News

Saddle Brook, NJ – July 28, 2023 –During their month-long campaign, the Back-To-School Backpack-A-Thon, the Greater Bergen REALTORS® (GBR) Community Service Committee alongside the GBR REALTORS® Care Foundation, collected school supplies and classroom essentials at GBR headquarters and several participating GBR brokerage locations in Bergen County.

Last week, a team of dedicated volunteer members participated in the successful packing event of 300 backpacks, which were then distributed to four local non-profit organizations who partnered with the committee for the cause.

Saddle Brook, NJ – July 12, 2023 – This June, the Greater Bergen REALTORS® (GBR), REALTORS® Care Foundation (RCF) awarded over $35,000 in scholarships to high school seniors in 51 local school districts throughout Bergen County, NJ. The annual initiative has grown exponentially over the last few years, thanks to the dedication of the RCF and ongoing support from the New Jersey Multiple Listing Service (NJMLS).

“It is an honor to be able to provide support to young adults in our community through scholarships for their postsecondary education. The Foundation stands for community betterment, and assisting these graduates is another way to ensure that our neighborhoods grow stronger by helping shape future leaders,” said RCF President Maureen Mamunes, adding, “We are grateful to all RCF supporters, who participate in events throughout the year, which enables us to expand our scholarship outreach to more worthy recipients.”

Saddle Brook, NJ – July 5, 2023 – During the month of May, the housing market in Bergen County, NJ has continued to impact homebuyer affordability. As we head into a hot summer, economists are predicting the market will continue to cool, affecting both buyers and sellers.

According to the National Association of REALTORS® (NAR), existing home sales continue to decline for the second consecutive month falling 3.4% nationwide, with sales down 23% from a year ago and contract sales down 20.3%.

Saddle Brook, NJ – June 14, 2023 - Last week, GBR co-hosted the Second Annual DEI Real Estate Summit, a regional two-day diversity, equity, and inclusion (DEI) summit, designed to build curiosity while exploring understanding of DEI within personal and professional careers, while reviewing the correlation between fair housing and DEI, how DEI makes business sense, and the implicit biases that continue to plague the real estate industry.

The two-day summit included an afternoon of continuing education courses and a networking reception on Monday, June 5th, as well as a full day of speakers, discussion, and break-out sessions on Tuesday, June 6th.

Saddle Brook, NJ – May 30, 2023 – The housing market in Bergen County, New Jersey, usually in full bloom mid-spring, has seen several changes in April. Earlier this season, the drop in mortgage interest rates was promising for potential buyers and sellers. Rates have fluctuated since, causing many buyers to put the brakes on purchasing homes.

Saddle Brook, NJ – May 2, 2023 – As the U.S. housing market continues to fluctuate, Bergen County, NJ is riding the same wave of changes. The month of March has since seen an uptick in sales and homebuyer activity, with most folks celebrating a victory in the drop in mortgage rates during the beginning of the spring season, where the majority of contracts were signed. Mortgage rates this month are back up to 7%, from 6% just a few weeks ago.

Saddle Brook, NJ – May 2, 2023 – Greater Bergen REALTORS® (GBR), REALTORS® Care Foundation (RCF) and Community Service Committee joined Rebuilding Together North Jersey (RTNJ) and the International Brotherhood of Electrical Workers (IBEW) Local 164 on April 29th, for National Rebuilding Day 2023. The group, with over 50 volunteers from the association, helped repair a home in New Milford, NJ, for single mother, Ms. Littrean and her two young children. A weekend prior, the team of dedicated members were on site at Ms. Littrean's home to begin demolition and prep-work for the April 29^th event.