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The Voice of Illinois Real Estate
Updated: 9 hours 50 min ago

Watch your email for information on new member-customer benefit

Mon, 08/24/2015 - 1:31pm
Illinois REALTORS® should check their email inbox this afternoon for an offer that could give them an edge on the competition – a free annual subscription to real estate news from Inman. The email will come from the Illinois Association … Continue reading →

Morning Minute: NAR identifies six factors to watch in housing

Mon, 08/24/2015 - 10:48am
U.S. home sales and prices rose higher in July and the National Association of REALTORS® (NAR), highlights six factors affecting the housing market today including all-cash sales accounting for less of the market and still low housing inventory. Click here … Continue reading →

IAR members featured in NAR video on affordability

Mon, 08/24/2015 - 2:25am
  IAR members Loretta Alonzo and Maurice Hampton took part in a video project spearheaded by the Carnegie Group for the National Association of REALTORS® at the annual Midyear Meetings in Washington, D.C. in May. Now the Illinois REALTORS®’ comments … Continue reading →

Men need to be smart about safety too

Fri, 08/21/2015 - 3:20pm
Male REALTORS® need to follow some common sense rules when showing properties to clients or they could be robbed, injured or worse, says one real estate professional who almost became a victim himself. Check out Gene Lentz’s story in REALTOR® … Continue reading →

Are rebates in real estate deals legal? Here’s a guide from our legal team

Thu, 08/20/2015 - 4:30pm
  Real estate brokers can use rebates as a business strategy in most cases, but those they seek to attract should become clients or be a party to a transaction, said IAR’s Legal Hotline attorney in a webinar held Aug. … Continue reading →

See at a glance the July prices and sales in your Illinois county

Thu, 08/20/2015 - 1:55pm
Each month the Illinois Association of REALTORS® provides an update on the housing market. This month, check out the heat map above to see how July median prices are doing in your market. Click on a county to see more … Continue reading →

Infographic: Illinois home sales and prices head higher in July #IARMarketStats

Thu, 08/20/2015 - 8:40am
The strong summer housing market continued in July as home sales and median prices posted robust gains while the time it took to sell a home declined, according to the Illinois Association of REALTORS®. Read the news release.

Rauner keynotes Republican event held at IAR headquarters

Wed, 08/19/2015 - 11:20am
Illinois Gov. Bruce Rauner took time off from the State Fair on Tuesday to meet with the Republican supporters for a “Backyard Barbecue.” The event was held at IAR’s headquarters in Springfield, and was attended by nearly 200 people including … Continue reading →

Morning Minute: What’s a hot home feature in Illinois? Finished basements

Wed, 08/19/2015 - 10:51am
Homeowners in different states value different features in their homes. In North Carolina, front porches are a must-have while homeowners in Kansas place a high value on homes with wet bars. Realtor.com looked at single-family property listings in the 50 … Continue reading →

Morning Minute: Moving for work? You could qualify for moving expense tax deductions

Tue, 08/18/2015 - 11:25am
Moving because of your job? Then you may be able to deduct some of your moving expenses, according to a new Internal Revenue Service tax tip sheet 2015-20, “Moving Expense Deduction.”  You must meet three requirements: Your move must closely … Continue reading →

NAR REALTOR® Broker Summit: Wagner discusses 1031s and millennials

Tue, 08/18/2015 - 10:04am
Dan Wagner (left), president-elect of the Chicago Association of REALTORS® and board member of the Illinois Association of REALTORS®, participated in a panel discussion at the 2015 Realtor Broker Summit in Seattle, Wash., Monday. During the discussion, “New Rules: How … Continue reading →

Step up to Managing Broker status

Tue, 08/18/2015 - 7:00am
Do you have what it takes to be a Managing Broker? Then don’t miss the Applied Management and Supervision webinar Aug. 26-27. Veteran REALTOR® and CEO of the Decatur Association of REALTORS® Norm Willoughby will lead this interactive course.  Managing … Continue reading →

Chicago metro area enjoys second quarter price growth

Mon, 08/17/2015 - 4:05pm
The Chicago metro area was one of 12 metro areas in the United States to have an overall home price growth of 4 percent or more, as U.S. home prices in the second quarter increased 3.5 percent over the first … Continue reading →

Did you know that millennials love to work with real estate agents?

Mon, 08/17/2015 - 2:27pm
Of the 13 facts listed about millennials in an Inman story today, the fact that they enjoy working with real estate professionals to buy or sell their homes may be one of the most surprising you’ll see. Also known as … Continue reading →

Morning Minute: Homebuilder confidence heads higher in August

Mon, 08/17/2015 - 10:51am
U.S. homebuilders are feeling confident about the real estate market, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. In fact, builder sentiment has risen to its highest level in nearly a decade. Read today’s coverage … Continue reading →

Look behind the scenes during a Lynn Madison training video

Fri, 08/14/2015 - 3:29pm
REALTOR® Lynn Madison, a nationally known speaker and instructor, visited Springfield today to record a pre-license instructor development course for the IAR Licensing & Training Center. The pre-license instructor training will be added to the IAR Licensing and Training Center … Continue reading →

Blackhawks, IAR help Illinois Executive Mansion Association raise money

Fri, 08/14/2015 - 11:35am
More than 50 people gathered at Illinois Association of REALTORS® Headquarters Friday morning to help raise money for repairs to the Illinois Governor’s mansion, eat breakfast and have photos taken with Chicago Blackhawks Chairman Rocky Wirtz and the Stanley Cup. … Continue reading →

Morning Minute: Mortgage rates climb slightly higher on stronger jobs news

Fri, 08/14/2015 - 9:10am
Mortgage interest rates edged higher this week with the 30-year, fixed-rate averaging 3.94 percent and the 15-year, fixed-rate averaging 3.17 percent, according to the latest Freddie Mac report. Some of the economic factors at play include an additional 215,000 new … Continue reading →

Next Thursday’s IAR Legal Webinar to cover recurring topics concerning business practices and incentives

Thu, 08/13/2015 - 12:24pm
The legalities and concerns surrounding broker payment of compensation, incentives, referral fees, rebates and inducements will be among items discussed during the next IAR Legal Webinar, beginning at 9:30 a.m. Aug. 20. The legal team will also cover some recurring … Continue reading →

Morning Minute: Urban housing demand on the rise

Thu, 08/13/2015 - 9:09am
Housing demand is growing in many U.S. cities, according to a new home price report from Fitch Ratings. After years of stronger suburban and exurban housing growth, the report found an increasing demand from buyers looking to live in an … Continue reading →