NJAR® Press Releases

10 Real Estate Facts for 2010

Thu, 14 Jan 2010 15:12:27 -0500

(Edison, NJ) The turn of a new year comes with both question and promise regarding New Jersey real estate. To prepare for the year ahead, the New Jersey Association of REALTORS® (NJAR®) has assembled a list of ten facts regarding the current state of real estate to offer some perspective on what to expect in 2010.

2009 SURVEY SHOWS FIRST-TIME BUYERS ACTIVE IN MARKET

Mon, 21 Dec 2009 12:13:51 -0500

According to the 2009 Profile of New Jersey Home Buyers and Sellers, first-time buyers account for a larger portion of the housing market than in previous years, largely due to the impact of the federal home buyer tax credit. The survey results released by the New Jersey Association of REALTORS® (NJAR®) found the number of first-time buyers rose to 52 percent. First-time buyers accounted for 49 percent of all buyers in 2008 and only 36 percent of buyers in 2007. When asked about the primary reason for the timing of their home purchase, 46 percent of first-time buyers said it was just the right time.

New Jersey Association of REALTORS® Announces GRI Class of 2009

Thu, 10 Dec 2009 09:41:35 -0500

At a ceremony during the Triple Play REALTOR® Convention and Trade Expo in Atlantic City last night, the New Jersey Association of REALTORS® (NJAR®) presented 16 brokers and 48 REALTORS® and REALTOR-ASSOCIATE®s with the Graduate REALTOR® Institute (GRI) designation.

2010 New Jersey Association of REALTORS® Leadership Team Installed

Wed, 9 Dec 2009 09:59:07 -0500

Judy Appleby, ABR, RSPS, SRES, of Appleby Realty in Seaside Park, N.J. will be taking the lead as 2010 president of the New Jersey Association of REALTORS® (NJAR®). Appleby was installed last night, along with the other members of the 2010 leadership team, at the President's Gala held at the Triple Play REALTOR® Convention & Trade Expo.

NJAR® Names REALTOR® and REALTOR-ASSOCIATE® of the Year

Tue, 8 Dec 2009 15:00:00 -0500

During an awards session today at the Triple Play REALTOR® Convention & Trade Expo in Atlantic City, the New Jersey Association of REALTORS® (NJAR®) named its annual REALTOR® of the Year and REALTOR-ASSOCIATE® of the Year. Two NJAR® members were recognized for their contributions to the real estate industry, their commitment to the REALTOR® organization, and their involvement in their local communities.

REALTORS® Awarded for Dedication to Association

Tue, 8 Dec 2009 15:00:00 -0500

A group of REALTORS® and REALTOR-ASSOCIATE®s from New Jersey were recognized for their dedication to the REALTOR® Association during an awards ceremony today at the Triple Play REALTOR® Convention and Trade Expo in Atlantic City. Forty-five members were awarded with the REALTOR® Emeritus designation, which signifies 40 years of membership in the organization. Additionally, NJAR® also welcomed 132 new members into the Quarter Century Club, a program that signifies 25 years of membership in the Association.

REALTORS® Awarded for Community Involvement

Tue, 8 Dec 2009 15:00:00 -0500

The New Jersey Association of REALTORS® (NJAR®) presented three members with NJAR® Good Neighbor Awards during an awards session at the Triple Play REALTOR® Convention and Trade Expo in Atlantic City today. The awards recognize individuals who have made extraordinary commitments to community service programs throughout the state.

NJ REALTORS® Poll Reveals Voters Are at a Breaking Point Over Property Taxes

Wed, 2 Dec 2009 15:33:01 -0500

December 2, 2009 - A poll released today by the New Jersey Association of REALTORS® (NJAR®) Governmental Research Foundation (GRF), reveals that strong dissatisfaction over taxes and a weak economy has left voters in a sour mood about New Jersey's future. The survey found that 70 percent of people think the state is on the wrong track. The single most pressing issue voters would like government leaders to tackle over the next two years is reducing taxes and fees (45 percent), which ranks even higher than improving the economy and attracting jobs (35 percent).

REALTORS® GIVING BACK TO COMMUNITY DURING TRIPLE PLAY CONVENTION

Tue, 24 Nov 2009 15:57:06 -0500

REALTORS® are giving back during the Triple Play REALTOR® Convention & Trade Expo, which is scheduled for December 8-10, 2009 at the Atlantic City Convention Center. For the second year in a row, the New Jersey, New York State and Pennsylvania associations of REALTORS® will host a food drive for the Atlantic City Rescue Mission (ACRM), which is dedicated to caring for the poor and homeless in southern New Jersey. Convention attendees are encouraged to bring non-perishable food items, canned goods or monetary donations.

NJAR® Releases Statement Regarding 3rd Quarter Home Sales Report

Tue, 10 Nov 2009 10:05:00 -0500

November 10, 2009 - Reacting to the NATIONAL ASSOCIATION OF REALTORS®' (NAR) 2009 Third Quarter Metro Home Prices/State Resales report, New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod C. Grasso, RCE, today issued the following statement.

It's a Brand New Day for Home Buyers

Fri, 6 Nov 2009 10:35:00 -0500

November 6, 2009 - President Obama today signed legislation H.R. 3548, which includes a provision to extend and expand the $8,000 first-time home buyer tax credit. The New Jersey Association of REALTORS® (NJAR®) anticipates that the newly signed legislation will help maintain the recent momentum seen in the New Jersey real estate market and spur the state's economy as a whole.

NJAR®: Extension and Expansion of Tax Credit will Boost Housing Market

Thu, 5 Nov 2009 15:48:04 -0500

November 5, 2009 - Reacting to Congressional passage of H.R. 3548, which includes a provision extending and expanding the home buyer tax credit, the New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod C. Grasso, RCE, today issued the following statement.

REALTORS® Recognize November as Designation Awareness Month

Thu, 29 Oct 2009 12:12:52 -0400

October 29, 2009 - Throughout November, the New Jersey Association of REALTORS® (NJAR®) recognizes REALTOR® Designation Awareness Month, a time to encourage members to "Keep It In the Family" by starting, continuing or completing the courses leading to one of the official NATIONAL ASSOCIATION OF REALTORS® (NAR)-endorsed designations or certifications available to members of the REALTOR® organization.

