News

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.