News

Saddle Brook, NJ – September 25, 2023 - Greater Bergen REALTORS® Community Service Committee joined forces with New Jersey REALTORS® Housing Opportunity Foundation on Thursday, September 21, for REALTORS® Care Day 2023. Every year during the month of September, GBR's Community Service Committee comes out to do hands-on work to the home

Saddle Brook, NJ – August 28, 2023 – Affordability constraints have continued to limit homebuying activity this summer, with existing-home sales falling 3.3% month-over-month nationwide as of last measure, according to the National Association of REALTORS® (NAR).

Mortgage rates have approached 7% in recent months, leading many prospective buyers to put their home purchase plans temporarily on hold. But higher rates have also kept many existing homeowners from listing their homes for fear of giving up the low-rate mortgages they locked in a few years ago, when rates were significantly lower.

Saddle Brook, NJ – August 15, 2023 - Throughout their yearlong campaign, Greater Bergen REALTORS® (GBR) Young Professionals Network (YPN) has held several food-packaging events at GBR headquarters in Saddle Brook to aid the mission of non-profit organization and community partner, Kids Against Hunger®.

Last week, YPN and GBR's Community Service Committee teamed up for another food-packaging event, where they were joined by leaders of Hudson Gateway Association of REALTORS® leadership, 2023 President, Tony D'Anzica, and Immediate Past President, Anthony Domathoti.

Saddle Brook, NJ – August 3, 2023 – Temperatures are heating up, yet the U.S. housing market remains cooler than usual for this time of year due to a combination of low inventory and higher borrowing costs, which have restricted market activity going into the summer homebuying season.

According to the latest data from the National Association of REALTORS® (NAR), national existing-home sales climbed 0.2% from the previous month but were down 20.4% compared to the same time last year, as fluctuating mortgage rates and a near all-time low level of inventory continue to influence home sales.

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 12, 2023 – Greater Bergen Realtors® Community Service Committee partnered with the Bergen Volunteer Center Mentoring Mom’s Program in their annual donation event, ‘Clean Homes, Clean Families’ where they collected cleaning supplies and toiletries to help local families in need.

“I am immensely grateful to each and every person who joined us in this meaningful endeavor and became a driving force of positive change in our community,” said 2023 Community Service Committee Chair, Gina Hernandez-Navarro, “We are truly privileged to count on such generous contributors and their unwavering support!”

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%.