Registration Now Open For Tri-State REALTOR® Convention

Tue, 15 Sep 2009 11:32:31 -0400

Registration is now open for the largest annual real estate event in the region, the ninth annual Triple Play REALTOR® Convention & Trade Expo, which will take place at the Atlantic City Convention Center December 8-10, 2009. Sponsored by the New Jersey, New York State and Pennsylvania associations of REALTORS®, Triple Play offers real estate professionals premier access to distinguished speakers, educational opportunities, trend analysis and more.

State REALTOR® Group Using Viral Videos to Educate Buyers on Opportunities

Wed, 9 Sep 2009 17:04:19 -0400

September 9, 2009 - Is the line for the bathroom in your own home longer than one in Giants Stadium? Find yourself getting a little too close for comfort with your neighbors? Coming home with your new spouse to... your parents' place?

NJAR® President-Elect Judy Appleby Attends Leadership Summit

Wed, 26 Aug 2009 14:43:52 -0400

August 26, 2009 - New Jersey Association of REALTORS® (NJAR®) President-Elect Judy Appleby, ABR, RSPS, SRES, and NJAR® Executive Vice President Jarrod C. Grasso, RCE, attended the 2009 NATIONAL ASSOCIATION OF REALTORS® (NAR) Leadership Summit in Chicago, Illinois August 23-25, 2009. The Leadership Summit prepares presidents-elect and executive officers of state and local associations, commercial boards and structures, regional MLSs, and national institutes, societies, and councils for their future leadership roles.

NJAR® Reacts to 2nd Quarter Home Sales Report

Wed, 12 Aug 2009 10:29:13 -0400

August 12, 2009 - Reacting to the NATIONAL ASSOCIATION OF REALTORS®’ (NAR) 2009 Second Quarter Metropolitan Statistical Area (MSA) Home Prices/State Resales report, New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod C. Grasso, RCE, noted that first-time buyers are the key to successful recovery of the New Jersey real estate market.

NEW JERSEY REALTORS® REMAIN COMMITTED TO PROFESSION

Tue, 4 Aug 2009 11:24:58 -0400

(Edison, NJ) New Jersey REALTORS® are committed to the profession, according to results from a survey commissioned by the New Jersey Association of REALTORS® (NJAR®). The 2009 New Jersey Member Profile survey, found that 93 percent of REALTORS® are certain that they will remain active as real estate professionals during the next two years. The report also reveals other characteristics of New Jersey REALTORS® including their business activities, demographic characteristics and relationship to their firms.

REALTORS® Urge First-Time Buyers to Act Quickly, Tax Credit to Expire Soon

Thu, 30 Jul 2009 11:04:12 -0400

The New Jersey Association of REALTORS® (NJAR®) is encouraging those considering buying a home for the first time to act quickly, as there is very limited time to qualify for the $8,000 first-time home buyer tax credit. As of August 1, there will only be 121 days for first-time purchasers to take advantage of the credit. In order to qualify, the transaction must close before 11:59 p.m. on November 30, 2009.

NJAR® HOSTING FREE SEMINAR ON BUYING A HOME IN TODAY'S REAL ESTATE MARKET

Tue, 14 Jul 2009 10:11:05 -0400

The New Jersey Association of REALTORS® (NJAR®) will continue its educational seminar series on August 6 at the Holiday Inn in Totowa with a free event from 6:00 to 8:00 p.m. The Clock is Ticking -- Time to Harness Your Home Buying Power will give attendees insight on the many different aspects of buying a home.

NJAR® HOSTING FREE SEMINAR ON BUYING A HOME IN TODAY'S REAL ESTATE MARKET

Thu, 9 Jul 2009 13:48:47 -0400

The New Jersey Association of REALTORS® (NJAR®) will continue its educational seminar series on July 29 at the Grand Versailles Hotel in Maple Shade, with a free event from 6:00 to 8:00 p.m. The Clock is Ticking -- Time to Harness Your Home Buying Power will give attendees insight on the many different aspects of buying a home.

Affordability in Real Estate Market Creates Opportunities for Many

Tue, 7 Jul 2009 12:41:49 -0400

Housing affordability is higher in New Jersey than it has been in years, and buyers are taking advantage.

NJAR® ACCEPTING GOOD NEIGHBOR AWARD NOMINATIONS

Tue, 30 Jun 2009 09:12:33 -0400

The New Jersey Association of REALTORS® (NJAR®) is currently seeking nominations of REALTORS® who have acted as "good neighbors" through their dedication to community service. The NJAR® Good Neighbor Awards recognize REALTORS® who do more than help others buy and sell real estate in their community; they help by volunteering for charitable organizations.

State Officials and REALTOR® Group Discuss Fixes for N.J. Real Estate Market

Tue, 23 Jun 2009 09:33:52 -0400

June 23, 2009 - Officials from the New Jersey Department of Community Affairs (DCA) and the New Jersey Association of REALTORS® (NJAR®) today said the state has enormously important housing incentives available to first-time home buyers and that the programs are helping to invigorate New Jersey's housing market.

NJAR® Educational Foundation Awards Scholarships

Wed, 17 Jun 2009 15:43:44 -0400

June 17, 2009 - The New Jersey Association of REALTORS® Educational Foundation (NJAREF) today awarded 40 students with a total of $60,250 in scholarships to use towards furthering their education. Scholarships this year ranged from $1,000 to $2,500 and were presented to recipients at a luncheon ceremony at The Westwood in Garwood, N.J. This year's event marks the 26th anniversary of the Foundation's scholarship awards presentation ceremony.

NJ REALTORS® Take a Closer Look at Homeownership and Rental Affordability

Fri, 12 Jun 2009 16:38:23 -0400

The New Jersey Association of REALTORS® (NJAR®) Governmental Research Foundation (GRF) today unveiled an online, interactive database prepared by the nationally recognized Center for Housing Policy that compares wages for selected occupations with the costs of owning and renting a home. The purpose of the New Jersey specific Paycheck to Paycheck database is to examine housing affordability around the state.

