eased in January, it came after a large upward revision to the December numbers. When I see the data revised upward, it usually means that activity is accelerating through the month and that trend is not picked up in the first calculations.

The National Association of Homebuilders’ confidence index hit its highest level in four years with the sales index surging. That may not have shown up in the sales data yet but it will. Thus, the small drop in new home purchases in January should not be taken as a signal that the sector is faltering again.

What is of concern was the huge differential in demand across the country. Sales jumped sharply in the Northeast and South but fell by double-digits in the Midwest and West. Weather issues in the Midwest may have played a role there while the overhang of distressed homes is likely keeping down new home purchases in the West. Prices are still quite soft and three-quarters of the homes are going for less than $300,000.

The McMansions of the past two decades have become the MiniMansions of this decade. Builders are keeping the supply of new homes on the market tight and the number of homes for sale is lowest in the nearly fifty years the data have been collected. At current selling rates, the inventory is at its lowest level in six years.

MARKETS AND FED POLICY IMPLICATIONS: While sales eased, all the signs are for the new housing segment to continue to recover this year. However, housing in general is being restrained by mortgage and appraisal issues while the new home portion will continue to be buffeted by the acceleration of the foreclosure process.

There were about 7,000 jobs added in the residential construction industry in January and we could be seeing those types of gains continue for a while. We are starting off the year at a sales pace that is well above what was recorded during 2011 so I expect the market to improve and add to growth all year.

Investors may look at the headline number and be a little troubled. But the pace is actually above what most of us had forecasted given the original December sales pace so people should not be disappointed. As good as the economic data may seem, the issue remains energy and the surge in the price due to uncertainty over Iran.

You have to hand it to the Iranians, as long as they can sell their oil, by saber rattling they have managed to get the price up sharply and their revenues are surging. Of course if the bank restrictions sharply curtail their exports, oil prices could rise even further so until the Iranian crisis eases, look for high and rising gasoline prices.

The jump in gasoline prices curtailed the recovery last spring and it is likely to slow things once again. And of course the Greek situation is still a work in progress. It just seems that the only luck the recovery has is bad luck.

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RE/MAX Connection Realtors is not a licensed financial advisor and is not providing any financial advice. You should consult with a licensed financial advisor prior to making any financial decisions. RE/MAX Connection Realtors only is providing this economic statement from Naroff Economic Advisors, Inc. for informational purposes.

Our company accepts no liability for the content of this email/blog, or for the consequences of any actions taken on the basis of the information provided. Any views or opinions presented in this email/blog are solely those of the author and do not necessarily represent those of the company. Finally, the recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

RE/MAX Connection Realtors, 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053 www.goconnectionnj.com.

Naroff Economic Advisors — January Existing Home Sales

NAROFF ECONOMIC ADVISORS, Inc.
Joel L. Naroff
President and Chief Economist

INDICATOR: January Existing Home Sales

KEY DATA: Sales: +4.3%; 1-Family: +3.8%; Condo: 8.3%

IN A NUTSHELL: “Housing sales improved in January but the level is still quite low and a lot of the demand is for distressed homes.”

WHAT IT MEANS: The housing market is not being looked at as a major source of growth but it is a place that we would like to see some improvement. That is happening, though not at a great pace.

Existing home sales did rise solidly in January, but as the National Association of Realtors pointed out, a growing share of the sales were for distressed homes. Nearly a quarter of the homes sold went to investors. That is good as it shows that homes are being recycled into the rental market where demand is growing. But we really need regular buyers to come back at a robust pace if the sector is to get back to normal.

The changing demographics are helping power better condo sales. However, while demand for single-family dwelling was up over the January 2011 rate, it was down fairly sharply in the condo/coop segment. The supply of homes is tight, being roughly six months. Normally that would be a positive sign for the market.

If it is result of non-distressed homeowners being unwilling to sell their homes at the market price and the limited foreclosures, that isn’t an indication of a market that is getting ready to pick up speed. With the recent mortgage company settlement, look for supply of distressed homes to rise. That should keep prices soft. They were down about 2% over the year. Regionally, all parts of the nation showed gains but the biggest increase was in the West.

