Edison, NJ – May 30, 2012 – (RealEstateRama) — Reacting to the NATIONAL ASSOCIATION OF REALTORS®’ (NAR) 2012 First Quarter Metropolitan Area Home Prices report, New Jersey Association of REALTORS® (NJAR®) Chief Executive Officer Jarrod C. Grasso today issued the following statement:
“The home price data released today paired with the recent news of record-low mortgage rates reiterate that now is a great time to purchase a home. The current combination of high affordability, low interest rates and an extensive, diverse housing stock create the ideal environment for those in a position to buy.
For qualifying buyers this is a tremendous opportunity to get a piece of the American Dream. I am optimistic that soon enough we will see the recession period in our rearview mirror. It is up to today’s buyers and investors to take advantage of the current market opportunities and help build the Garden State’s road to recovery.”
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The New Jersey Association of REALTORS® is a non-profit organization serving the professional needs of approximately 42,000 REALTOR® and REALTOR-ASSOCIATE® members in the state. REALTOR® is a registered collective membership mark which may be used only by real estate professionals who subscribe to the REALTOR® organization’s strict Code of Ethics and are members of the national, state and local REALTOR® organizations. For more information, please visit www.njar.com.
Contact:
Lauren Castellano
Director of Communications
(732) 494-4709
LCastellano (at) njar (dot) com