New Jersey REALTORS® Celebrate National Homeownership Month with New Series of Programs

Mon, 8 Jun 2009 12:28:26 -0400

June 8, 2009 - Each June, the New Jersey Association of REALTORS^® (NJAR^®) joins REALTORS^® from across the country in promoting the benefits of homeownership and bringing to light the challenges people may face when trying to afford to purchase a home. This year, in celebration of National Homeownership Month, NJAR^® is presenting a series of programs and events to aid potential home buyers in recognizing the benefits and opportunities available in this market as well as help answer their questions in determining whether now is the appropriate time for them to buy.

NJAR® Applauds Bill Establishing Continuing Education for Real Estate Licensees

Thu, 4 Jun 2009 16:00:00 -0400

The New Jersey Association of REALTORS^® (NJAR^®) today voiced its enthusiastic support for legislation establishing continuing education requirements for real estate licensees. As a means of increasing consumer protections and encouraging the use of the most up-to-date educational tools by real estate licensees, the bill requires real estate brokers, broker-salespersons and salespersons to complete continuing education requirements as a condition for license renewal.

NJAR® Hosting Educational Series on Buying a Home in Today's Real Estate Market

Wed, 3 Jun 2009 13:34:10 -0400

June 3, 2009 - The New Jersey Association of REALTORS® (NJAR®), in partnership with The Star-Ledger, will kick off its educational seminar series on June 24 at the NJ Convention and Exposition Center at Raritan Center in Edison, with a free event from 6:00 to 8:00 p.m. The Clock is Ticking -- Time to Harness Your Home Buying Power will give attendees insight on the many different aspects of buying a home.

Online Testimonials Offer Buyers and Sellers Advice, Ideas

Tue, 26 May 2009 15:59:03 -0400

The newly re-launched website at http://www.REALstoryNJ.com has been updated to inform and educate potential buyers and sellers of New Jersey real estate, offering first-hand knowledge from individuals, couples and families who recently bought or sold in this market.

New Jersey REALTORS® Take Their Case to Capitol Hill

Tue, 19 May 2009 10:49:39 -0400

May 19, 2009 - Members from the New Jersey Association of REALTORS® (NJAR®) were among more than 8,000 REALTORS® from across the country who recently attended the NATIONAL ASSOCIATION OF REALTORS® (NAR) annual Midyear Legislative Meetings & Trade Expo in Washington, D.C., May 11-16. During the conference, New Jersey REALTORS® also took time to meet with their congressional representatives to voice their positions on federal issues that impact New Jersey's real estate market.

NJAR® Releases Statement Regarding 1st Quarter Home Sales Report

Tue, 12 May 2009 10:10:00 -0400

Reacting to the NATIONAL ASSOCIATION OF REALTORS®' (NAR) 2009 First Quarter Metro Home Prices/State Resales report, New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod C. Grasso, RCE, today issued the following statement.

NJ REALTORS® Support Creation of State Catastrophe Fund

Thu, 7 May 2009 14:18:30 -0400

May 7, 2009 - An increasing number of homeowners in coastal areas throughout New Jersey are experiencing greater difficulty in obtaining homeowner's insurance at an affordable rate. In response to this growing problem, the New Jersey Association of REALTORS® (NJAR®) today voiced its support for the "New Jersey Consumer Catastrophe Preparedness and Protection Act."

New Jersey REALTORS® Applaud Appointment of Christina Clemans to State Housing Commission

Wed, 6 May 2009 10:25:20 -0400

May 6, 2009 - The New Jersey Association of REALTORS® (NJAR®) applaud Monday's confirmation of Christina P. Clemans to the State Housing Commission by New Jersey Senate.

New Jersey REALTORS® Speak Out Against Asbury Park's Parking Plan

Wed, 22 Apr 2009 15:00:00 -0400

Reacting to Asbury Park's proposal to increase parking fees and impose parking permits for permanent and seasonal residents, New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod C. Grasso, RCE issued the following statement.

REALTORS® Offer Tips on the Jersey Shore Rental Market

Tue, 21 Apr 2009 15:42:12 -0400

April 21, 2009 - As summer approaches and vacationers begin thinking about getaway plans with friends and loved ones, consider a summer rental to enjoy the beaches, boardwalks, and other treasures of the Jersey Shore. The expert members of the New Jersey Association of REALTORS® (NJAR®) have some valuable advice to share with those considering renting a property at the Shore this coming season.

REALTORS® Promote Fair Housing for All

Wed, 8 Apr 2009 13:51:30 -0400

April 8, 2009 - Throughout April, the New Jersey Association of REALTORS® (NJAR®) will support Fair Housing Month by helping to raise awareness and educate consumers about fair housing laws and the importance of equal opportunity in housing.

New Jersey REALTORS®: High Taxes on Real Estate Hurt New Jersey's Bottom Line

Tue, 7 Apr 2009 14:10:53 -0400

April 7, 2009 - The New Jersey Association of REALTORS® (NJAR®) today said the significant downturn in realty transfer fee collections shows that high taxes on real estate have a detrimental impact on the state economy.

NJAR® Kicks Off Spring Buying Season with Tax Credit Countdown

Fri, 3 Apr 2009 14:20:37 -0400

Get the REAL Story^SM campaign educates consumers about local market conditions and government incentives through new website, webinars, and "real story" anecdotes

April 3, 2009 - With an $8,000 federal tax credit available to first-time home buyers and mortgage rates at 40-year lows, the New Jersey Association of REALTORS^® (NJAR^®) announced today the launch of a newly designed website, www.REALstoryNJ.com, featuring a countdown to the expiration of the federal first-time home buyer tax credit. The site was launched as part of NJAR^®'s public education campaign, Get the REAL Story^SM, to kick off the spring home buying season and encourage consumers to learn about local real estate market advantages in New Jersey.

Click here to read the full release.

NJ REALTORS® Call on Lawmakers to Fully Restore the Property Tax Deduction

Fri, 20 Mar 2009 15:45:59 -0400

March 20, 2009 - Responding to Governor Jon Corzine's latest budget proposal to include the restoration of the property tax deduction for households earning up to $150,000, New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod C. Grasso, RCE issued the following statement.

