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Blue Realty GMAC Reports Large Increase in Home Sales

Riverdale, NJ, August 06, 2008 --( Blue Realty GMAC, largest independently owned real estate brokerage in the New Jersey GMAC Real Estate network, announced that Homes Sales currently under contract and awaiting closing as of June 30, 2008, was up just over 50% is Dollar Volume while the actual number of homes in contract awaiting closing is up over 64%, compared to the same period last year.

According to Charles Blumenkehl, president of Blue Realty GMAC, “Throughout my 30+ years in Real Estate, I have always believed in the notion that God stopped making dirt a long time ago, but hasn’t stopped making people. In the short term, anything can happen, but in the long term, real estate only moves in one direction, up. Our increase in sales and marketing activity indicate to me a strengthening in the marketplace underlying our successful implementation of highly effective consumer-based features, strategies and services, designed to increase our local market share in the areas of our offices. We have seen the Affordability Index, the measuring stick for consumer homeownership affordability, reach its most attractive rates in many years, and the savvy consumers are taking advantage of the opportunities available while prices are leveled and interest rates are low.”

Blumenkehl continued, “I would recommend to anyone who can, to buy a home now, especially first time buyers. Rates are lower now than they were when I passed my real estate exam in 1976, and prices are at their most affordable level in years. We welcome the opportunity to assist consumers in exploring the outstanding real estate and mortgaging opportunities available to them at no cost or obligation.”

Blue Realty GMAC is no stranger to growth, even in the last few years. For 2007, Blue Realty GMAC was named #5 in the country in growth in sales volume and % increase over 2006 out of over 1300 offices nationally. Blue Realty GMAC was also named to the Rismedia Real Estate Companies to Watch in 2008 list in their 2008 Annual National Power Broker report. Established in 1983, the company offers a full service real estate experience to their clients, owning and operating 9 real estate offices, a mortgage company, title agency and insurance agency serving northern, central and western New Jersey, and is a member of the national GMAC Real Estate network.

For more information about Blue Realty GMAC, log onto the company website at or call the company’s local office in Riverdale, located at 5 Newark Pompton Turnpike, at (973) 835-1400.

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Blue Realty
Charles Blumenkehl

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