NJAR® Press Releases

NJ REALTORS® Continue Dialogue to Help Boost Real Estate Market

Fri, 23 Jul 2010 17:00:17 -0400

(Edison, NJ)- In response to Governor Chris Christie’s veto of the New Jersey Home Buyer Tax Credit Program, A-1678, New Jersey Association of REALTORS® (NJAR®) Chief Executive Officer Jarrod C. Grasso, RCE, today issued the following statement:

"Recognizing the extreme economic difficulties New Jersey is currently facing, the New Jersey Association of REALTORS® understands the difficult decision encountered by Governor Christie. We were hopeful that this bill would inject life into the real estate market and provide a boost to the state's economy.

"We look forward to revisiting this issue or taking part in finding a workable solution to benefit New Jersey’s home buying and selling public. NJAR® will continue the dialogue with the Governor and state Legislators to find solutions to advance New Jersey’s real estate market. To start, other proposed initiatives that will aid current and prospective residents include an elimination of private transfer fees and legislation clarifying the Bulk Sales Act."

Tips for Staying Afloat and Avoiding the Underwater Mortgage

Wed, 21 Jul 2010 15:16:51 -0400

(Edison, NJ) Many New Jersey families are struggling to meet their monthly mortgage payments and reports indicate that New Jersey currently ranks 11th in the nation for foreclosure filings. Prolonged unemployment and other financial pressures are forcing many Garden State residents to take a close look at the balance of their mortgage and the value in their homes. These families are finding that they may owe more than their home is currently worth.

NJ REALTORS® Increase Technology Use to Thrive in Business

Thu, 15 Jul 2010 11:56:22 -0400

July 15, 2010 - New Jersey REALTORS® are adopting more technological approaches to the business, according to results from a survey commissioned by the New Jersey Association of REALTORS® (NJAR®).

NJ REALTORS®: Tax Cap Compromise is a Critical First Step to Addressing the Property Tax Crisis

Thu, 8 Jul 2010 12:18:32 -0400

July 8, 2010 - Today, Chief Executive Officer of the New Jersey Association of REALTORS® Jarrod C. Grasso praised Governor Chris Christie and the New Jersey Senate for their work on developing a cap aimed at controlling the yearly increase in property taxes. Over the Fourth of July weekend, Governor Christie and lawmakers in the Senate came to a property tax cap compromise.

New Database Connects Buyers and Sellers with REALTORS®

Wed, 16 Jun 2010 09:13:50 -0400

Finding a REALTOR® just became a lot easier. Today, the New Jersey Association of REALTORS® (NJAR®) unveiled a new search function that will allow consumers to locate and connect with REALTORS® across the Garden State to get professional assistance with all their real estate needs.

NJAR® Educational Foundation Awards Scholarships

Wed, 9 Jun 2010 09:36:43 -0400

June 9, 2010 - The New Jersey Association of REALTORS® Educational Foundation (NJAREF) yesterday afternoon awarded 37 students with a total of $53,500 in scholarships to use towards furthering their education. Scholarships this year ranged from $1,000 to $2,500 and were presented to recipients at The Pines Manor in Edison, N.J.

NJAR® Housing Opportunity Foundation and Partners Present Free Financial Seminar

Wed, 2 Jun 2010 12:37:34 -0400

The New Jersey Association of REALTORS® Housing Opportunity Foundation, Inc. (NJARHOF) is proud to announce its latest endeavor to educate and empower New Jersey's consumers. Through its Helping Hands Towards Homeownership program, NJARHOF will be partnering with the Somerset County Coalition on Affordable Housing (SCCOAH) and TD Bank to present a financial literacy workshop on June 9th and June 16th at the Hunterdon/Somerset Association of REALTORS®' office.

REALTOR® Association Looking for a Few Good Neighbors

Wed, 26 May 2010 09:21:56 -0400

May 26, 2010 - 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 actively devote their time and resources to community service activities.

NJAR® Governmental Research Foundation Releases Supplement to Migration Patterns Report

Tue, 18 May 2010 12:22:10 -0400

May 18, 2010 - The New Jersey Association of REALTORS® (NJAR®) Governmental Research Foundation (GRF) today released a report detailing the migration patterns of people moving in and out of New Jersey. The study, "Where Did They Come From and Where Are They Going? Migration Patterns and New Jersey Housing Markets 2007," is a supplement to a comprehensive report detailing the migration patterns of Garden State residents from 2001-2006.

NJAR® RELEASES STATEMENT REGARDING 1st QUARTER HOME SALES REPORT

Tue, 11 May 2010 10:13:38 -0400

Reacting to the NATIONAL ASSOCIATION OF REALTORS®' (NAR) 2010 First Quarter Metro Home Prices/State Resales report, New Jersey Association of REALTORS® (NJAR®) Chief Executive Officer Jarrod C. Grasso, RCE, today issued the following statement.

REALTOR® Association and Housing Foundation Present Free Programs to Benefit Public

Mon, 12 Apr 2010 15:46:20 -0400

The New Jersey Association of REALTORS® (NJAR®) is proud to announce various endeavors to educate and empower New Jersey's consumers. Through its Helping Hands Towards Homeownership program, the NJAR® Housing Opportunity Foundation, Inc. (NJARHOF) will be partnering with TD Bank and HOMEcorp to present a financial literacy series on April 13th and April 20th at the Montclair Library. The NJAR® Get the REAL Story® public education campaign is presenting a free webinar, or online seminar, on April 22nd to address common real estate questions.

REALTORS® Statewide Take Part in Nationwide Open House Weekend

Tue, 30 Mar 2010 10:13:57 -0400

March 30, 2010 - The spring home buying season is in full swing and so is spring cleaning as REALTORS® across the state prepare to showcase their inventory to prospective buyers during a nationwide Open House Weekend on April 10 and 11, 2010. The New Jersey Association of REALTORS® (NJAR®) is urging those who are considering buying a home to take advantage of this statewide opportunity before the federal tax credit extension expires on April 30, 2010.

REALTORS® Offer Tips on Buying a Shore Home

Thu, 18 Mar 2010 11:05:54 -0400

March 18, 2010 - Record-low mortgage interest rates and high affordability have combined to make the dream of owning a home near the New Jersey shore a reality for an ever growing number of families according to the New Jersey Association of REALTORS® (NJAR®).

NJ REALTORS® Support the Creation of a New Jersey Homebuyer Tax Credit Program

Thu, 4 Mar 2010 15:03:01 -0500

March 4, 2010 - Responding to the Senate Budget and Appropriations Committee hearing on legislation, S-692/A-1678, establishing a New Jersey Homebuyer Tax Credit Program under the New Jersey gross income tax for home purchases during calendar year 2010, New Jersey Association of REALTORS® (NJAR®) Chief Executive Officer Jarrod C. Grasso, RCE issued the following statement.