NJAR® Supports the New Jersey Network

Fri, 13 Mar 2009 11:45:17 -0400

March 13, 2009 - This year the New Jersey Association of REALTORS® (NJAR®) is celebrating seven years of support for the New Jersey Network (NJN) as a sponsor of its quality programming and nightly news. This spring, NJN viewers will see a 30-second spot of 2009 NJAR® President Diane Dilzell discussing the important role of REALTORS® in helping New Jerseyans achieve the American dream. An additional 30-second spot highlighting NJAR®'s legislative advocacy efforts will air during NJN's news and public affairs programming.

NJ REALTORS®: Budget Proposal is an Assault on Property Owners

Tue, 10 Mar 2009 16:10:09 -0400

March 10, 2009 - Responding to Governor Jon Corzine's proposal to eliminate the property tax deduction next year on state income taxes for everyone but seniors, New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod C. Grasso, RCE issued the following statement.

NJAR® Educational Foundation to Present 39 Scholarships This Spring

Thu, 5 Mar 2009 15:33:44 -0500

March 5, 2009 - The New Jersey Association of REALTORS® Educational Foundation (NJAREF) will present 39 scholarships this year, ranging from $1,000 to $2,500 each.

New Jersey REALTORS® Troubled by Point Pleasant Beach's Parking Plan

Tue, 3 Mar 2009 15:28:05 -0500

March 3, 2009 - Reacting to Point Pleasant Beach's proposal to increase parking fees and restrict free parking permits for permanent and seasonal residents, New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod C. Grasso, RCE issued the following statement.

New Jersey REALTORS® Oppose Obama Plan to Slash Mortgage Interest Deduction

Fri, 27 Feb 2009 11:53:34 -0500

The New Jersey Association of REALTORS® (NJAR®) today said President Obama's budget proposal to reduce the amount of mortgage tax deductibility for families earning over $250,000 will negatively impact housing and economic recovery efforts in high cost areas like New Jersey.

NJAR® Encourages Consumers to Explore Short Sales as an Alternative to Foreclosure

Wed, 18 Feb 2009 15:00:00 -0500

February 18, 2009 - In today's unsteady economy, many homeowners experiencing financial difficulty have turned to a short sale as a means of avoiding a foreclosure. In many cases, sellers who cannot keep up with their mortgage payments strike a deal with their lender to sell the home and payoff less than the total amount due on the loan. In some cases, the lender forgives the outstanding debt. A short sale can occur in any real estate transaction where the purchase price is less than the amount required to pay off the liens on the real property, such as mortgages, judgments, taxes, homeowner or condominium association fees, assessments, as well as closing costs including but not limited to brokerage commissions, realty transfer fee, and attorney's fees.

NJAR® Releases Statement Regarding 4th Quarter Home Sales Report

Thu, 12 Feb 2009 13:00:00 -0500

February 12, 2009 - Reacting to the NATIONAL ASSOCIATION OF REALTORS®' (NAR) 2008 Fourth Quarter Metro Home Prices/State Resales report, New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod C. Grasso, RCE, today issued the following statement.

New Jersey REALTORS® Release Annual Profile of New Jersey Home Buyers and Sellers

Fri, 30 Jan 2009 15:06:02 -0500

January 30, 2009 - According to the 2008 Profile of New Jersey Home Buyers and Sellers, first-time buyers account for a larger portion of the housing market than in previous years. The survey conducted by the NATIONAL ASSOCIATION of REALTORS® (NAR) on behalf of the New Jersey Association of REALTORS® (NJAR®) found the number of first-time buyers rose to 49 percent from 36 percent in 2007. When asked about the primary reason for the timing of their home purchase, 49 percent of first-time buyers said it was just the right time.

NJ REALTORS® Poll Reveals the Public Wants Lawmakers to Focus on Reducing Taxes

Tue, 27 Jan 2009 12:30:00 -0500

January 27, 2009 - A poll released today by the New Jersey Association of REALTORS® (NJAR®) Governmental Research Foundation (GRF), reveals that 40.2 percent of people think reducing taxes and government fees is the most important issue government leaders should work on in the next two years. In addition, a significant number of people (34 percent) believe improving the economy and attracting more jobs to the state is the most important issue facing New Jersey.

MEDIA ADVISORY NEW JERSEY ASSOCIATION OF REALTORS® TO HOST WEBINAR ON HOUSING AND TAX ISSUES POLL

Thu, 22 Jan 2009 12:22:16 -0500

In an effort to assist lawmakers with their policy-making decisions, the New Jersey Association of REALTORS® Governmental Research Foundation recently commissioned a non-partisan poll on the critical issues facing the Garden State. The poll was conducted to gauge public sentiment on critical matters such as taxes, affordable housing and transportation. A webinar on the poll results of 814 randomly selected registered New Jersey voters will be conducted on Tuesday, January 27, 2009. During the briefing an in-depth analysis of the survey findings will be given, including an explanation of the public’s opinion on the real estate industry and its impact on the state economy.

WHO: The New Jersey Association of REALTORS® Governmental Research Foundation

WHAT: Webinar briefing on a public opinion poll covering critical housing and tax issues facing New Jersey.

WHEN: Tuesday, January 27, 2009 at 11:30 a.m.

HOW: To participate in the webinar, visit http://njar.acrobat.com/pollbriefing at the scheduled date and time. When logging in, sign on as a guest and fill in your name. The audio portion of the webinar will be provided by way of a conference call, which you will be able to participate in once you are signed in. Prompts and instructions will be given to as you move through the system. If you experience problems logging in, please call (732) 494-5616.

PRESENTERS: Paul Fallon, President, Fallon Research & Communications, Inc. Jarrod Grasso, Executive Vice President, New Jersey Association of REALTORS®

# # #

The New Jersey Association of REALTORS®, with approximately 53,000 REALTOR® and REALTOR-ASSOCIATE® members, is one of the largest trade organizations in the state. NJAR®’s membership is comprised of real estate professionals who subscribe to a strict Code of Ethics and are members of the national and local REALTOR® organizations. As the leading advocate for the real estate industry and private property rights in New Jersey, NJAR® is committed to protecting the dream of homeownership. For more information, please visit www.njar.com.

The NJAR® Governmental Research Foundation (GRF) was formed in 1999 to research issues; to promote knowledge of, conducted research, and assist in issue research in the field of real estate and related fields; and to inform and educate the public on subjects of the public interest and general concern pertaining to real estate, land use and related topics.

