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The Voice of Illinois Real Estate
Updated: 3 hours 33 min ago

Winthrop Harbor cuts development fees in effort to spur growth

Fri, 04/24/2015 - 1:14pm
Too often, local governments view development as a way to pad government coffers.  Property owners are forced to come up with significant dollars in impact fees, special service area taxes, frontage fees, linkage fees, and the like in order to … Continue reading →

Morning Minute: Mortgage rates move lower this week

Fri, 04/24/2015 - 11:04am
Freddie Mac reports that fixed mortgage rates moved lower with the 30-year, fixed-rate mortgage averaging 3.65 percent and the 15-year, fixed rate averaging 2.92 percent for the week ending April 23. Read the Freddie Mac news release. “Mortgage rates fell slightly … Continue reading →

Illinois REALTORS® two for two on targeted legislation; SB1380 dies

Thu, 04/23/2015 - 4:48pm
A controversial Senate bill which would have allowed municipalities to attach liens for nuisance code violations on non-offending properties died Thursday as lawmakers rushed to meet a key legislative deadline. In the first attempt to pass the the lien bill, … Continue reading →

$75,000 in REALTOR® funds in place to help tornado victims

Thu, 04/23/2015 - 3:54pm
The Illinois Association of REALTORS® has earmarked $50,000 to go toward relief efforts following tornadoes that swept through parts of Illinois April 9. A portion of that money will be matched by an NAR foundation to increase the available assistance … Continue reading →

IAR supports SB 1612 and HB 3693

Thu, 04/23/2015 - 3:18pm
In addition to one active Call for Action, the Illinois Association of REALTORS® is showing its support for one other House bill and one other Senate bill. Tomorrow is the last day these bills can be voted upon in their … Continue reading →

March Illinois housing data reports available in Spanish

Thu, 04/23/2015 - 11:50am
Illinois home sales and median prices saw strong double-digit gains in March. Statewide home sales were up 13.1 percent compared to March 2014 and the median price rose 11.5 percent. Share that information with Spanish-language housing data from the Illinois … Continue reading →

As sewer video bill dies, your call against property lien bill is needed, too!

Thu, 04/23/2015 - 9:34am
Thanks in part to the response of Illinois REALTORS® to the IAR Call for Action on House Bill 1376, Rep. Luis Arroyo’s mandatory sewer video inspection legislation will not likely be called for a vote this week! If so, the bill is dead this year … Continue reading →

Haven’t renewed? Keep calm and turn to IAR for managing broker license assistance

Thu, 04/23/2015 - 6:59am
Coming down to the wire on getting your managing broker’s license renewed? According to the state agency responsible for licensing managing brokers, there are many out there who have not filed the paperwork which is due April 30. IAR recommends … Continue reading →

Illinois home prices move closer to pre-recession levels

Wed, 04/22/2015 - 4:24pm
Illinois median home prices are nearly three-quarters of the way back to pre-recession levels when adjusted for inflation, according to a new forecast analysis from the University of Illinois Regional Economics Applications Laboratory (REAL). The latest REAL market forecast looked … Continue reading →

Illinois homeless veterans to get $675K in additional housing and support services

Wed, 04/22/2015 - 3:06pm
Homeless veterans in nine Illinois communities will receive more housing and support assistance as a result of actions taken by the U.S. Department of Housing and Urban Development (HUD) and the Department of Veterans Affairs, Sen. Dick Durbin said Monday. … Continue reading →

Longevity of Earth Day shows public interest in ‘green’

Wed, 04/22/2015 - 11:57am
Illinois REALTORS® know what’s good for the environment is good for business, so recognizing the 45th anniversary of Earth Day can help you connect with potential customers. Not only are consumers interested in recycling, preserving resources and reducing their “carbon … Continue reading →

5 file petitions to succeed Schock; July 7 primary

Wed, 04/22/2015 - 9:30am
A special primary election to fill the remaining term of Rep. Aaron Schock (R-18 District) who resigned at the end of March, has been slated for July 7. Monday was the filing deadline for candidates seeking the Republican and Democratic … Continue reading →

Thousands of REALTORS® tell lawmakers to stop bad bills

Tue, 04/21/2015 - 12:43pm
More than 6,000 responses have been sent to Illinois lawmakers as part of Calls for Action issued by the Illinois Association of REALTORS® during the 99th Illinois General Assembly. Last month IAR asked members to urge legislators to vote against … Continue reading →

Use ‘Fair Housing Focus’ flier from NAR

Tue, 04/21/2015 - 12:05pm
Show your support for diversity in neighborhoods, community leadership and public policies by using the NAR Fair Housing Focus flier. You can download the flier, or share it through Facebook, Twitter, Google+ and other social media, or you can print … Continue reading →

Renew your Managing Broker license in 5 steps

Tue, 04/21/2015 - 10:38am
Renewing your Managing Broker license with IDFPR is not difficult, but it does require some planning.  Do NOT wait until the last day to try to submit your renewal, as high volumes of traffic to the website may delay or … Continue reading →

Merrinette celebrates Broadview ‘unofficial’ election results and IAR support

Mon, 04/20/2015 - 5:30pm
Thanks to RPAC advocacy, IAR Government Affairs Director Jeff Merrinette says he is enjoying the ‘unofficial’ victories in the 2015 consolidated elections in Broadview, including four village trustees and a home rule referendum. Unofficial results released by the Cook County … Continue reading →

IAR’s Kinney plays role in AREAA Global + Luxury Summit

Mon, 04/20/2015 - 4:36pm
IAR President Jim Kinney attended the 2015 Asian Real Estate Association of America’s Global & Luxury Summit and shared his own expertise through in a panel discussion. The AREAA event began Sunday and continues through tomorrow at Trump International Towers … Continue reading →

Managing Brokers: IAR can help you renew your license as deadline looms

Mon, 04/20/2015 - 2:27pm
If you’re a Managing Broker and need to renew your license by April 30, visit the IAR 2015 Managing Broker License Renewal page for links to all the information you need. In fact, the page offers answers to 15 frequently asked … Continue reading →

Call for Action issued on property lien bill; learn how to stop this bad legislation

Mon, 04/20/2015 - 12:33pm
IAR has issued its second Call for Action for the 99th General Assembly, this time to stop a bill (SB1380) that would allow municipalities to attach a lien for nuisance code violations on non-offending properties. (Link to take action is … Continue reading →

IAR State Capitol Report urges your response to two Calls for Action

Mon, 04/20/2015 - 9:00am
With only five days left for legislators to consider bills in the Illinois Senate and House, last Friday’s IAR State Capitol Report asks REALTORS® to make their voices heard before votes are taken on several issues. This morning, a Call for … Continue reading →