YOUR JUNE MESSAGE FROM

LISA COMITO, 2024 GBR PRESIDENT

CLICK HERE FOR FULL MESSAGE

ASSOCIATION NEWS

GBR's 2024 Midyear Meeting & Affiliate Trade Show

Is Friday, June 14th!

With Special Keynote Speakers From The FBI!

Protecting You & Your Business From Fraud & Scams!

Join Greater Bergen REALTORS® on Friday, June 14th, 2024 for our annual Midyear Meeting & Trade Show.

Connect and catch up with real estate and industry professionals, hear the latest association updates from Greater Bergen REALTORS®, NJ Realtors®, and the National Association of REALTORS®. Learn how to protect clients, you and your business from real estate fraud and scams, courtesy of our keynote speakers from The Federal Bureau of Investigation (FBI).

June 14, 2024

Teaneck Marriott At Glenpointe

100 Frank W Burr Blvd, Teaneck, NJ 07666

9:00AM - 11:30AM

Join us at GBR Headquarters for the Health Expo 2024!

Plan your day and sign up for a time slot today!

We will be offering a variety of FREE health stations!

FREE wellness screenings
FREE American Heart Association CPR education
FREE HMH health team stations
Raffles and FREE giveaways, and more!

June 24, 2024

10:00AM - 2:00PM

FREE Members Only Event

In-Person | GBR Headquarters

The Diversity, Equity and Inclusion Committee & The Young Professionals Network Celebrate

Pride Month: Empowering LGBTQ+ Voices & Homeownership

*Your Ticket Includes Lunch & Supports NJ LGBTQ+ Organization, Garden State Equality!

Join the DEI Committee and YPN as we celebrate Pride Month!

Your ticket includes a panel discussion with keynote speakers from New Jersey LGBTQ+ organization, Garden State Equality, and Anywhere Real Estate Inc., and a delicious catered lunch! Learn about history in homeownership, the importance of DEI in your business, working with real estate clients in the LGBTQ+ community, resources, allyship, and so much more!

June 12, 2024

12:00PM - 2:00PM

$10 For Members | $20 Non-Members

In-Person | GBR Headquarters

*Your Ticket Includes Lunch AND Supports New Jersey LGBTQ+ Organization, Garden State Equality!

FREE FOR MEMBERS

LET'S TALK: NJ LEAD-BASED PAINT REGULATIONS

With Brendan Silberman

Thursday, June 27

In-person or Virtual, You Decide!

Discussion Topic. As a realtor, staying on top of the latest regulations can set you apart from the competition. Join us to learn about the latest NJ lead-based paint inspection requirements, so that you can help guide your clients in the right direction.

Course takeaways:

Why was this law passed?
Why is lead-based paint dangerous?
What properties does it pertain to?
What's the difference between Lead-Safe and Lead-Free certification?
How to qualify for an exemption?

June 12, 2024

11:30AM - 12:30PM

FREE For Members | $20 Non-Members

Hybrid | GBR Headquarters

Don't Miss Out! Sign Up Today!

GBR IS NOW ACCEPTING APPLICATIONS FOR THE 2025 BOARD OF DIRECTORS!

APPLY TODAY!

DEADLINE IS WEDNESDAY, JULY 3, 2024!

Elevate Your Career!

Share Your Talents With Peers!

Network With Industry Leaders!

Be Part Of Association Decision-Making!

JOIN THE 2025 GBR BOD TEAM. APPLY BY JULY 3, 2024!

CLICK HERE FOR BOD APPLICATION

2024 GBR REALTOR OF THE YEAR

Applications Are Now Open For

2024 GBR REALTOR OF THE YEAR!

Don't Be Shy. Nominate A Colleague

OR Yourself!

DEADLINE IS WEDNESDAY, JULY 3, 2024!

APPLY FOR REALTOR OF THE YEAR HERE!

