News

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 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 – 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.