Greater Bergen Association of REALTORS® (GBAR) is a not-for-profit organization dedicated to serving the professional needs of more than 7,500 REALTOR® Members. GBAR is a member of the NATIONAL ASSOCIATION OF REALTORS® (NAR) - the largest trade association in America.

GBAR has worked diligently to establish itself as an accurate, knowledgeable, central resource for the media for information related to local real estate issues and trends. The Association regularly disseminates - among its members, the media, and the public - information on local real estate trends, consumer education initiatives, and industry advances. Below you will find links to the latest news and information from GBAR.

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Top Left to Right: YPN Members, Joseph Licata, BGCA of Lodi/Hackensack, CEO 

Bottom left to right: Boys and Girls Club og Lodi/Hackensack Club Members

 

Lodi, NJ(August 20, 2019)— Greater BergenRealtors®YPN partnered up with The Boys & Girls Club of Lodi and helped as aides to the staff throughout the day during scheduled summer program activities. These programs are offered through the organization, which currently serve 3,000 local kids in Lodi and Hackensack, New Jersey. During their volunteer day, YPN members presented a fundraiser check of $2,364 to the Club. These funds will be used toward the Special Needs Sensory Room at the Lodi clubhouse.

 Lodi, NJ (August 26, 2019) — The Greater Bergen Realtors® Care Foundation will be hosting their first beefsteak dinner fundraiser on Tuesday, September 17th at The Elan in Lodi, New Jersey. The fundraiser will assist in the mission of the REALTORS® Care Foundation to provide support to those in need in the local communities where our members live and work.

Hasbrouck Heights (August 22, 2019) — Greater Bergen Realtors®, along with the National Association of Realtors®, today commended the Department of Housing and Urban Development for finalizing new Federal Housing Authority condominium loan policies. By increasing the availability of FHA-backed condo loans, these changes should yield thousands of new homeownership opportunities nationwide and help alleviate affordability restraints impacting Bergen County’s housing market.

[Hackensack, NJ - July 2019]During the month of July, Greater Bergen REALTORS® (GBR) community Service & Outreach Committee and the Young Professionals Network (YPN) participated in the annual ‘Dinner with a Realtor’ initiative through the Family Promise Dinner of Bergen County. Family Promise has been committed to feeding the hungry since 1991. Every day of the year, a different group is scheduled to prepare and serve dinner at the Health and Human Services Center in Hackensack. Up to 150 people are served a nutritious meal each night. 

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[Bergen County, NJ - JULY 24, 2019] — According to the June 2019 Monthly Market Indicators released by NJ Realtors®, in Bergen County, although the economy is still performing well due to factors such as low unemployment and solid retail sales, uncertainty remains regarding trade tensions, slowed manufacturing and meek business investments. The Federal Reserve met in June, and as expected, they did not change the target range for the federal funds rate – currently set at 2.25 to 2.5 percent.

[Bergen County, NJ- June 25 2019] — According to the May 2019 Monthly Market Indicators released by NJ Realtors®, in Bergen County, there is a good sense for how the housing market is likely to perform for the foreseeable future. Although it is not a particularly exciting forecast, it is a desirable one. Markets across the country are regulating toward a middle ground between buyers and sellers. While it remains true that the sales prices are running higher and that inventory options are relatively low, buyers are beginning to find wiggle room at some price points and geographies.

[Trenton, NJ - June 2019]Greater Bergen Realtors® is proud to be able to be a part of NJ Realtors® Educational Scholarship program.  The NJ Realtors® Educational Foundation offers annual scholarships to help students meet the cost of higher education. The criteria for the student selection are based on academic achievements, financial need, interest in real estate endeavors and contributions to family, schools, and communities. This year, Greater Bergen Realtors® gave $7,500.00 honoring the local association past NJ Realtors® presidents.

One hundred and seventy-one Realtors® and industry professionals participated in the 5th Annual Golf and Tennis Outing at the Montammy Country Golf Club, raising funds for local organizations that focus on giving back to the community.

[Alpine, NJ, JUNE 18 2019]- The Greater Bergen Realtors® Care Foundation (RCF) hosted its fifth Annual Charity Golf & Tennis outing in Alpine, NJ on Monday, June 17th. Approximately $30,000 was raised to support local organizations that are invested in working and giving back to local communities in Bergen County.

(Teaneck, NJ) – Greater Bergen Realtors® (GBR) held their midyear meeting at the Teaneck Marriott at Glenpointe where GBR member, Bonnie Borghi from Friedberg Properties – River Vale was presented with the 2019 Greater Bergen Realtors® Good Neighbor Award.

The annual Greater Bergen Realtors® Good Neighbor Award is presented to one REALTOR® who makes extraordinary commitments to improving the quality of life in their local and/or global communities through volunteer community service.

Bergen County – The first quarter of 2019 provided several disruptive weather patterns that contributed to less foot traffic toward potential home sales. Coupled with low affordability, higher prices and an inventory situation in its infancy of recovering from record lows and several more days of wintry weather in April – slower sales persisted across most local residential real estate markets.

In Bergen County, single family closed sales decreased 6.5 percent to 489, townhouse -condo closed sales decreased 12.9 percent to 183. Adult communities closed sales decreased 42.9 percent to 4. The single family median sales price was down 0.2 percent to $475,000, townhouse-condo median sales price was up 2.9 percent to $350,000. Adult Communities Median Sales Price was up 140.2 percent to $672,500.

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CLICK HERE to view pictures from the presentation!

Greater Bergen REALTORS® has received a $5,000.00 placemaking grant from the National Association of REALTORS® to help make the town of Glen Rock a better place to live by transforming an unused space into vibrant public space for the community to gather and enjoy. The grant is intended to help REALTOR® Associations partner with others to plan, organize, implement and maintain Lighter, Quicker, Cheaper placemaking projects in their communities. The Greater Bergen Association of REALTORS® will use the funds to purchase agility equipment and bench seating.

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