News & Events
Government Affairs is a critical component of our Association. The local level is where most issues begin. We, along with our State and National Associations are able to help stop initiatives that would be harmful to real estate early on before they gain momentum through the assistance of an engaged membership.
Our local NCJAR Government Affairs / Advocacy Committee are a group of those engaged members. They have permitted us to share their names and contact information to have as a local resource for our Members. These committee members may be contacted to bring back important local information to this committee so we may stay on top of local real estate issues concerning Essex, Morris, Passaic and Union counties.
Please let us know if you become aware of local issues that need our attention and/or support. We have many tools and resources to ensure we can be at the forefront before issues become problems.
Utilize our committee, be informed, and engaged. Our goal is to maintain a healthy real estate environment for our Members, their customers and clients.
Although we may not be seeing as many sales occurring where buyers are making offers on properties that they haven’t physically toured, these types of transactions are still occurring. If you do find yourself working with a buyer who is making an offer “sight unseen”, here are some reminders to help you work through the transaction. It’s important for real estate licensees to know the risks in “sight unseen” sales that can lead to liability – and take steps to mitigate those risks.
Hoping this Easter Holiday brings, health, happiness and lots of love!
Mortgage interest rates ticked a bit higher in February, but remain below their February 2020 levels. Interest rates may rise a bit further in coming weeks, but according to Freddie Mac chief economist Sam Khater, “while there are multiple temporary factors driving up rates, the underlying economic fundamentals point to rates remaining in the low 3 percent range for the year.” With rates still at historically low levels, home sales are unlikely to be significantly impacted, though higher rates do impact affordability.
- Single Family Closed Sales were up 12.3 percent to 1,668.
- Townhouse-Condo Closed Sales were up 32.8 percent to 433.
- Adult Communities Closed Sales were down 12.1 percent to 29.
- Single Family Median Sales Price increased 21.3 percent to $430,000.
- Townhouse-Condo Median Sales Price increased 13.1 percent to $290,000.
- Adult Communities Median Sales Price increased 13.7 percent to $373,000.
Join NCJAR’s Global Council on Thursday, April 8 at 10am on Zoom for a FREE Webinar with Asociación de Agentes y Empresas Inmobiliarias De La Republica Dominicanan presented by Belkys Cuello and Sergio Llach.
Global Business Chat: Featuring Casa de Campo-Tourist Zone & Santo Domingo de Guzman
When & Where: Thursday, April 8, 2021 (10am-11am) on Zoom
You will learn:
- DR History & General Info
- Learn about the real estate market in DR regions of Casa de Campo tourist zone and
- Santo Domingo de Guzman
- The Buying Process and Business Opportunities in the DR
North Central Jersey Association of Realtors® Scholarship Program is to be available to high school seniors who will be attending an undergraduate four-year institution, students currently enrolled in undergraduate four-year institutions and students pursuing studies at an accredited one-year technical school or two-year community college.
For more information regarding The Scholarship Program please check the attached document below.
Multifamily market conditions are leading to investment opportunities in commercial real estate. In this 45 minute recorded webinar you’ll:
- Leverage RPR’s nationwide search capability to access Multifamily listings from our national partners and your local CIE, CMLS or MLS.
- Use Valuate to create a long term hold investment analysis incorporating your assumptions
- Compare multiple scenarios, such as how the returns will differ when no renovations are done versus heavy renovations.
Make sure you complete ALL of your NJ CE Requirements before April 30, 2021! You may check your CE credits by going to NJ Real Estate CE Tracking System.
The NJ REC requires that every individual licensed as a broker of record, broker-salesperson or salesperson must satisfy 12 CE Credits prior to 4/30/2021. At least 6 of the 12 credits must be obtained "core topics". The 6 core credits must include at least 2 credits in ethics and one credit in fair housing. The remaining 6 credits can be "electives" or "core"
If you have not fulfilled your NJ Continuing Education Requirements, get started today by registering online with NCJAR!
REALTORS® are community leaders – That’s Who We Are®. You shape and help build neighborhoods that thrive. By promoting diversity and inclusion you unlock access to opportunities that transform lives and boost business.
Rise up and Celebrate Fair Housing Month with NCJAR. Register and attend NCJAR’s Three FREE Fair Housing Sessions hosted by NCJAR's Diversity Committee!
As we stay home, REALTORS® can and must rise to the challenge. Fair Housing Month emphasizes education, reflection, and discussion—meaningful efforts we can still undertake while practicing social distancing. This year, NAR is presenting Fair Housing Month @ Home – curated lists of books, videos, podcasts and other resources for you to educate yourself throughout the month. Read, watch, listen, think, discuss – and strengthen your fair housing knowledge and leadership.
NCJAR 2021 President Jairo Rodriguez shares a short video message for NCJAR members about what’s happening in the industry. Please take a moment to watch this informative video.