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The Voice of Illinois Real Estate
Updated: 2 hours 11 min ago

Illinois REALTORS® a sponsor for Springfield architectural tour

Wed, 05/04/2016 - 8:34am
Springfield has a lot of rich history, especially with its Lincoln connections. But there’s more than Lincoln to the city’s downtown, and a Thursday tour sponsored by Downtown Springfield Inc. and Illinois REALTORS® highlights the city’s architecture. Called the Upper Story … Continue reading →

Morning Minute: Millennial homebuyers and credit hurdles

Tue, 05/03/2016 - 10:53am
More Millennial consumers may be ready to move into homeownership, but tight credit continues to be a barrier for many, CNBC reports in “Millennials are moving, but mortgages don’t follow.” In other headlines: Gen X Home Ownership on the Rise … Continue reading →

Fate of disputed earnest money among topics covered in May DR Legal News

Mon, 05/02/2016 - 5:10pm
Six legal case studies, recent disciplinary actions by the Illinois Department of Financial and Professional Regulation (IDFPR) and an explanation of how the Unclaimed Property Act affects earnest money when transactions don’t close are just a few of the topics … Continue reading →

Three Rivers REALTORS® help Joliet residents with Housing Expo

Mon, 05/02/2016 - 4:48pm
In April, the Three Rivers Association of REALTORS® partnered with the City of Joliet and the Will County Center for Economic Development to conduct the City of Joliet Housing Expo. The event drew about 250 consumers and 40 vendors/community partners … Continue reading →

Oldenettel named to two state real estate panels

Mon, 05/02/2016 - 10:14am
Illinois REALTOR® Michael Oldenettel, CRS, GRI has been named to two real estate-governance panels, according to letters filed by Gov. Bruce Rauner’s office. Oldenettel, who served as Illinois REALTORS® president in 2013, was appointed to the Illinois Real Estate Administration … Continue reading →

Morning Minute: More homeowners expected to tackle bigger remodeling projects this year

Mon, 05/02/2016 - 10:13am
2016 could be a strong year for larger remodeling projects, according to a  new survey from the National Association of Home Builders (NAHB). Larger projects, such as whole house remodels and room additions, are expected to climb in 2016 to … Continue reading →

Up next: Managing Broker renewal

Mon, 05/02/2016 - 10:01am
Managing Broker licensees must successfully complete 24 hours of continuing education before April 30, 2017. Look for live classes and webinars for the BMCE course work at the end of 2016. www.illinoisrealtors.org/education 3 hours Core A 3 hours Core B 6 … Continue reading →

What Happens After the April 30 Broker License Renewal?

Mon, 05/02/2016 - 9:34am
Here’s a Q&A to share with your brokers, prepared by Carrie Elliot, Education Manager for the Illinois REALTORS® Licensing and Training Center. Can I still practice real estate as a Broker after April 30, 2016 if I have not completed all … Continue reading →

Zahn gives so girls learn their ‘voices count’

Mon, 05/02/2016 - 7:00am
When Angie Zahn began her search for local Girl Scout troop information in 1987, she embarked on a journey that continues to this day. Zahn discovered there wasn’t a troop leader in Trenton for her daughter and second-grade classmates, she … Continue reading →

What’s next for brokers who missed the license renewal deadline?

Sun, 05/01/2016 - 12:01am
Illinois brokers who failed to renew their real estate licenses, complete their renewal applications and pay their fees to the Illinois Department of Financial and Professional Regulation (IDFPR) by April 30 must contact IDFPR for direction. They cannot practice selling … Continue reading →

Illinois REALTORS® participate in NAREB regional member and Community Day events

Fri, 04/29/2016 - 5:13pm
The Illinois REALTORS® supported the Dearborn Realtist Chapter of the National Association of Real Estate Brokers (NAREB) at its 69th Annual Mid-Winter Regional Conference in Chicago last week. The three-day conference ended with a Community Expo titled, “Community Wealth Building … Continue reading →

Report: Cash buyers make up 36 percent of home sales in Chicagoland

Fri, 04/29/2016 - 2:08pm
Chicago-area buyers paid cash for homes more than a third of the time, and the data released this week shows they paid 39 percent less per square foot during the first quarter of the year. The findings are part of … Continue reading →

Morning Minute: NAR infographic takes closer look at housing market

Fri, 04/29/2016 - 11:19am
Read and share a new infographic from the National Association of REALTORS® (NAR), which takes a closer look at the U.S. housing market in March. A few takeaways: existing-home sales were up, pending home sales looked promising and properties averaged … Continue reading →

Deadline questions about broker renewal? Help Desk is open Saturday for questions

Fri, 04/29/2016 - 10:31am
Illinois REALTORS®’ Licensing and Training Center will have special Saturday hours to help Illinois brokers working to meet the April 30 deadline to renew their licenses. The Licensing and Training Center will staff its help desk from 9 a.m. to 2 … Continue reading →

Three Rivers donates $3,000 NAR grant to village for constructing ‘pocket’ parks

Thu, 04/28/2016 - 5:12pm
On April 26, the Three Rivers Association of REALTORS® presented a $3,000 check to the village of Diamond so that “pocket parks” could be constructed this summer, each with a handmade park bench constructed by a local Eagle Scout. The … Continue reading →

Flood bill passes U.S. House with unanimous vote

Thu, 04/28/2016 - 3:43pm
A bill which would provide flexibility for consumers to buy flood insurance from either a government-backed or private source received a 419-0 approval vote in the U.S. House on Thursday. Consumers have the option to obtain insurance through the National Flood Insurance … Continue reading →

Morning Minute: Freddie Mac sees positive signs for the housing market

Thu, 04/28/2016 - 9:52am
The U.S. housing market is improving and is “poised to have its best year in a decade,” says Freddie Mac Deputy Chief Economist Len Kiefer in the latest Multi-Indicator Market Index. Home purchases are trending higher while delinquencies are down, … Continue reading →

Morning Minute: Pending home sales head higher in March

Wed, 04/27/2016 - 11:24am
March pending home sales rose 1.4 percent compared to the month before and have experienced year-over-year gains for the last 19 consecutive months, according to the National Association of REALTORS® (NAR). The Pending Home Sales Index is NAR’s forward-looking indicator … Continue reading →

Here’s how to go to the Chicago Inman Connect event for free

Wed, 04/27/2016 - 9:45am
Inman Connect on the Road will be in Chicago on May 25, and as an Illinois REALTORS® member you can attend for free as part of a partnership between the association and MRED. That’s a $29 value! If you have … Continue reading →

CAR plans move to REALTOR® building in Chicago

Wed, 04/27/2016 - 9:16am
The Chicago Association of REALTORS® plans to move from its South Michigan Avenue location to the REALTOR® building by the end of the year. The announcement comes after months of discussions about whether to renew the lease at the association’s current 200 … Continue reading →