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The Voice of Illinois Real Estate
Updated: 2 min 36 sec ago

Everyone can learn from our Legal Hotline Top 5

Wed, 06/18/2014 - 1:33pm
During the first quarter, members contacted the Legal Hotline with a wide variety of questions, and a large number of issues could be grouped in five categories.  Here’s the Top 5 and a sample question from each category so you … Continue reading →

Morning Minute: Downtowns seeing a resurgence in residential and commercial interest

Wed, 06/18/2014 - 11:12am
After years of moving to the suburbs, more people are now looking to live in downtown urban areas and retailers and other commercial businesses are following in order to reach the growing residential segment, according to a recent REJournals article, … Continue reading →

Morning Minute: Chicago consumer credit default rate at lowest level since recession

Tue, 06/17/2014 - 9:48am
Fewer consumers in Chicago are defaulting on their credit, according to the latest S&P/Experian Consumer Credit Default Indices. In fact, the national credit default rate is now at an eight-year low. Of the five cities tracked for the indices, all … Continue reading →

IDFPR’s newly created Division of Real Estate web page goes live today

Mon, 06/16/2014 - 4:58pm
The web page for the Illinois Department of Financial and Professional Regulation’s (IDFPR) new Division of Real Estate went live today. You can access the web page at http://www.idfpr.com/RealEstate.  The new division was created by an executive order from Gov. Pat … Continue reading →

Leasing agent license renewal now available!

Mon, 06/16/2014 - 3:50pm
Leasing agent licensees in the State of Illinois are required to renew their license prior to July 31 and complete six hours of continuing education (CE).  Renewal period for the 2014 renewal is Aug. 1, 2012 through July 31, 2014. … Continue reading →

Morning Minute: Student loan debt sidelining some Chicago first-time homebuyers

Mon, 06/16/2014 - 10:35am
Student loan debt continues to be an issue for some college graduates who dream of buying a home but are juggling high post-college student debt. In the story, “Student loan debt hurdle for Chicago’s wanna-be homebuyers,” WBEZ radio talked to … Continue reading →

In Case You Missed It: Top IARbuzz blog posts from last week

Mon, 06/16/2014 - 9:54am
In case you missed it, here are three of the top IARbuzz blog posts from last week: Illinois REbarcamp coming to Itasca in August #rebcil - Reserve one of the hottest FREE tickets in the real estate education world today! The … Continue reading →

IAR Legal Webinar: What’s New After Session: BPOs, Condo Act and the New Division of Real Estate

Mon, 06/16/2014 - 9:30am
IAR’s Legal Services team will address new legislation and an executive order that came out of the Illinois General Assembly’s spring session and is of interest to the real estate industry. The event is Tuesday, June 24, 2014 at 9:30 … Continue reading →

Kankakee-area REALTORS® in the spotlight for Placemaking Micro-Grant project

Fri, 06/13/2014 - 4:08pm
The Kankakee-Iroquois-Ford Association of REALTORS® is featured in the latest REALTOR® Party News for its “placemaking” project to improve the Kankakee-area community by installing decorative park benches at the local farmers’ market. The association’s “Art of Sitting” project was the … Continue reading →

Illinois REbarcamp coming to Itasca in August #rebcil

Fri, 06/13/2014 - 11:08am
Reserve one of the hottest FREE tickets  in the real estate education world today! No structured program, no paid speakers… just fresh content, the latest digital trends, business and marketing tips and what’s happening now and next in the industry. … Continue reading →

Morning Minute: Chicago sees a drop in apartment foreclosures

Fri, 06/13/2014 - 10:32am
Fewer Chicago apartment buildings are falling into foreclosure, the Chicago Tribune reports today. Last year, there were 2,800 foreclosure cases filed against city apartment buildings, a 30 percent drop compared to the year before. But affordable housing advocates told the … Continue reading →

Morning Minute: REALTORS® optimistic about future home price trends

Thu, 06/12/2014 - 10:43am
REALTORS® are expecting the upward trend in home prices to continue over the next 12 months, according to the latest REALTORS® Confidence Index from the National Association of REALTORS® (NAR). Overall REALTORS® anticipate a median price increase of 4 percent. … Continue reading →

RASI REALTORS® meet with St. Clair County officials

Wed, 06/11/2014 - 2:04pm
The REALTOR® Association of Southwestern Illinois (RASI) hosted a meet and greet and Government Affairs Committee meeting today with St. Clair County officials. Attending the reception were St. Clair County Assessor Jennifer Gomric Minton, St. Clair County Associate Judge Heinz … Continue reading →

With interest rates down, mortgage applications climb 10 percent

Wed, 06/11/2014 - 11:32am
The number of mortgage applications jumped 10.3 percent for the week ending June 6, according to the Mortgage Bankers Association’s latest mortgage survey. The association’s Refinance Index shows that the number of applications to refinance a mortgage also grew 11 … Continue reading →

Aurora Habitat build slots going fast; get yours now

Wed, 06/11/2014 - 11:25am
More than 100 Illinois REALTORS® have committed to help build a Habitat for Humanity home in Aurora beginning July 7, 2014. The home is one of three being built in the state under the leadership of IAR President Phil Chiles. … Continue reading →

Morning Minute: FHFA seeking comments on mortgage guarantee fees

Tue, 06/10/2014 - 9:54am
The Federal Housing Finance Agency (FHFA) is looking for public feedback on how guarantee fees, or G-fees, charged to lenders on Freddie Mac and Fannie Mae mortgage loans are set and the impact raising those fees will have on consumer … Continue reading →

Schedule changes for Springfield Habitat build

Mon, 06/09/2014 - 4:12pm
  Dates for the remainder of the IAR Habitat for Humanity project in Springfield have changed as subcontractors work to finish their portions of the project. The new dates are: July 7-12 (Painting) July 14-18 (Flooring) July 28-30 (General cleanup) … Continue reading →

A win for commercial REALTORS® in Lake County

Mon, 06/09/2014 - 1:32pm
Municipalities are often searching for new, novel ways to generate revenue. Lately, some municipalities have toyed with the idea of a lease tax. In Lake County’s village of Bannockburn, officials were considering a lease tax on storage rental units. This … Continue reading →

Morning Minute: Stronger home sales and prices seen in Rockford

Mon, 06/09/2014 - 11:31am
The Rockford area housing market is heating up with the Rockford Area REALTORS® Association reporting that sales activity in May marked the third straight month that home sales were higher than a year ago, according to the Rockford Register Star … Continue reading →

In Case You Missed It: Top IARbuzz blog posts from last week

Mon, 06/09/2014 - 7:30am
In case you missed it, here are four of the top IARbuzz blog posts from last week: Top 4 victories REALTORS® accomplished in the spring legislative session –  IAR had a number of legislative victories this spring including: Broker Price … Continue reading →