NJAR® Press Releases

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.