The Realities of Selling a Home in Today's Market

Thu, 15 Jan 2009 11:19:31 -0500

Preparing a home for sale in today's market often requires more than just few cosmetic improvements - it requires keeping an open mind about what buyers are looking for, and staying up to date on the local housing market. Homeowners can change the way buyers view a property inside and out with some updated staging and marketing techniques, and should be open to their REALTORS®' more realistic suggestions for pricing.

New Jersey REALTORS® Release Statement Reacting to Corzine's State of the State Address

Tue, 13 Jan 2009 15:51:12 -0500

New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod Grasso, RCE issued the following statement in reaction to Governor Jon Corzine's State of the State address to a joint session of the New Jersey Legislature.

NJAR® to Work with Public Advocate to Educate Members on Tenants' Rights During a Foreclosure

Tue, 23 Dec 2008 12:45:00 -0500

New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod C. Grasso, RCE issued the following statement in reaction to Public Advocate Ronald Chen's press conference reaffirming the rights of tenants during a foreclosure situation.

New Jersey Association of REALTORS® Applauds GRI Class of 2008

Thu, 11 Dec 2008 07:00:00 -0500

December 11, 2008 - The New Jersey Association of REALTORS® (NJAR®) presented 68 REALTORS® and REALTOR-ASSOCIATES® with the Graduate REALTOR® Institute (GRI) designation, at a ceremony during the Triple Play REALTOR® Convention and Trade Expo in Atlantic City last night.

4th Annual Bus Tour Focuses on Atlantic City’s Past, Present & Future

Wed, 10 Dec 2008 17:00:00 -0500

The New Jersey Association of REALTORS® Housing Opportunity Foundation, Inc. (NJARHOF) hosted its fourth annual bus tour today, which focused on revitalization efforts throughout Atlantic City. The tour was offered to attendees of the Triple Play REALTOR® Convention and Trade Expo. Triple Play, the region’s largest annual real estate convention, is hosted by the New Jersey, New York State and Pennsylvania associations of REALTORS®.

2009 New Jersey Association of REALTORS® Leadership Team Installed

Wed, 10 Dec 2008 07:00:00 -0500

December 10, 2008 - The New Jersey Association of REALTORS® (NJAR®) last night installed its 2009 officers during the President's Gala at the Triple Play REALTOR® Convention & Trade Expo.

Leading the approximately 53,000 member Association as 2009 president will be Diane Dilzell. Dilzell, who joined the REALTOR® organization in 1989, is a broker-associate/manager at Pinnacle, REALTORS® of Bedminster. In her role as president, Dilzell will help further NJAR®'s mission to serve the professional needs of its members, develop programs and services to enhance the ability to conduct business successfully and ethically, and to serve as an advocate for private property rights and the real estate industry.

NJAR® Names REALTOR® and REALTOR-ASSOCIATE® of the Year

Tue, 9 Dec 2008 16:00:00 -0500

During an awards session at the Triple Play REALTOR® Convention & Trade Expo in Atlantic City today, the New Jersey Association of REALTORS® (NJAR®) presented its annual REALTOR® of the Year and REALTOR-ASSOCIATE® of the Year awards. The prestigious annual awards recognize two NJAR® members’ contributions to the real estate industry, as well as their continued commitment and support to the local community through the REALTOR® organization.

REALTORS® Recognized for Community Service

Tue, 9 Dec 2008 16:00:00 -0500

NJAR® Honors Long-term Commitment of its Members

Tue, 9 Dec 2008 16:00:00 -0500

During an awards ceremony at the Triple Play REALTOR® Convention and Trade Expo in Atlantic City today, the New Jersey Association of REALTORS® (NJAR®) applauded 31 members who achieved the REALTOR® Emeritus designation. The designation signifies 40 years of membership in the Association. Additionally, NJAR® also welcomed 150 new members into the Quarter Century Club, a program that signifies 25 years of membership in the Association.

MEDIA ADVISORY Economist Paul Bishop to Give Real Estate Trends Update at Triple Play REALTOR® Convention & Trade Expo

Tue, 2 Dec 2008 15:30:00 -0500

Nationally recognized economist, Paul C. Bishop, Ph.D. will give an economic and real estate trends update at the Triple Play REALTOR® Convention & Trade Expo on December 10, 2008 at 9 a.m. In his presentation, Bishop, who is the National Association of REALTORS® (NAR) Managing Director of Real Estate Research, will outline factors contributing to current market conditions on both the national and state levels. He will provide his expert analysis of the most important economic indicators that influence real estate markets. He will address the impact anticipated state budget shortfalls, rising property taxes and the crisis on Wall Street will have on local real estate industries.

Additionally, Bishop, as well as officers from the New Jersey, New York State and Pennsylvania associations of REALTORS® will be available to answer questions from the media. Members of the press are encouraged to go to Room 307 immediately following the presentation.

WHO: National Association of REALTORS® Managing Director of Real Estate Research Paul Bishop, Ph.D.

WHAT: A featured presentation on current economic and real estate trends affecting New Jersey, New York and Pennsylvania

WHEN: Wednesday, December 10, 2008 from 9 a.m. to 10 a.m.
(Media availability to be held immediately following presentation in Room 307)

WHERE: Atlantic City Convention Center, Room 312
(Media availability to be held immediately following presentation in Room 307)
One Convention Boulevard
Atlantic City, NJ 08401
For directions, please visit http://www.accenter.com/aboutthecenter/directions.asp

For your complimentary press pass contact: Danielle Alpert at (732) 494-4730.

REALTORS® Collect Canned Goods for the Atlantic City Rescue Mission

Tue, 25 Nov 2008 14:00:00 -0500

REALTORS® are giving back to the community during the Triple Play REALTOR® Convention & Trade Expo, which is scheduled for December 9-11, 2008. The New Jersey, New York State and Pennsylvania associations of REALTORS® will host a food drive for the Atlantic City Rescue Mission (ACRM), to show appreciation to the community for hosting Triple Play for the past eight years. Convention attendees are encouraged to bring non-perishable food items, canned goods or monetary donations.

