Global Business Council Chair and Broker of RE/MAX Select Properties, Ali Memar said, “Our Council has learned that more than 10 local municipalities have a resident population demographic consisting of 20 percent or more Latino. This data along with a heightened awareness of their unique needs will assist our members to better serve local buyers and sellers”.
The towns of Fairview, Bogota, Ridgefield Park, Hackensack, Garfield and Lodi all have Hispanic resident populations exceeding 30 percent. The median age for these residents is 33 years old. The National Association of REALTORS® reported recently that ages 31-37 are prime for consumers to become first-time home buyers.
Special guests at this event celebrating Hispanic heritage month included Edward Cernuda Vice President of NAHREP’s Northern NJ Chapter and Tanya Reu Senior Vice President, Human Resources at Realogy Corporation. Michael Bovasso and Jade Stone of Continental Home Loans.
Laura Rubinfeld, EBCBOR CEO said, “The combination of economic and demographic trends presented by our experts indicated that the Hispanic community is a true force behind the revitalization of the housing market.” She continued, “Knowing many Hispanic consumers are seeking answers to their housing questions, our Association is committed to providing its members with access to the most accurate information; ensuring all local consumers, with the help of a REALTOR®, can achieve the dream of home ownership.”
The event culminated with over 65 REALTORS engaging in a vibrant evening networking reception sponsored by EBCBOR Affiliate Partners, Michael Bovasso and Jade Stone of Continental Home Loans.
The EBCBOR Global Business Council hosts quarterly events focusing on international real estate in addition to providing important news and updates affecting the global market through its website and social media pages. The Eastern Bergen County Board of REALTORS® (EBCBOR), chartered in 1923, is a not-for-profit trade organization that serves more than 3,000 REALTOR® members in Bergen County, N.J. EBCBOR is dedicated to enhancing the business opportunities of its membership by providing them with industry information, political advocacy and education opportunities. For more information, please visit www.bergenboard.com.