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Updated: 1 hour 52 min ago

Survey: Millennials look to family for co-signers, down payment

Fri, 08/07/2015 - 2:28pm
A recent survey by Endeavor America Loan Services showed 41 percent of millennials used co-borrowers to qualify for home loans and 20 percent needed financial assistance from family for down payments. Those are just a few of the findings given … Continue reading →

Local REALTOR® leaders head for state, national leadership training

Fri, 08/07/2015 - 7:30am
So that they can represent your interests well, local association officers will convene in Chicago Sunday through Tuesday for IAR and NAR Leadership Summits. The IAR training begins Sunday at the Embassy Suites Chicago Downtown Lakefront (511 N. Columbus Drive) … Continue reading →

7-minute NAR video can help protect you from disaster during closings

Thu, 08/06/2015 - 11:27am
Have you ever heard of a broker whose client’s money was stolen during a closing? In the NAR’s latest edition of “Window to the Law,” that’s just one of the real-life scenarios you can learn to protect yourself from. In … Continue reading →

More photos from IAR’s day with representatives of Ghana

Wed, 08/05/2015 - 2:54pm
Earlier this week, members of Parliament for the Republic of Ghana spent a day with Illinois REALTORS®, learning about the way we regulate and conduct real estate transactions. Check out the photos from the event, led by IAR member Vicky … Continue reading →

Advocacy goes global

Tue, 08/04/2015 - 2:56pm
This week the IAR leadership and staff participated in a education event for the Republic of Ghana, which sent representatives of its Parliament to learn how Illinois regulates and practices real estate. Hosted by IAR member, Vicky Sampah, a Ghanian, … Continue reading →

IHDA announces new home loan plan in 10 counties

Tue, 08/04/2015 - 12:17pm
Starting today, first-time home buyers, veterans and those who haven’t owned a home in three years can apply for a 30-year, fixed-rate mortgage through a program from the Illinois Housing Development Authority (IHDA) that includes $7,500 in cash assistance for … Continue reading →

Call for Action approaching target; take part now to stop patent trolls

Tue, 08/04/2015 - 9:23am
Illinois REALTORS® are joining colleagues across the nation in calling on Congress to address the issue of patent trolls. A national Call for Action was issued two weeks ago, and Illinois is closing in on a goal of having 20 … Continue reading →

REALTORS® participate in Chicago legislative symposium

Mon, 08/03/2015 - 12:03pm
The Chicago Association of REALTORS® (CAR) and the Dearborn REALTIST® Board co-hosted a Legislative Symposium for the City of Chicago’s City Council Black Caucus at U.S. Cellular Field (home of the Chicago White Sox) last week. Dearborn is keen to … Continue reading →

Morning Minute: Tips for turning your backyard into a summer oasis

Mon, 08/03/2015 - 10:42am
Want a place to unwind and enjoy the outdoors? Look no further than your own backyard with decorating and renovation ideas, “7 Ideas to Help You Use Your Outdoor Space More,” from HouseLogic. Read the article for a full list … Continue reading →

Difanis honored by Central Illinois Business Magazine

Fri, 07/31/2015 - 3:06pm
The Central Illinois Business Magazine and the News-Gazette of Champaign-Urbana have named Matt Difanis as the 2015 winner of the 40 Under 40 Man of the Year. Difanis is a partner with RE/MAX Realty Associates in Champaign, the 2016 treasurer-elect … Continue reading →

Harvard: New multifamily home construction not enough to help all rental demand

Fri, 07/31/2015 - 2:09pm
Even though new multifamily construction is helping meet the demand for rental properties across the United States, more work needs to be done to help disadvantaged households find affordable housing, says a recent blog post from the Harvard Joint Center … Continue reading →

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 →