Passaic County Board of REALTORS®
Views & News 
Friday, March 24, 2017


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Local Market Statistics- February Update

The start of the year ushered in a wave of good news about a hot stock market, 
higher wages and an active home sales environment. At the same time, housing 
prices have continued to rise, and the low inventory situation and affordability crunch has been particularly hard on first-time buyers struggling to get into the market. Nevertheless, buyer activity is easily outpacing seller activity in much of the country, culminating in relatively quick sales and low supply. Demand definitely remained strong this month!

Local Market Update

Monthly Market Indicators

More New Jersey Statistics

Related: Existing Home Sales Stumble in February

Wire Fraud - Protect Your Clients and Your Business 

Find out how you can protect yourself from this new fraud scheme.

PCBORs 25th Annual Charity Golf Outing at  
Black Bear to benefit OASIS 

Passaic County Board of Realtors® is proud to be hosting its 25th Annual Charity Golf Outing  at  Black Bear Golf Course, 138 Route 23 North, Franklin on Friday, June 2nd, 2017 to  benefit OASIS of Paterson.

This course was designed to satisfy golfers of every skill level, and rated "very good to excell
ent" by  Zagat, Black Bear is a recreational golfer's paradise. Black Bear opened in July of 1996 and has enjoyed tremendous popularity ever since. Boasting a 6,673-yard  layout co-designed by famed developer Jack Kurlander,

Black Bear offers you an inviting diversity of terrain, scenery, and shot selections.   

Appraiser Trend Study

In recent years, the National Association of REALTORS® has heard concerns regarding a perceived shortage in appraisers. NAR is also aware of reports of long turnaround times for a
ppraisals, higher  and/or rush fees in certain areas, and difficulty in bringing new appraisers into the profession. NAR seeks research to determine whether a shortage of appraisers exists and to what extent, as well as to further explore the other issues facing the appraisal profession.

Spring General Membership Meeting &

Affiliate Recognition Breakfast

April 28th at the Brownstone

Join us on Friday, April 28th for our Spring General Membership Meeting and Affiliate

Recognition Breakfast
at the Brownstone. 

Our keynote speaker will be Larissa Ortiz, Global Alliance President Liaison to the Dominican  Republic for the National Association of Realtors®.  Larissa will be discussing  the Global Alliances Market-to-Market Program which has resources that can help you develop business relationships with real estate markets around the world.

Register Here

The Opiate Epidemic-

"What Realtors Can Do" Seminar

The Montville Township Health Department is sponsoring a free 1-hour educational seminar entitled "The Opiate Epidemic - What Realtors Can Do" on March 28, 2017 from 2-3pm at the Montville Municipal Building at 195 Changebridge Road in Montville Township. Intentional misuse of prescription opiates often leads to heroin addiction, and open houses and home showings are often targets for those seeking to obtain these medications illegally. Brad Seabury, Chief Assistant Prosecutor of the Morris County Prosecutors Office will provide an overview of the epidemic in Morris County, and also instruct Realtors and their clients in how to properly secure medications in homes that are for sale. Geared towards Realtors and members of the public interested in putting their homes on the market, this seminar is also open to all those with an interest in drug prevention activities, including Municipal Alliances, Health Departments, Police Departments, Municipal Administrators, and elected officials. While there are no public health CEU's offered, free "Lock Bags" will be given to the first 25 attendees to arrive. There is no fee to attend, but they request attendees RSVP to the Montville Health Department at 973-331-3316.

PCBOR is working with the Passaic County Prosecutors office to bring a similar seminar to our Members at our Board office, date to be announced. 

NAR's Yun: This is How to Slow Rising Rates...

Build More Homes
The Federal Reserve has made two swift rate hikes in just four months and vows of more to come. But there's a way to slow the pace of interest-rate hikes: Build more homes, Lawrence Yun, the  chief economist for the National Association of REALTORS®, writes in his new column at 

Tech Talk- Facebook for Beginners

April 6th @ PCBOR

Join Absolute Home Mortgage on Thursday, April 6th (1:00-4:00 pm) for their Tech Talk Series, this session  will focus on Facebook for beginners.  A light lunch will be served.  Please only register if you can attend as our sponsor is purchasing lunch and needs an accurate count.  Thank you for your consideration for our sponsor!

A strong social media presence online can help real estate professionals attract more clients and keep up-to-date with the latest trends. 
According to NAR, 91% of Realtors are on social media and 51% of buyers

find their homes online. 

Register HERE



Neal Gordon, Financial Planner & Advisor

Complimentary Lunch and Learn for PCBOR® Members  
Thursday, March 30, 2017 · 11am-1pm @ PCBOR®
Join Neal Gordon of Creative Financial Strategies to discuss various aspects involved in successfully "running a business" as a Real Estate Professional such as managing, protecting and growing your wealth. Enjoyin
g the kind of  lifestyle and retirement that you work so hard for requires an understanding of the critical issues, making informed decisions and continually reviewing your results. 

This is a complimentary lunch and learn event for PCBOR Members, please register below. 

Should  you need to cancel please try to do so in advance, as the host purchases lunch

based on the number of attendees.  Thank you!

Register Here 
REALTOR® Content Resource from HouseLogic-

The Best FREE Way to Keep in Touch with Clients 

With the REALTOR® Content Resource, you have a great FREE benefit, it is a great source of content for your publications. Here, you can access marketing slicks, presentations, podcasts, and videos to help you in your business.    It's a great way to provide ready-to-go content to clients and customers and to help promote you and your business through HouseLogic, NAR's Consumer resource.

Share these Spring Cleaning Tips with your Clients

Connecting Down Payment Help to Renters

Many renters can afford monthly mortgage payments but they stay out of the market because of downpayment concerns. A live webcast on April 22 will tackle this issue by showing you how you  can quickly and easily connect renters to all the local downpayment assistance programs available.

Register HERE 

At Home With Diversity Certification

6 Core NJ CE Credits - $99. for PCBOR® Members 
Monday, April 10th @ PCBOR®  

While the At Home With Diversity® Course teaches you how to transact business in culturally competent ways, official At Home With Diversity® Certification  conveys to clients that you are a dynamic real estate professional with expertise that transcends cultural barriers.

  • Assess and understand attributes of diversity in local markets and

    their impact on the real estate industry
  • Build a business plan and selling strategy to successfully service all client profiles 
  • Understand basic competencies to earn the confidence of potential buyers and sellers, regardless of race, ethnicity, religion, gender, handicaps, familial status, or national origin.
New Jersey Realtors® Circle of Excellence & Distinguished Sales Honoree Event-

Final Opportunity to Register  

Join PCBOR® on Friday, April 7th for the New Jersey Realtors®

Circle of Excellence and Distinguished Sales Honoree Event

at the Venetian of  Garfield from 11am-2pm. 

, please register through your complimentary link previously sent, contact us

if there are any registration issues. 


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Passaic County Board of REALTORS | 204 Berdan Avenue | Wayne | NJ | 07470