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The Voice of Illinois Real Estate
Updated: 5 hours 15 min ago

Morning Minute: Is Illinois a dog state or cat state?

Fri, 07/31/2015 - 10:18am
Turns out The Prairie State is pretty evenly split between dog people and cat people. Realtor.com looked at American Veterinary Medical Association data to determine regional pet preferences and found that cats top the list in many northern states while dogs … Continue reading →

Morning Minute: Neighborhood walkability is important to many younger and first-time buyers

Thu, 07/30/2015 - 10:49am
How walkable is your neighborhood? If you are looking to buy or sell a property, the walkability — or close proximity to restaurants, shops and other amenities that are within easy walking distance — of the property can be a … Continue reading →

HUD action aims to improve integration and reduce segregation

Wed, 07/29/2015 - 4:18pm
A new regulation passed by the Department of Housing and Urban Development is designed to help communities better meet fair housing and equal opportunity obligations, according to a story by Inman.com. The Affirmatively Furthering Fair Housing rule was designed to … Continue reading →

IAR members blanket the map with responses on Ad Tax Call for Action

Wed, 07/29/2015 - 9:10am
Did you answer IAR’s Call for Action on stopping a proposed Ad Tax? More than 3,000 people participated in the Call for Action over the past month. Each person had the opportunity to send an email to his or her … Continue reading →

Morning Minute: U.S. home prices climbed in May, S&P/Case-Shiller reports

Tue, 07/28/2015 - 10:39am
Another housing index, this time the S&P/Case-Shiller Home Price Index, reports rising U.S. home prices this season. Home prices rose 4.9 percent in May compared to the same time last year, according to the index released today. The 20-city composite … Continue reading →

Why your real estate Facebook posts fail (and what you can do about it)

Tue, 07/28/2015 - 9:34am
Illinois REALTORS® can demonstrate their value to clients by effectively using social media, says an article on Inman.com. The article, “Why people are ignoring real estate agents on social media,” offers suggestions for real estate professionals to use – for … Continue reading →

Crain’s reports REALTOR® opposition to ad tax in Illinois

Mon, 07/27/2015 - 11:54am
Crain’s Chicago Business has a story about a coalition of business and trade groups – including IAR – mobilizing a fight against a proposed ad tax. Quoted in the article is IAR President Jim Kinney, who says IAR is supportive … Continue reading →

Morning Minute: Why this summer is a strong one for home sellers

Mon, 07/27/2015 - 10:02am
In a recent video, RealtyTrac Vice President Daren Blomquist outlined some of the reasons this year is a good one to sell including: stronger demand from buyers; less competition from other sellers, particularly those with distressed properties; and higher home … Continue reading →

Eliminating real estate like-kind exchanges would drive down transactions and property values

Fri, 07/24/2015 - 3:22pm
Any effort by Congress to repeal like-kind property exchanges, would have negative impacts on the real estate industry, according to a survey, “Like-Kind Exchanges: Real Estate Market Perspectives 2015,” from the National Association of REALTORS® (NAR). Like-kind exchanges under Internal … Continue reading →

Morning Minute: FHA loans gaining favor with more homebuyers

Fri, 07/24/2015 - 9:42am
The number of consumers using Federal Housing Administration (FHA) loans to buy a home was on the rise this spring. RealtyTrac’s June and Midyear 2015 U.S. Home Sales Report found that FHA buyers made up 23 percent of homebuyers in … Continue reading →

Morning Minute: Illinois June housing gains in the news

Thu, 07/23/2015 - 11:19am
The Illinois housing market sustained its strong momentum in June with 17,972 homes sold, a 12.5 percent jump in sales and an 8.5 percent increase in the statewide median price to $194,243, according to the latest release from the Illinois … Continue reading →

REALTORS® learn how to increase political involvement at IAR event

Tue, 07/21/2015 - 11:05am
  Nearly 100 Illinois REALTORS® were taking part in a full day of training on Tuesday, July 21, 2015, to help generate political involvement at the local association level. The REALTOR® Political Involvement Committee Strategic Planning Session at IAR’s Springfield … Continue reading →

Mark your calendar for Oct. 5 REbarcamp; it’s free

Tue, 07/21/2015 - 8:25am
They say the best things in life are free. When it comes to REbarcamp Illinois, we certainly think so! This half-day educational program is no ordinary event—you pay no registration fee, there are no paid speakers and there are no limits on what you … Continue reading →

DR Legal News: Commercial brokerage loses ‘slander of title’ countersuit

Mon, 07/20/2015 - 10:22am
In the July edition of D.R. Legal News, a commercial real estate brokerage firm lost a case in Michigan and more than $20,000 in litigation costs after refusing to release a broker’s lien. It’s just one of six case studies … Continue reading →

Harvard researchers predict increased home improvement spending

Thu, 07/16/2015 - 5:00pm
The recent rise in home sales and rising home prices across the country will probably lead to increases in home improvement spending, the Harvard Joint Center for Housing Studies (JCHS) announced Thursday. In the “Housing Perspectives” blog, Harvard JCHS Research … Continue reading →

RealtyTrac says foreclosures down 4 percent during first half of 2015

Thu, 07/16/2015 - 4:25pm
During the first six months of 2015, foreclosure filings in the United States were the lowest since 2006 and the number of foreclosures started was 4 percent less than the same period in 2014, RealtyTrac reported today. According to a … Continue reading →

Morning Minute: Homeowner equity is moving higher

Thu, 07/16/2015 - 10:57am
More U.S. homeowners are gaining positive equity in their homes as prices climb higher, according to research from the National Association of REALTORS® (NAR). Home equity has been steadily improving since the recession and the latest NAR Economists’ Outlook blog … Continue reading →

Broker post-license webinar less than 2 weeks away

Thu, 07/16/2015 - 8:30am
July 28 and 29 are the last scheduled dates until October for the Broker Post-license Applied Real Estate Practices 15-hour webinar, so don’t let your summer slip away, register today! If you are a broker who was licensed after Feb. 1, 2014, … Continue reading →

CoreLogic study shows delinquencies, foreclosures down

Wed, 07/15/2015 - 2:46pm
A nationwide report by CoreLogic indicates that in almost every state, fewer homeowners are more than 90 days behind on their mortgage payments or in foreclosure than they were in 2014, according to a story by Inman.com yesterday. In its … Continue reading →