Greater Bergen REALTORS® is a not-for-profit trade organization that serves more than 8,800 REALTOR® members in Bergen, Hudson, and Passaic Counties in New Jersey. Greater Bergen REALTORS® provides invaluable information, programs, and services to ensure the success of its members in everyday business. As the leading voice of real estate in North Jersey, we advocate for the public to protect private property rights as well as the right to homeownership. The association is a highly influential and important member of the local, state, and National REALTOR® family.
U.S. existing-home sales were virtually unchanged from the previous month, dipping just 0.2% to a seasonally adjusted annual rate of 4.0 million units, according to the National Association of REALTORS® (NAR). Most of these transactions went under contract in June and July, when mortgage rates were 40 to 50 basis points higher than current levels. Year-over-year, sales increased 1.8%, with the strongest activity occurring in the Midwest, where the typical home price is 22% below the national median.