COMMITTEE NEWS

HEALTH & WELLNESS

HEALTH, WELLNESS, SAFETY, COUNCIL JUNE TIP OF THE MONTH:

EMERGENCY PREPAREDNESS

VISIT THE HWSC

A New Career In Real Estate At A Discounted Rate!

At Greater Bergen REALTORS® Center For Professional Development we offer an array of pre-licensing classes for individuals with varying schedules. You can sign up today for our upcoming spring and summer classes starting on May 20, 2024. We offer evening or daytime classes virtually and in-person.

It's never too early and never too late to start your career in real estate!

STATE NEWS

New Jersey REALTORS® Announces Veterans Presidential Advisory Group. Apply Today!

To further serve active military and veterans in New Jersey, New Jersey Realtors® is establishing a Presidential Advisory Group to identify the needs of service members and provide support through the home buying process.

If you're an active military member, veteran, or passionate about this topic New Jersey Realtors® want YOU to apply.

Apply Here

NATIONAL NEWS

Pending Home Sales Slumped 7.7% in April

Pending home sales in April fell 7.7%, according to the National Association of REALTORS®. All four U.S. regions registered month-over-month and year-over-year decreases.

The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – decreased to 72.3 in April. Year over year, pending transactions were down 7.4%. An index of 100 is equal to the level of contract activity in 2001.

"The impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market," said NAR Chief Economist Lawrence Yun. "But the Federal Reserve's anticipated rate cut later this year should lead to better conditions, with improved affordability and more supply."

GLOBAL PERSPECTIVES

Global Real Estate Valued At $379.7 Trillion, Surpassing Combined Equities And Debt Markets

Global real estate, encompassing residential, commercial and agricultural lands, cemented its status as the world's largest repository of wealth in 2022 when the market reached a value of $379.7 trillion.

According to a report from international real estate adviser Savills, this value is more than global equities ($98.9 trillion) and debt securities ($129.8 trillion) combined and nearly four times the global gross domestic product ($100.6 trillion).

Although the value in 2022 declined by 2.8% from 2021 when it reached $390.5 trillion, real estate is worth 18.7% more than it was in 2019 before the COVID-19 pandemic. According to Savills, all asset classes experienced slower growth in 2022 compared to 2020-21.

TIPS FOR CONSUMERS/REALTORS®

Hot Tips for Home Buyers and Sellers Right Now

According to Kiplinger.com, real estate looks to be especially hopping this spring, thanks to pent-up demand and buyers adjusting to higher mortgage rates. Here’s how you can prepare.

The peak season for real estate sales typically hits its stride from April to June, and this year there’s more pent-up demand than usual. Even with mortgage rates dancing around the 7% mark, compared to two years ago when lenders offered 3% home loans, buyers tired of sitting on the sidelines and waiting for interest rates to settle are ready to make a move. At the same time, sellers used to 3.5% mortgages can afford to sit tight and wait to get their ideal price.

If you want to make a move this spring or summer, now is the time to sharpen your pencil. The combination of elevated mortgage rates, sky-high home prices and record-low housing supply are the thorns among the roses for home buyers this spring — and possibly for the foreseeable future. Hotter-than-expected inflation and robust payroll figures could prop up mortgage rates.

AFFILIATE SPOTLIGHT

Meet Affiliate Partner, Isolina Fernandez- Kirchner

Isolina has been with NJ Lenders Corp since 2001. During this time, she has established a well-deserved reputation with her customers and referral partners by helping them find the best programs to meet their individual needs.

Isolina is bilingual in Spanish and specializes in all types of mortgage financing including FHA loans, Non Warrantable condominiums, Police and Firemen loans.

Isolina is patient and efficient, as she strives to continue to provide the best service for her clients by making herself available 24/7 to answer questions. Her dedication to her clientele is apparent in the numerous Five Star nominations and positive reviews she has received across platforms such as Zillow, Google, Social Survey, and more.

Isolina is a proud wife and mother, and loves to volunteer wherever needed in her spare time.

Isolina Fernandez-Kirchner is licensed in the following states: New Jersey, New York, Pennsylvania, Connecticut, and Florida.