Three Reasons New Jersey Home Buyers Can't Afford to Wait

Wed, 19 Nov 2008 12:30:00 -0500

November 19, 2008 - New Jersey residents might have heard a lot about waiting for the real estate market to "bottom out" lately from real estate speculators and financial pundits, but before deciding to wait on the sidelines, home buyers need to first consider three timely reasons why waiting can end up costing them.

NJAR® Releases Statement Regarding 3rd Quarter Home Sales Report

Tue, 18 Nov 2008 11:00:00 -0500

November 18, 2008 - Reacting to the NATIONAL ASSOCIATION OF REALTORS®' (NAR) 2008 Third Quarter Metro Home Prices/State Resales report, New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod C. Grasso, RCE, today issued the following statement.

Triple Play REALTOR® Convention & Trade Expo Goes Green

Mon, 3 Nov 2008 15:30:00 -0500

November 3, 2008 - In response to growing consumer demand for environmentally friendly homes and building practices, the New Jersey, New York State and Pennsylvania associations of REALTORS® are providing their members with the opportunity to earn the new NATIONAL ASSOCIATION OF REALTORS®' (NAR) Green Designation. During the Triple Play REALTOR® Convention & Trade Expo, REALTORS® will be able to take a designation course that provides an in-depth understanding of "what green means" for every aspect of real estate.

New Jersey REALTORS® Take Their Message to Trenton

Thu, 23 Oct 2008 09:11:46 -0400

October 23, 2008 - Members of the New Jersey Association of REALTORS® (NJAR®) visited Trenton today to witness the legislative process in action and to discuss key issues that have an impact on property owners and the real estate industry, including realty transfer fees and property taxes. The first annual REALTORS®' Day in Trenton provided REALTORS® from around the state the opportunity to speak directly with the elected officials who develop and enact laws that impact the housing industry.

A Look at Mortgage Options in Today's Market

Mon, 20 Oct 2008 16:00:00 -0400

October 20, 2008 - Navigating through the often complex process of obtaining a home mortgage can seem to be one of the most daunting parts of buying a home, especially in these challenging economic times. However, New Jersey residents are now proactively evaluating the effect of economic changes, weighing their mortgage options and exploring assistance programs before they have even begun the search for a home.

New Jersey REALTORS® Call on Lawmakers to Take More Steps to Stimulate the State's Housing Market

Thu, 16 Oct 2008 16:00:00 -0400

October 16, 2008 - (Edison, NJ) New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod Grasso issued the following statement in reaction to Governor Corzine's economic address to a joint session of the New Jersey Legislature.

Robert Kennedy Jr. to Speak at Largest Annual Real Estate Event in the Region

Mon, 13 Oct 2008 14:30:00 -0400

October 13, 2008 - Robert F. Kennedy Jr. will give the keynote address at the eighth annual Triple Play REALTOR® Convention & Trade Expo, which will take place at the Atlantic City Convention Center December 9-11, 2008. Sponsored by the New Jersey, New York State and Pennsylvania associations of REALTORS®, Triple Play is the largest annual real estate event in the region.

NJAR® Statement on Legislative Reaction to Economic Crisis

Mon, 6 Oct 2008 12:00:00 -0400

October 6, 2008 - New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod Grasso issued the following statement in reaction to ongoing efforts by the New Jersey Legislature to address the state's adverse economic climate.

NEW JERSEY REALTORS® AND BUILDERS HOST SEMINAR ON HOUSING AND ECONOMIC RECOVERY ACT OF 2008

Wed, 1 Oct 2008 14:25:14 -0400

The New Jersey Association of REALTORS® (NJAR®) and the New Jersey Builders Association (NJBA), today, hosted a seminar to discuss aspects and benefits of the recently enacted Housing and Economic Recovery Act of 2008. Viewed as "milestone legislation," the Federal Housing Act provides a much-needed boost to the housing industry by creating more homeownership opportunities.

Winners Announced in Annual NJAR® Fair Housing Poster Contest

Fri, 26 Sep 2008 16:00:00 -0400

September 26, 2008 - The New Jersey Association of REALTORS® (NJAR®) proudly announces the winners of its annual "Housing for All" Poster Contest. The contest is sponsored each year by the NJAR® Equal Opportunity/Cultural Diversity Committee. Open to students in grades three to six, the contest raises awareness among young students of fair housing laws and everyone's right to equal housing opportunities.

New Jersey REALTORS® and Builders to Host Seminar on Federal Housing and Economic Recovery Act of 2008

Thu, 25 Sep 2008 16:00:00 -0400

September 25, 2008 - The New Jersey Association of REALTORS® and the New Jersey Builders Association have teamed up to host a seminar to discuss the recently enacted Housing and Economic Recovery Act of 2008. The Federal Housing Act is widely considered to be "milestone legislation" that will provide a much-needed boost to the housing industry.

NJAR® Stresses the Importance of REALTOR® and Consumer Safety

Fri, 12 Sep 2008 15:30:30 -0400

September 12, 2008 - As the New Jersey Association of REALTORS® (NJAR®) observes the sixth annual REALTOR® Safety Week from September 14-20, 2008, it reiterates the need for both consumers and REALTORS® to be aware of the potentially harmful situations that may occur during the home buying and selling process.

Registration for REALTOR® Convention Now Open

Wed, 10 Sep 2008 12:00:00 -0400

September 10, 2008 - Registration is now open for the eighth annual Triple Play REALTOR® Convention & Trade Expo, which will take place at the Atlantic City Convention Center December 9-11, 2008. Sponsored by the New Jersey, New York State and Pennsylvania associations of REALTORS®, Triple Play is the largest annual real estate event in the region. Those who register for the convention by October 15, 2008 will receive the early-bird, discounted prices.

Home Buying and Selling 101: Steps New Jersey Residents Should Take to Make Sound Real Estate Decisions

Tue, 2 Sep 2008 15:30:00 -0400

September 2, 2008 - New Jersey residents who may be hesitant about buying or selling a home now have several ways to educate themselves about real estate opportunities and local market conditions in the Garden State.

