NCJAR News
NCJAR proudly congratulates Jeffrey Jones and Carol Tangorra on achieving the prestigious REALTOR® Emeritus status, as recognized by the National Association of REALTORS®.
This honor celebrates more than 40 years of dedicated service, professionalism, and commitment to the real estate industry. Their remarkable careers stand as a testament to their integrity, leadership, and contributions to both clients and colleagues alike.
Please join us in applauding Jeffrey and Carol for this well-deserved recognition and milestone achievement.
For more questions or concerns, please contact us at
U.S. existing-home sales fell 2.7% from the previous month to a seasonally adjusted annual rate of 3.93 million, according to the National Association of REALTORS® (NAR). Sales were unchanged from one year earlier. Regionally, monthly sales declined in the Midwest, Northeast, and South but rose in the West. Year-over-year, sales decreased in the Northeast and West but increased in the South and Midwest.
- Single Family Closed Sales were down 0.1 percent to 1,861.
- Townhouse-Condo Closed Sales were up 11.5 percent to 456.
- Adult Communities Closed Sales were up 18.9 percent to 63.
Note: Consumer guides do not constitute any change in NAR policy. Real estate professionals must ensure they market properties consistent with relevant MLS rules and educate sellers on the choices available.
Buying a home—especially your first—comes with lots of new terms and financial details to learn. One term that often causes confusion is private mortgage insurance (PMI). Let’s break down what it is, why it matters, and how it could impact your homebuying journey.
What Is PMI?
PMI is an insurance policy that protects the lender (not the buyer) in case you default on your loan. If you’re buying with a conventional mortgage and putting down less than 20%, your lender will likely require PMI.
How Does PMI Work?
Your lender arranges the PMI as part of your conventional loan. It’s usually provided by a private mortgage insurance company, and you’ll most often pay the premium as part of your monthly mortgage payment.
Other payment options may include:
- A one-time lump sum at closing.
- A combination of an upfront fee plus smaller monthly payments.
Connect. Learn. Lead.
Thursday, September 25, 2025
10:00 AM – 2:30 PM
County College of Morris
$35 Per Person
Hosted by NCJAR & the Metropolitan Builders and Contractors Association of New Jersey
The Real Estate Summit 2025 is the premier event where real estate professionals, policy influencers, and industry leaders come together to explore the evolving forces shaping housing and development in New Jersey.
This dynamic one-day summit is designed to inspire, inform, and connect. Attendees will gain valuable insights into the economic outlook, legislative priorities, capital markets, and the trends that will define the future of real estate. Whether you’re a broker, builder, lender, or industry advocate, this is your opportunity to connect, learn, and lead alongside the brightest minds in the business.
