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.

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.

Saddle Brook, NJ – October 1, 2024 - Greater Bergen REALTORS® (GBR) charitable non-profit organization, the REALTORS® Care Foundation (RCF) was recognized for its philanthropic work throughout Northern New Jersey at the 2024 CrossCountry Mortgage SOAR event at Hudson House, on September 24, 2024.

Saddle Brook, NJ - October 22, 2024 - Greater Bergen REALTORS® hosted the 2024 Annual Membership Meeting and Affiliate Tradeshow on October 15 for over 400 attendees at the Glenpointe Marriott in Teaneck, NJ.

Members mingled at the Affiliate Trade Show, hosted by Campanella Law Office LLC, Think Mortgage, LCD Commercial Lending, Jiffy Junk, New Jersey Lenders Corp. Mortgage Bankers, Top Notch Moving And Storage Inc., Christina M. Rivera, Esq., ECAP Home Loans, Everett Title Agency, New York Life, NextGen Mortgage, Safety Environmental Co. of N.Y. Inc., Reno's Appliance, and Weiss Title Group.

Saddle Brook, NJ – September 24, 2024 - U.S. existing-home sales increased for the first time in 5 months, as lower mortgage rates and rising supply helped boost market activity. According to the National Association of REALTORS® (NAR), sales of previously owned homes rose 1.3% month-over-month to a seasonally adjusted annual rate of 3.95 million units, exceeding economists’ expectations and ending the downward trend of recent months.