Survey Reveals That REALTORS® Use Technology to Meet Client Needs

Tue, 19 Aug 2008 11:00:00 -0400

August 19, 2008 - According to a recent survey, New Jersey REALTORS® are increasingly relying on technology to connect with clients and meet their needs. The 2008 New Jersey Member Profile reveals that REALTORS® are becoming more tech savvy and accessible to clients by increasing their use of the Internet and technological devices.

NJAR® Releases Statement Regarding 2nd Quarter Home Sales Report

Thu, 14 Aug 2008 10:30:00 -0400

August 14, 2008 - Reacting to the NATIONAL ASSOCIATION OF REALTORS®' (NAR) 2008 Second Quarter Metro Home Prices/State Resales report, the New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod C. Grasso, RCE today issued the following statement.

New Jersey Residents Capitalize on Opportunities in Local Real Estate Markets

Mon, 11 Aug 2008 16:00:00 -0400

August 11, 2008 - Despite national headlines suggesting that the real estate market is stagnant, New Jersey residents have recently found opportunities in the state's real estate market. These real life experiences have been compiled by the New Jersey Association of REALTORS® (NJAR®) in an effort to highlight the opportunities that exist in the state's local markets.

Get the REAL Story Public Education Campaign Ads Launched

Tue, 5 Aug 2008 16:00:28 -0400

August 5, 2008 - New Jersey real estate has generally maintained its long-term value. The seven year home appreciation rate (2001 to 2008) in the state is 80.4% - more than double the national rate of 37.8%. There are many signs of opportunity for home buyers in the Garden State. This and other messaging will be featured in the advertising portion of the New Jersey Association of REALTORS®' (NJAR®) Get the REAL Story public education campaign. This week, ads promoting the New Jersey housing market as a place of opportunity will start appearing on radio, in print and on the Internet and will continue through the next four months.

NJAR® Reacts to the Passage of the New Housing Bill

Wed, 30 Jul 2008 17:53:51 -0400

July 30, 2008 - New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod Grasso issued the following statement in reaction to the enactment of the Housing and Economic Recovery Act of 2008:

"The New Jersey Association of REALTORS® (NJAR®) is extremely pleased that the Housing and Economic Recovery Act of 2008 was signed into law today. This measure will certainly have a positive impact on families and the economy here in New Jersey. In fact, when a home is sold in New Jersey income generated from real estate related industries and additional expenditures such as furniture and appliances totals nearly $40,000. Recognizing the real estate industry as an engine fueling our national and state economies, NJAR® has always been a strong advocate for the passage of any legislation that helps promote the dream of homeownership."

Click here to read the full statement.

Survey Reveals New Jersey REALTORS®' Commitment to Professionalism

Fri, 25 Jul 2008 13:30:00 -0400

July 25, 2008 - Professional courses and training are important to REALTORS®, according to results from a survey commissioned by the New Jersey Association of REALTORS® (NJAR®). The 2008 New Jersey Member Profile survey, found that the number of REALTORS® who have obtained a professional designation has increased by 8 percent from the previous year. The report also reveals other characteristics of New Jersey REALTORS® including their business activities, demographic characteristics and relationship to their firms.

Seven Things You Need to Know About Real Estate in New Jersey

Wed, 16 Jul 2008 16:10:30 -0400

New Jersey residents might be surprised to learn that there are many positive aspects about the state's real estate market. Currently, New Jersey real estate market offers many opportunities, evidenced by areas of positive growth including rising median sales prices in some areas of the state, increasing affordability rates and a high average of accumulated home equity, according to statistics presented by the New Jersey Association of REALTORS® (NJAR®).

NJAR® REACHES THE PUBLIC AND MEMBERS THROUGH NEW MULTIMEDIA AND WEB INITIATIVES

Wed, 2 Jul 2008 16:00:00 -0400

The New Jersey Association of REALTORS® (NJAR®) today announced its use of several new multimedia and web initiatives that enable the Association to connect with its members and the public through a variety of different means. Consumers and NJAR® members can now get information about the Association and its activities through a variety of mediums that fit their lifestyle needs.

NJAR® EDUCATIONAL FOUNDATION CELEBRATES SCHOLARSHIP WINNERS

Wed, 18 Jun 2008 16:00:00 -0400

The New Jersey Association of REALTORS® Educational Foundation (NJAREF) today awarded 37 students with a total of $55,750 in scholarships to use towards furthering their education. Scholarships this year ranged from $1,000 to $2,500 and were presented to recipients at a luncheon ceremony at The Westwood in Garwood, NJ. This year's event marks the 25th anniversary of the Foundation's scholarship awards presentation ceremony.

New Jersey Association of REALTORS® Launches Public Education Campaign

Mon, 16 Jun 2008 17:20:00 -0400

The New Jersey Association of REALTORS® (NJAR®), a non-profit organization serving the professional needs of approximately 53,000 REALTOR® and REALTOR-ASSOCIATE® members in the state, today launched a public education campaign to highlight the opportunities in New Jersey's real estate market.

NJAR® REACTS TO HOUSING STATISTICS CORRECTION

Fri, 13 Jun 2008 16:30:00 -0400

(Edison, NJ) The New Jersey Association of REALTORS® (NJAR®) Executive Vice President Jarrod Grasso issued the following statement in reaction to the NATIONAL ASSOCIATION OF REALTORS®' (NAR) report that the seasonally-adjusted annual rate of existing-home sales in New Jersey for the first quarter of 2008 is incorrect.

New Jersey REALTORS® Celebrate National Homeownership Month

Mon, 2 Jun 2008 16:00:51 -0400

Owning a home is part of the American dream, a fact celebrated during National Homeownership Month each June. In New Jersey where the average price of an existing single-family home is approximately $376,400, this dream is unaffordable for many New Jersey residents. Throughout the month, the New Jersey Association of REALTORS® (NJAR®) will join with REALTORS® from across the country to help promote the benefits of homeownership and bring to light the challenges people deal with when trying to afford to purchase a home.

