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The Voice of Illinois Real Estate
Updated: 3 hours 11 min ago

Morning Minute: Six big housing challenges in 2016

Fri, 07/01/2016 - 9:54am
To keep U.S. housing moving in a positive direction during the second half of 2016 and beyond, Chicago Agent Magazine cites six obstacles to overcome. Citing a U.S. housing report by the Joint Center for Housing Studies of Harvard University, those … Continue reading →

July magazine: Since 1970, REEF helped 900+ Illinois REALTORS® learn

Thu, 06/30/2016 - 2:00pm
The Illinois Real Estate Educational Foundation (REEF) has facilitated more than 900 scholarships or grants in the last 45 years to Illinois REALTORS® and family members. The total value of those awards, according to an article in the July issue … Continue reading →

Leasing Agent License Renewal period ends July 31, 2016

Thu, 06/30/2016 - 9:43am
Leasing Agents must renew their licenses by July 31, 2016. The requirements for renewal include: completion of 6 hours of CE (relevant to leasing residential real property and covering recent changes in the Real Estate Licensing Act) payment of the $100 … Continue reading →

Morning Minute: Mortgage rates hit new lows for the year, Freddie Mac reports

Thu, 06/30/2016 - 9:26am
After the Brexit vote, fixed mortgage rates in the U.S. dropped to the lowest levels so far this year, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 3.48 percent this week while the 15-year, fixed-rate averaged 2.78 percent. Read … Continue reading →

IRRF accepting applications to help tornado victims

Thu, 06/30/2016 - 8:35am
The Illinois REALTORS® Relief Foundation is taking applications to assist those hard hit by a spate of tornados which swept through the state in June. The foundation, which is the charitable arm of Illinois REALTORS® provides assistance to disaster victims. … Continue reading →

Lawmakers return, but will there be a budget?

Wed, 06/29/2016 - 2:10pm
Numerous bills were focus of Illinois REALTORS® lobbyists in spring session  Illinois’ General Assembly will be back in Springfield for a session which begins today. As they return, Illinois REALTORS® Springfield lobbying team is ready to make sure that nothing … Continue reading →

Morning Minute: Brexit brings lower mortgage rates in U.S.

Wed, 06/29/2016 - 9:09am
One outcome of Britain’s vote to leave the European Union last week has been lower mortgage interest rates here in the U.S., realtor.com reports. In the blog post, “Thanks, Brexit! Well-Qualified U.S. Buyers Reap a Windfall,” realtor.com Chief  Economist Jonathan … Continue reading →

Illinois REALTORS® — Show us your flag and your spirit!

Tue, 06/28/2016 - 3:54pm
With Memorial Day and Flag Day already behind us, do you have any photos with the American flag like local Governmental Affairs Director Howard Handler and his daughter Eloise? Have you decorated your office red, white and blue or do … Continue reading →

Morning Minute: New low down payment program for Chicago homebuyers

Tue, 06/28/2016 - 10:12am
Qualifying Chicago homebuyers will be able to take advantage of a mortgage loan program with a 1 percent down payment being offered through a partnership of Guaranteed Rate, the city of Chicago and Chicago Infrastructure Trust. The Chicago Home Buyer … Continue reading →

NAR provides guidance on new HUD rule related to criminal history screening for rental applicants

Tue, 06/28/2016 - 8:45am
For a better understanding of the policies and procedures landlords can safely use to check the criminal history of housing applicants, the National Association of REALTORS® offers a list of recommended ideas based on information supplied by the U.S. Department … Continue reading →

Illinois REALTORS® learn about an important asset

Mon, 06/27/2016 - 2:38pm
Dennis Wilmsmeyer, the Executive Director of America’s Central Port, reminded a group of Illinois REALTORS® of the state’s benefits to domestic and foreign investors, including its status as a designated trade zone. Wilmsmeyer made his remarks to the Commercial and Industrial Committee … Continue reading →

More Illinois REALTORS® needed to answer condo Call For Action

Mon, 06/27/2016 - 1:39pm
Two weeks after the National Association of REALTORS® issued a Call For Action on H.R. 3700, several local Illinois associations have met their goals but more REALTORS® need to tell their Senators to vote for this important legislation. Taxpayers, homebuyers … Continue reading →

Morning Minute: Top reasons you shouldn’t go it alone when buying or selling a home

Mon, 06/27/2016 - 9:37am
Thinking about buying or selling a home this summer? A new article from Inman, “10 reasons you should never buy or sell without an agent,” outlines the many reasons why you will want to work with a real estate professional … Continue reading →

REALTORS® ride their own paths to defeat cancer

Mon, 06/27/2016 - 8:00am
Not all of the Chicagoland Riding REALTORS® have met, but as they ride their bicycles during the month of June, they are unified in their cause – to raise money for the Children’s Cancer Research Fund through Great Cycle Challenge … Continue reading →

RPAC goal-setting, recognition kicked off eventful week for REALTORS®

Sat, 06/25/2016 - 10:03am
With one eye on the future and another on their recent accomplishments, Illinois REALTORS® gathered in Springfield this week for the June Business Meetings. At the “Let’s Make Goal: RPIC + RPAC + REALTOR® Party” session, members discussed strategies to … Continue reading →

July edition of Illinois REALTOR® is on the way!

Fri, 06/24/2016 - 4:34pm
The July issue of Illinois REALTOR® should arrive in your mailbox this week, and with it will be photos and stories that celebrate the history of our support for professional development of our members. Photos of past events will take … Continue reading →

Morning Minute: Brexit and the impact on mortgage rates

Fri, 06/24/2016 - 9:57am
One impact from “Brexit” or Britain’s vote Thursday to leave the European Union could be a drop in mortgage rates in the U.S. as global financial markets react to the news, the Washington Post reports this morning in “How Brexit … Continue reading →

Morning Minute: May Illinois home sales and price gains making news

Thu, 06/23/2016 - 11:22am
The Illinois housing market was in full bloom in May with more homes selling than last year at this time and at a higher average state median price. In May, statewide home sales totaled 16,150 units sold, a 6.0 percent … Continue reading →

More photos from the 2016 REALTOR® of the Year Banquet

Thu, 06/23/2016 - 9:41am
The 35th Annual REALTOR® of the Year Banquet was held at the Abraham Lincoln Presidential Museum in Springfield, with REEF Vice President Sue Miller as Master of Ceremonies. In addition to recognizing Chris Read as REALTOR® of the Year, 25 … Continue reading →

Illinois REALTORS® board approves sponsoring roles at July political conventions

Wed, 06/22/2016 - 5:11pm
Illinois REALTORS will play a role in sponsoring events at the Republican and Democratic part conventions this summer. The association’s board of directors voted unanimously to approve expenditures for a reception for Illinois’ state and federal delegation at the Republican National … Continue reading →