News

Saddle Brook, NJ – January 27, 2025 - Greater Bergen REALTORS® (GBR), REALTORS® Care Foundation (RCF) hosted their annual 2024 RCF Grant Award Ceremony at GBR Headquarters in Saddle Brook, NJ on Thursday, January 23, 2025. This year, the RCF awarded $165,050.00 in grant awards to 47 local non-profit organizations.

 “I am proud to continue the RCF's goal of raising funds to support initiatives aimed at elevating the well-being of the community,” says 2025 RCF President, Shana Sanchez. “It is so rewarding to see exactly what our grants are going toward within each of these amazing organizations, and how they truly make a difference."

Saddle Brook, NJ – January 24, 2025 - U.S. existing-home sales improved for the second consecutive month, rising 4.8% to a seasonally adjusted annual rate of 4.15 million units, an eight-month high, according to the National Association of REALTORS® (NAR). Sales were up 6.1% compared to the same time last year, marking the largest year-over-year increase since June 2021. Economists had forecasted existing home sales would come in at an annual rate of 4.07 million units for the month.

“The latest report reflects a real estate market still hampered by low inventory and high interest rates. The slight increase in home prices reflect a stable market, however the lack of sufficient supply and interest rate relief fails to provide the engine for growth so desperately needed,” states Greater Bergen REALTORS® 2025 Vice President, John Johnson.

Saddle Brook, NJ - January 17, 2025 - On January 15, 2025, at The Next Era Of Real Estate, National Association of REALTORS® (NAR) CEO, Nykia Wright announced she has appointed New Jersey REALTORS® CEO, Jarrod Grasso as NAR's first-ever Senior Vice President Of Industry Relations. 

Saddle Brook, NJ - January 17, 2025 - New Jersey REALTORS® and Greater Bergen REALTORS® in conjunction with North Central Jersey Association of REALTORS® and Liberty Board of REALTORS® hosted The Next Era Of Real Estate on Wednesday, January 15, 2025 at the Newark Liberty International Airport Marriott for their collective association members.

Greater Bergen REALTORS® 2025 President, Nicola Esposito introduced the keynote panelists for The Next Era Of Real Estate Special Fireside Chat with National Association of REALTORS® CEO, Nykia Wright and New Jersey REALTORS® CEO, Jarrod Grasso.

Saddle Brook, NJ – December 27, 2024 - U.S. existing-home sales rose 3.4% month-over-month and 2.9% year-over-year to a seasonally adjusted annual rate of 3.96 million units, exceeding economists’ expectations for the month and marking the first annual gain since July 2021, according to the National Association of REALTORS® (NAR). Lower mortgage rates in late summer and early fall helped sales increase across all four regions.

“As we approach the close of 2024 and begin a new year, it’s important to take a moment to acknowledge both the challenges and the accomplishments of the year. This market hasn’t been easy—there’s no denying that. But the latest data reminds us that progress is being made,” states Greater Bergen REALTORS® 2025 President, Nicola Esposito.

Saddle Brook, NJ - December 17, 2024 - The Greater Bergen REALTORS® (GBR) Global Business Council (GBC) has retained the 2024 DIAMOND Status-Global Achievement Program Award by the National Association of REALTORS® (NAR) through 2026.

This year, under the leadership of Chair Dora Omana, Vice Chair Enkelana Drizaj, and Board Liaison Alireza Memar, the GBC has focused on retaining its legacy of leadership in global initiatives within the tri-state area. The goal was to reinforce our position as the primary resource for international real estate expertise.

Saddle Brook, NJ – November 25, 2024 - U.S. existing-home sales unexpectedly slipped 1.0% month-over-month and 3.5% year-over-year to a seasonally adjusted annual rate of 3.84 million, the lowest level in more than a decade, according to the National Association of REALTORS® (NAR). Prospective buyers have pulled back in recent months, despite lower mortgage rates and more home choices compared to the same time last year.

Saddle Brook, NJ - November 12, 2024 - This year, the National Association of REALTORS® hosted NAR NXT 2024 in Boston, Massachusetts for over 15,000 attendees from November 8-10, 2024. The year’s premier real estate conference combined the power of industry-leading speakers, expert education and networking opportunities.

This year at NAR NXT, Greater Bergen REALTORS Young Professionals Network (YPN) was recognized with the award for National YPN Large Network of The Year.