NJAR® Press Releases

10 Real Estate Facts for 2010

2009 SURVEY SHOWS FIRST-TIME BUYERS ACTIVE IN MARKET

New Jersey Association of REALTORS® Announces GRI Class of 2009

2010 New Jersey Association of REALTORS® Leadership Team Installed

NJAR® Names REALTOR® and REALTOR-ASSOCIATE® of the Year

REALTORS® Awarded for Dedication to Association

REALTORS® Awarded for Community Involvement

NJ REALTORS® Poll Reveals Voters Are at a Breaking Point Over Property Taxes

REALTORS® GIVING BACK TO COMMUNITY DURING TRIPLE PLAY CONVENTION

NJAR® Releases Statement Regarding 3rd Quarter Home Sales Report

It's a Brand New Day for Home Buyers

NJAR®: Extension and Expansion of Tax Credit will Boost Housing Market

REALTORS® Recognize November as Designation Awareness Month

Registration Now Open For Tri-State REALTOR® Convention

State REALTOR® Group Using Viral Videos to Educate Buyers on Opportunities

NJAR® President-Elect Judy Appleby Attends Leadership Summit

NJAR® Reacts to 2nd Quarter Home Sales Report

NEW JERSEY REALTORS® REMAIN COMMITTED TO PROFESSION

REALTORS® Urge First-Time Buyers to Act Quickly, Tax Credit to Expire Soon

NJAR® HOSTING FREE SEMINAR ON BUYING A HOME IN TODAY'S REAL ESTATE MARKET

NJAR® HOSTING FREE SEMINAR ON BUYING A HOME IN TODAY'S REAL ESTATE MARKET

Affordability in Real Estate Market Creates Opportunities for Many

NJAR® ACCEPTING GOOD NEIGHBOR AWARD NOMINATIONS

State Officials and REALTOR® Group Discuss Fixes for N.J. Real Estate Market

NJAR® Educational Foundation Awards Scholarships

NJ REALTORS® Take a Closer Look at Homeownership and Rental Affordability

New Jersey REALTORS® Celebrate National Homeownership Month with New Series of Programs

NJAR® Applauds Bill Establishing Continuing Education for Real Estate Licensees

NJAR® Hosting Educational Series on Buying a Home in Today's Real Estate Market

Online Testimonials Offer Buyers and Sellers Advice, Ideas

New Jersey REALTORS® Take Their Case to Capitol Hill

NJAR® Releases Statement Regarding 1st Quarter Home Sales Report

NJ REALTORS® Support Creation of State Catastrophe Fund

New Jersey REALTORS® Applaud Appointment of Christina Clemans to State Housing Commission

New Jersey REALTORS® Speak Out Against Asbury Park's Parking Plan

REALTORS® Offer Tips on the Jersey Shore Rental Market

REALTORS® Promote Fair Housing for All

New Jersey REALTORS®: High Taxes on Real Estate Hurt New Jersey's Bottom Line

NJAR® Kicks Off Spring Buying Season with Tax Credit Countdown

NJ REALTORS® Call on Lawmakers to Fully Restore the Property Tax Deduction

NJAR® Supports the New Jersey Network

NJ REALTORS®: Budget Proposal is an Assault on Property Owners

NJAR® Educational Foundation to Present 39 Scholarships This Spring

New Jersey REALTORS® Troubled by Point Pleasant Beach's Parking Plan

New Jersey REALTORS® Oppose Obama Plan to Slash Mortgage Interest Deduction

NJAR® Encourages Consumers to Explore Short Sales as an Alternative to Foreclosure

NJAR® Releases Statement Regarding 4th Quarter Home Sales Report

New Jersey REALTORS® Release Annual Profile of New Jersey Home Buyers and Sellers

NJ REALTORS® Poll Reveals the Public Wants Lawmakers to Focus on Reducing Taxes

**MEDIA ADVISORY** NEW JERSEY ASSOCIATION OF REALTORS® TO HOST WEBINAR ON HOUSING AND TAX ISSUES POLL

The Realities of Selling a Home in Today's Market

New Jersey REALTORS® Release Statement Reacting to Corzine's State of the State Address

NJAR® to Work with Public Advocate to Educate Members on Tenants' Rights During a Foreclosure

New Jersey Association of REALTORS® Applauds GRI Class of 2008

4th Annual Bus Tour Focuses on Atlantic City’s Past, Present & Future

2009 New Jersey Association of REALTORS® Leadership Team Installed

NJAR® Names REALTOR® and REALTOR-ASSOCIATE® of the Year

REALTORS® Recognized for Community Service

NJAR® Honors Long-term Commitment of its Members

**MEDIA ADVISORY** Economist Paul Bishop to Give Real Estate Trends Update at Triple Play REALTOR® Convention & Trade Expo

REALTORS® Collect Canned Goods for the Atlantic City Rescue Mission

Three Reasons New Jersey Home Buyers Can't Afford to Wait

NJAR® Releases Statement Regarding 3rd Quarter Home Sales Report

Triple Play REALTOR® Convention & Trade Expo Goes Green

New Jersey REALTORS® Take Their Message to Trenton

A Look at Mortgage Options in Today's Market

New Jersey REALTORS® Call on Lawmakers to Take More Steps to Stimulate the State's Housing Market

Robert Kennedy Jr. to Speak at Largest Annual Real Estate Event in the Region

NJAR® Statement on Legislative Reaction to Economic Crisis

NEW JERSEY REALTORS® AND BUILDERS HOST SEMINAR ON HOUSING AND ECONOMIC RECOVERY ACT OF 2008

Winners Announced in Annual NJAR® Fair Housing Poster Contest

New Jersey REALTORS® and Builders to Host Seminar on Federal Housing and Economic Recovery Act of 2008

NJAR® Stresses the Importance of REALTOR® and Consumer Safety

Registration for REALTOR® Convention Now Open

Home Buying and Selling 101: Steps New Jersey Residents Should Take to Make Sound Real Estate Decisions

Survey Reveals That REALTORS® Use Technology to Meet Client Needs

NJAR® Releases Statement Regarding 2nd Quarter Home Sales Report

New Jersey Residents Capitalize on Opportunities in Local Real Estate Markets

Get the REAL Story Public Education Campaign Ads Launched

MEDIA ADVISORY NEW JERSEY ASSOCIATION OF REALTORS® TO HOST WEBINAR ON HOUSING AND TAX ISSUES POLL

MEDIA ADVISORY Economist Paul Bishop to Give Real Estate Trends Update at Triple Play REALTOR® Convention & Trade Expo