NCJAR News
Affordability constraints have continued to limit homebuying activity this summer, with existing-home sales falling 3.3% month-over-month nationwide as of last measure, according to the National Association of REALTORS® (NAR). Mortgage rates have approached 7% in recent months, leading many prospective buyers to put their home purchase plans temporarily on hold. But higher rates have also kept many existing homeowners from listing their homes for fear of giving up the low-rate mortgages they locked in a few years ago, when rates were significantly lower.
- Single Family Closed Sales were down 29.3 percent to 1,754.
- Townhouse-Condo Closed Sales were down 23.3 percent to 417.
- Adult Communities Closed Sales were down 15.0 percent to 51.
Hispanic Heritage Month, celebrated from September 15th to October 15th each year, is a time to honor the rich cultural heritage, achievements, and contributions of Hispanic and Latino communities in the United States. While this celebration encompasses various aspects of life, including art, music, and cuisine, it is essential to recognize the significant impact Hispanic Americans have made in various professional fields, including real estate. In North Central Jersey, the Hispanic community has played a pivotal role in shaping the real estate landscape. This article explores the connection between Hispanic Heritage Month and the North Central Jersey Association of Realtors, shedding light on the invaluable contributions of Hispanic real estate professionals to the region.
North Central Jersey Association of Realtors (NCJAR)
Before delving into the Hispanic influence on North Central Jersey's real estate market, it is crucial to introduce the North Central Jersey Association of Realtors (NCJAR). NCJAR is a professional organization representing real estate professionals throughout the North Central Jersey region. This association serves as a vital resource for real estate practitioners, providing educational opportunities, advocacy, and support for its members. NCJAR's commitment to diversity and inclusion makes it a relevant player in celebrating Hispanic Heritage Month.
The Hispanic Presence in North Central Jersey Real Estate
On September 8th NCJAR held its annual Realtor Community care day in West Orange. It was a heartwarming event that exemplified the spirit of community and philanthropy. This special day brought together a dedicated team of volunteers who generously donated their time and energy to make a positive impact on the local community.
The focus of the event was on providing much-needed exterior maintenance work to homes in the West Orange area. Volunteers rolled up their sleeves and engaged in various tasks, including deck painting, grass cutting, and gardening. These efforts not only improved the aesthetic appeal of the homes but also enhanced the overall quality of life for the residents.
Let’s give a warm welcome to NJCAR’s Newest Affiliate Member, Hal Benz, Founder/Business Coach, of Transformative Action Coaching and Consulting, LLC.
“Like most entrepreneurs, my career has evolved through numerous phases. Originally trained as a medical family therapist, I moved into the world of health care administration. While the business aspect of this role was exciting, I missed the interpersonal connection of clinical work. Real estate sales became the forum where I was able to build a career that was both business oriented and people intensive. Over the following decades, I learned first-hand just what it takes to succeed as an entrepreneur!"
Today, I bring over two decades of field-tested experience and high-level coaching skills to help real estate agents & small business owners create the business that they want and the lives they deserve. My coaching places a special emphasis on improving business performance and outcomes, while finding satisfaction in the entrepreneurial journey. Creating work-life integration that enhances family & interpersonal relationships is a common theme in my coaching.” - Hal Benz
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