MARKETS AND FED POLICY IMPLICATIONS: While the housing market is slowly improving, there is little reason to think that the non-distressed segment of the market is poised to take off. Mortgages are still not easy to get, the appraisal process creates impediments to sales and is adding to the large number of failed contracts, equity is tight for many who would like to move and the decline in prices have caused a lot of homeowners to give up trying to sell their homes.

While this was a good report, the level of sales is still disappointing. Until the housing problems are resolved, which could take another three or more years in some regions, don’t expect sales or construction to pick up rapidly. That means construction job gains, which are finally added to payroll increases, should be okay but not a major source of new hiring.

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RE/MAX Connection Realtors is not a licensed financial advisor and is not providing any financial advice. You should consult with a licensed financial advisor prior to making any financial decisions. RE/MAX Connection Realtors only is providing this economic statement from Naroff Economic Advisors, Inc. for informational purposes.

Our company accepts no liability for the content of this email/blog, or for the consequences of any actions taken on the basis of the information provided. Any views or opinions presented in this email/blog are solely those of the author and do not necessarily represent those of the company. Finally, the recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

RE/MAX Connection Realtors, 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053 www.goconnectionnj.com.

RE/MAX CONNECTION: NUMBER ONE IN NEW JERSEY

RE/MAX CONNECTION RANKED NUMBER ONE
IN TOTAL UNITS BOUGHT, SOLD IN NEW JERSEY

Contact: Kevin Bayzath
Phone: (856) 988-1800
Email: kbayzath@aol.com

MARLTON (Feb. 15) – RE/MAX Connection Realtors was the number one-ranked RE/MAX real estate company in New Jersey in 2011 and had three of the top four ranked individual agents in the state.

The three RE/MAX Connection offices – in Marlton, Mantua and Turnersville – successfully closed 1,417 transactions, more than any other multi-office operation in the state, as well as closing more than $218 million dollars in real estate transactions. The company also ranked third statewide in overall agent commissions.

RE/MAX Connection agent Mark Petracci, from the Mantua office, was – for the third-straight year — the state’s number one RE/MAX agent. Joining him at the top of the list were Turnersville colleagues David Beach at number three in the state and Joseph Granato at number four.

Among individual office locations, RE/MAX Connection’s Turnersville operation was second in the state in 2011 with the Marlton office being ranked number five.

“We have always said the best agents in the state work at RE/MAX Connection, the best real estate agency in the state,” said Christopher J. Brown, CEO of RE/MAX Connection. “This year’s rankings, once again, prove that point.

“Our goal is to produce the best results every day for our clients as we help them buy or sell property,” Brown continued, “and we are very proud of this recognition of our collective hard work.”

Three other agents from the RE/MAX Connection Turnersville office also received high honors in the 2011 rankings. John Swartz, at number six, and Christopher McKenty, at number seven, finished in the top 10 in the Team Sales category for the year. In addition, Peter Sklikas received the “First Year Performance Award” as the agent who posted the best sales numbers among those joining RE/MAX midyear.

“While other companies in this economy are having a hard time closing deals, RE/MAX Connection agents have adapted and overcome these challenges,” Brown explained. “Among the new techniques our agents are implementing to do this is our Home Price Protection program.”

Home Price Protection is a financial product that provides a payout to homeowners in the event the relative value of their home declines at the time they sell, regardless of what price the home sells for. It is available exclusively in South Jersey by RE/MAX Connection.

Among other individual honors, a total of 36 agents from the three offices achieved three different sales levels of accomplishment. The highest ranking, Platinum Club status, was reached by three agents from the Turnersville office: Joseph Granato, Christopher McKenty and Peter Sklikas.

Among the 16 RE/MAX Connection agents who achieved 100% Club status:
— Eight were from the Marlton office: Mark Cuccuini, Ines De La Cruz, Ron DiPinto, Bryant Lafferty, Brian Menchel, Yvette Veideman, Rochelle Yanchyshyn and Gina Ziegler.
— Four were from the Mantua office: Brent Grigsby, Scott Kompa, Mark Petracci and Dave Sulvetta.
— Four were from the Turnersville office: David Beach, John Swartz, Michael Walton and Frank Wible.

