News

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.