News & Events
NJ Division on Civil Rights Fair Chance in Housing Act (FCHA) Webinar
Today, nearly one-third of the adult working age population in the U.S. has a conviction record. Many of these people have been denied housing, though most pose no threat to their communities. New Jersey’s Fair Chance in Housing Act (FCHA) remedies this form of discrimination by establishing a fair process for consideration of conviction histories during the application process.
NCJAR'S Nominating Committee is seeking members who are interested in serving in a leadership position on the NCJAR’s Leadership Team. The annual nomination and election of Officers and Trustees for the North Central Jersey Association of Realtors® is intended to be an open process in which members may nominate themselves or fellow members.
Nominations must be submitted by June 30, 2022
The NCJAR Nominating Committee is responsible for reviewing all nominations to ensure candidates meet the qualifications of the position they have been nominated to serve, and may require interview of the nominees.
For questions regarding the nomination or election process, please contact NCJAR CEO, Mary Cano at 973-425-0110.
Register and attend Growing Your Brand on Monday, March 7th at 10am via Zoom with Adenah Bayoh - NJ Entrepreneur, Real Estate Developer. Adenah is a restaurant owner, a landlord and a developer - not to mention being a one-woman economic engine for the Township of Irvington.
Women’s History Month is a celebration of women’s contributions to history, culture and society and has been observed annually in the month of March in the United States since 1987. Women’s History Month 2022 will take place from Tuesday, March 1-Thursday, March 31, 2022.
An appraisal is supposed to be an Unbiased Professional Opinion of a Home's Value. However, recent reports and studies are indicating otherwise for a growing population of buyers and sellers. According to the recent National Fair Housing Alliance Report, “discriminatory bias continues to plague the appraisal industry”. The appraisal is one of the most important parts of the home buying process. Realtors must understand the past, present and the future of the appraisal process to be part of the change necessary to serve future markets. Watch the recording on Appraisal Webinar: Ensuring Fairness in Appraisals on Friday, February 18th at 10am on Zoom with local and national industry experts.
The National Association of REALTORS® and NCJAR want to express our deep concern for the people of Ukraine and all of our members affected by the ongoing violence in Eastern Europe. We keep our Ukrainian members and their loved ones in our thoughts as they battle so bravely to defend their homes and protect their families.
Are you wondering where to get started in global real estate or how to take your business to the next level? Have you taken other global real estate training and feel overwhelmed about what to do? Are you a seasoned practitioner and trying to gain clarity and focus in your business as it relates to global?
The 2022 real estate market begins where 2021 left off, in which existing home sales reached their highest level since 2006, with the National Association of REALTORS® reporting sales were up 8.5% compared to the previous year as homebuyers rushed to take advantage of historically low mortgage rates. Home sales would’ve been even greater were it not for soaring sales prices and a shortage of homes for sale in many markets, forcing a multitude of buyers to temporarily put their home purchase plans on hold.
- Single Family Closed Sales were down 14.5 percent to 1,723.
- Townhouse-Condo Closed Sales were down 1.3 percent to 462.
- Adult Communities Closed Sales were down 32.0 percent to 34.
- Single Family Median Sales Price increased 7.5 percent to $473,000.
- Townhouse-Condo Median Sales Price increased 5.3 percent to $305,000.
- Adult Communities Median Sales Price decreased 2.2 percent to $400,000.
For many buyers, 2022 marks a new opportunity to make their home purchase dreams a reality. But it won’t be without its challenges. Inventory of existing homes was at 910,000 at the start of the new year, the lowest level recorded since 1999, according to the National Association of REALTORS®, and competition remains fierce. Affordability continues to decline, as inflation, soaring sales prices, and surging mortgage interest rates reduce purchasing power. The sudden increase in rates and home prices means buyers are paying significantly more per month compared to this time last year, which may cause sales to slow as more buyers become priced out of the market.