In addition, 17 RE/MAX Connection agents reached Executive Club status:
— Six from Marlton: Joan Baines, Donna Clyde, Joanne Kim, Dawn McCann, Robert Millaway and Elisa Nicolaci.
— Eight from Mantua: Richard Bradford, Donna Breland, Daniel D’Alonzo Jr., Janet Larsen, James Moller, Jennifer Pagliarini, Antoinette Wessel and Brian Ziegenfuss.
— Three from Turnersville: Colleen Dorrego, Danielle McFadden and Heidi Rommel.

“We are especially proud that, despite there being more people and more homes in other portions of the state,” said Kevin Bayzath, Broker of Record for RE/MAX Connection, “our three South Jersey offices, and our outstanding agents, closed more transactions than the competition.”

RE/MAX Connection – Marlton is located at 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053. Phone: (856) 988-1800. Fax: (856) 988-8020. RE/MAX Connection – Mantua is located at 140 Bridgeton Pike, Mantua, NJ 08051. Phone: (856) 415-1210. Fax: (856) 415-1291. RE/MAX Connection – Turnersville is at 5701 Route 42, Turnersville, NJ 08012. Phone: 856-228-7990. Fax: 856-228-4433.

All three offices are on the web at www.goconnectionnj.com.

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RE/MAX Connection Realtors accepts no liability for the content of this email/blog, or for the consequences of any actions taken on the basis of the information provided, unless that information is subsequently confirmed in writing. RE/MAX Connection Realtors is providing this transmission for informational purposes only. Any views or opinions presented in this email/blog do not necessarily represent those of the company.

The recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

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Naroff Economic Advisors — January Employment Report

NAROFF ECONOMIC ADVISORS, Inc.

Joel L. Naroff
President and Chief Economist

INDICATOR: January Employment Report

KEY DATA: Payrolls: +243,000; Private Sector: +257,000; Unemployment Rate: 8.3% (down 0.2 percentage point)

IN A NUTSHELL: “The economy is starting to turn the corner and the labor market is finally becoming a beneficiary of the improving economic conditions.”

WHAT IT MEANS: For months the data were coming in stronger than expected but it was not clear that businesses were willing to loosen the hiring strings. Well, that may be changing. Private sector firms hired a ton of new workers in January and the gains were across the board.

We were not just talking about service sector positions, though there were a lot of those. But while retailers added only about 10,000 workers, manufacturers hired an additional 50,000 people. Construction, wholesale trade, health care, transportation, professional services, temporary help and restaurants all joined in on the hiring binge.

There was some weakness in finance and information services. The biggest cutbacks, though, were in the public sector, as usual. Local education is still suffering the largest brunt of the budget cutbacks. With hours worked and wages rising, income should be up solidly as well. That will add to spending power, which is badly needed.

But the really good news was on unemployment front. The unemployment rate hit its lowest level in three years. There have been three consecutive declines of 0.2 percentage point, a drop that is much faster than anyone expected but not likely to be sustained.

In January, the improvement came despite a sharp rise in the labor force. That was offset by a huge increase in the number of people who say they are employed, showing it was the economy not statistics that are driving down the rate. (Note: The unemployment rate and payroll numbers come from a different survey.)

MARKETS AND FED POLICY IMPLICATIONS: This is the first time in a long time I can talk effusively about an employment report. It was strong in all components. Payroll gains were across the board. The unemployment rate decline resulted from rising employment not a declining labor force. Wages rose as did hours worked. What was not to like? Nothing!

Since the bottom was hit in February 2010, the private sector has brought back almost 3.7 million workers. Clearly, the jobless recovery is no longer jobless. Still, can we expect the good news to persist? Maybe not at the pace we saw in January, but conditions are such that solid payroll gains and a slow steady decline in the unemployment rate are likely to continue.

Unemployment claims are low enough to support further declines in the rate. Improving conditions in the manufacturing and services sector as reported by the Institute for Supply Management argue that the payroll increases can be sustained.

We still face the restraints of weak housing and limited credit so don’t expect economic or employment growth to surge. But it is likely we will see at least 2.5 million new jobs created this year. The unemployment rate could go below 8% by the fall. Those are not spectacular numbers but just a few months ago not very many people had that in their forecasts (I did, which is why I am saying that.)

