NCJAR News
June is a month of vibrant celebrations, heartfelt recognition, and advocacy for the LGBTQ+ community. North Central Jersey Association of Realtors (NCJAR) is proud to join in commemorating Pride Month, highlighting our ongoing commitment to diversity, equity, and inclusion in the real estate industry.
Why We Celebrate Pride
Pride Month is not only a time for celebration but also a period for reflection on the strides we've made towards equality and the journey still ahead. It marks the anniversary of the Stonewall Riots, a pivotal event in the fight for LGBTQ+ rights. At NCJAR, we believe in the power of community and the strength that comes from diverse perspectives. We stand with our LGBTQ+ members, clients, and allies, promoting an environment of inclusivity.
NCJAR's Initiatives for Inclusivity
Throughout the year, and especially during Pride Month, NCJAR is actively involved in several initiatives aimed at supporting the LGBTQ+ community and fostering an inclusive atmosphere in the real estate market:
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Education and Training: We provide our members with resources and training on fair housing laws and best practices for serving LGBTQ+ clients. This includes understanding the unique challenges faced by this community in the housing market.
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Community Engagement: NCJAR participates in local Pride events and supports LGBTQ+ community centers. By engaging with the community, we aim to build strong, inclusive networks that empower everyone.
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Policy Advocacy: We advocate for policies that protect the rights of LGBTQ+ individuals in housing and real estate. This includes supporting statewide initiatives that aim to prevent discrimination based on sexual orientation or gender identity.
June marks National Homeownership Month, a time to spotlight the enduring value of owning a home. At North Central Jersey Association of Realtors (NCJAR), we are dedicated to enlightening our community about the substantial benefits of homeownership and committed to making this cherished dream a reality for every family.
Building Generational Wealth
Homeownership is more than just owning a property; it's a pathway to building generational wealth. Over time, homes generally appreciate in value, offering long-term financial security to families. The equity built in homes can serve as a foundation for future investments, education funding, or as a nest egg for retirement.
Strengthening Communities
When it comes to buying or selling a home, the process can often seem overwhelming. From navigating the complexities of market trends to understanding legalities and paperwork, the journey is filled with potential pitfalls. This is where a professional Realtor comes in, offering expertise, guidance, and support. Here’s why working with a Realtor from the North Central Jersey Association of Realtors (NCJAR) is invaluable for both buyers and sellers in the New Jersey real estate market.
U.S. existing-home sales recently fell from a one-year high, dropping 4.3% month- over-month to a seasonally adjusted annual rate of 4.19 million, according to the National Association of REALTORS® (NAR), as higher interest rates and rising sales prices continue to keep some prospective buyers on the sidelines. Average 30-year mortgage rates have topped 7% in recent weeks, while the median existing-home sales price hit $393,500 as of last measure, a 4.8% increase from the previous month, according to NAR.
- Single Family Closed Sales were up 6.7 percent to 1,331.
- Townhouse-Condo Closed Sales were up 14.2 percent to 362.
- Adult Communities Closed Sales remained flat at 47.