Investors should love this report but Mr. Bernanke should be wondering why he insisted on saying that rates will stay low for another three years. If this labor market improvement continues, that is not likely to happen.

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RE/MAX Connection Realtors is not a licensed financial advisor and is not providing any financial advice. You should consult with a licensed financial advisor prior to making any financial decisions. RE/MAX Connection Realtors only is providing this economic statement from Naroff Economic Advisors, Inc. for informational purposes.

Our company accepts no liability for the content of this email/blog, or for the consequences of any actions taken on the basis of the information provided. Any views or opinions presented in this email/blog are solely those of the author and do not necessarily represent those of the company. Finally, the recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

RE/MAX Connection Realtors, 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053 www.goconnectionnj.com.

Naroff Economic Advisors — Fourth Quarter 2011 Productivity/Unemployment Claims

NAROFF ECONOMIC ADVISORS, Inc.

Joel L. Naroff
President and Chief Economist

INDICATOR: Fourth Quarter 2011 Productivity/Unemployment Claims

KEY DATA: Nonfarm Productivity: +0.7%; Unit Labor Costs: +1.2%/Claims: 367,000 (down 12,000); 4-Week Average: 375,750 (down 2,000)

IN A NUTSHELL: “As is the usual case, with employment rising, productivity is moderating and that is raising labor costs.”

WHAT IT MEANS: Businesses have worked extraordinarily hard this recovery to restrain all costs but especially labor expenses. They have done so by working employees harder and longer and that has paid off in large increases in productivity and earnings.

Those days are slowly fading as job growth is picking up. The new workers must be trained and at least until demand rises faster, there is somewhat less for each worker to do. Thus, we are now in the normal productivity slowdown phase.

Output by each worker grew in the fourth quarter at less than half the pace posted in the summer period. The biggest decline was in manufacturing, which has been gearing up to deal with rising sales. That sector went from robust increases to decline.

The slowdown in productivity has some major implications for business costs. Worker compensation is rising and even adjusting for inflation, it actually improved at the end of 2012. For all of 2011, productivity rose at the slowest pace since 2008.

If you want to know why consumer demand has not surged, just look at the compensation numbers: Hourly compensation adjusted for inflation fell by 1.2% in 2011. It’s hard to buy more when your spending power is being diminished.

Even with the moderation in productivity, it looks like hiring will remain on the rise. Weekly unemployment claims fell and the trend level has reached a point where the unemployment rate should go down if not monthly, fairly steadily.

MARKETS AND FED POLICY IMPLICATIONS: Usually you have to give up something to get something and that is the case with jobs. As payroll gains accelerate, productivity normally eases, raising business costs but also increasing worker compensation.

That we are seeing that happen should be cheered as the consumer is the centerpiece of this economy. More jobs mean more income and as the unemployment rate declines, wage gains accelerate. That will provide the means to greater consumption and economic growth.

So both the productivity and unemployment claims numbers, when taken in tandem, paint a picture of an economy recovering. The Fed acknowledged that the labor market was beginning to improve but discounted any major drop in the unemployment rate. The accuracy of that forecast will determine the ability of the FOMC to keep rates low until the end of 2014.

I think unemployment rates will fall faster than the monetary authorities do so I expect rates to rise well before that date. Since tomorrow is employment Friday, we only have a few hours to wait until we see how the year started off but not matter what number prints, the decline in the claims numbers does point to an improving labor market that will ultimately show up in more jobs.

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RE/MAX Connection Realtors is not a licensed financial advisor and is not providing any financial advice. You should consult with a licensed financial advisor prior to making any financial decisions. RE/MAX Connection Realtors only is providing this economic statement from Naroff Economic Advisors, Inc. for informational purposes.

Our company accepts no liability for the content of this email/blog, or for the consequences of any actions taken on the basis of the information provided. Any views or opinions presented in this email/blog are solely those of the author and do not necessarily represent those of the company. Finally, the recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

RE/MAX Connection Realtors, 1000 Lincoln Drive East, Suite Two, Marlton, NJ 08053 www.goconnectionnj.com.