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The Voice of Illinois Real Estate
Updated: 33 min 43 sec ago

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 →

Morning Minute: Buyer tips for improving the mortgage approval process

Fri, 06/06/2014 - 11:22am
Homebuyers can make the mortgage approval process move more smoothly by following a few quick tips before they ever apply for a home loan. REALTOR® Magazine’s daily news update highlights tips offered by the Independent Community Bankers of America including collecting all … Continue reading →

Illinois real estate instructors learn latest updates in IAR training workshop

Fri, 06/06/2014 - 11:02am
The IAR Licensing & Training Center offered a one-day Instructor Development Workshop today in Springfield and two local associations (via videoconference). The Illinois Association of REALTORS® (IAR) workshop was an opportunity for Illinois continuing education and pre-license instructors to learn … Continue reading →

New video features 4 key victories for REALTORS® in legislative session

Thu, 06/05/2014 - 1:14pm
IAR’s team of advocates, backed by 41,000 members, notched several key victories in the Spring Session of the Illinois General Assembly. Take a look at featured wins, and hear from IAR’s lobbyists who worked with members to make these victories … Continue reading →

Census Infographic: Why Do People Move?

Thu, 06/05/2014 - 11:45am
Wanting a new or better home, finding cheaper housing and moving closer to work are the top reasons people decide to move, but some categories have grown more important in recent decades, according to a new U.S. Census Bureau release. … Continue reading →

Morning Minute: Growing number of U.S. homeowners returning to positive equity

Thu, 06/05/2014 - 11:02am
The number of underwater homeowners is falling as home prices rise and more owners see positive equity in their homes, according CoreLogic’s latest report. HousingWire has the details in today’s article, “CoreLogic: 300,000 homes return to positive equity.” In other … Continue reading →

Meet the latest IAR RPAC Ambassadors

Wed, 06/04/2014 - 3:24pm
Congratulations to the newest Illinois REALTORS® to become RPAC Ambassadors for the 1,000 Points of Light campaign: Robert Dohn of Coldwell Banker Residential in Schaumburg, Casey Meyers of Berkshire Hathaway HomeService in Woodstock, and Piero Orsi of RE/MAX Showcase in … Continue reading →

Morning Minute: More Baby Boomers buying next home with cash

Wed, 06/04/2014 - 12:23pm
The number is non-investment home buyers purchasing with cash rose to record highs — 29 percent — in the first quarter of this year and Baby Boomers led the pack, according to the National Association of REALTORS®. Older home owners … Continue reading →

Top 4 victories REALTORS® accomplished in the spring legislative session

Mon, 06/02/2014 - 10:34am
The Illinois General Assembly’s 2014 Spring Session ended Saturday. The session provided several victories for IAR’s members, including: Broker Price Opinion Changes Would Be Protected in Statute Providing property pricing guidance is fundamental to the real estate business. IAR’s members … Continue reading →

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

Mon, 06/02/2014 - 8:39am
In case you missed it, here are four of the top IARbuzz blog posts from last week: At the bell: House, Senate pass BPO changes to state acts – In the final hours of the Illinois General Assembly’s 2014 Spring Session, … Continue reading →

At the bell: House, Senate pass BPO changes to state acts

Sat, 05/31/2014 - 8:59am
Amid the scramble to get legislation passed before the end of the Illinois General Assembly’s 2014 Spring Session, lawmakers approved changes to real estate-related acts that were important for REALTORS®. The changes regarding Broker Price Opinions (SB3044) were unanimously approved by 109 … Continue reading →

Fire marshal pledges to work collaboratively on fire safety issue

Fri, 05/30/2014 - 1:31pm
Illinois Fire Marshal Larry Matkaitis was to release a statement on Friday which seeks to defuse a battle over his efforts to force owners of older condo buildings to install costly fire sprinkler systems through an administrative rules process. According … Continue reading →

Morning Minute: Housing inventories rising in many U.S. markets

Fri, 05/30/2014 - 8:56am
Tight housing inventory has been an issue in the early 2014 market but realtor.com®’s latest National Housing Trend Report found that U.S. inventory rose more than 14 percent nationwide in April, NAR reports. Inventory levels varied, however, in different markets. … Continue reading →

Still time to register for IAR’s Instructor Development Workshop on June 6

Fri, 05/30/2014 - 8:10am
If you are an Illinois real estate instructor, you won’t want to miss out on the Instructor Development Workshop being offered on Friday, June 6, through the Illinois Association of REALTORS® (IAR) Licensing and Training Center. REGISTER NOW! The one-day … Continue reading →

Morning Minute: Midwest sees monthly gain in April pending home sales

Thu, 05/29/2014 - 11:01am
U.S. pending home sales rose slightly with a 0.4 percent increase in April 2014 compared to March, but the monthly gains were even higher in the Midwest region, which climbed 5.0 percent during the same period, according to the National … Continue reading →

Mainstreet Organization plans Habitat fundraiser, makes donation

Wed, 05/28/2014 - 1:26pm
The Mainstreet Organization of REALTORS® plans a June 25, 2014, fundraiser to benefit a Habitat for Humanity home being built in Aurora. MORe’s board also earmarked $7,500 to go toward construction of the home, which is one of three being … Continue reading →

Eight quick tips to improve communication with your real estate clients

Wed, 05/28/2014 - 1:26pm
Don’t let communication breakdowns get in the way of successfully interacting with your home buyers and sellers. The Illinois REALTOR® magazine article, “Keeping Your Clients in the Loop,” offers strategies for keeping the lines of communication open, but here are … Continue reading →

Freddie Mac’s pick for most affordable U.S. metro? Decatur, Illinois

Tue, 05/27/2014 - 3:12pm
Decatur, Illinois is the most affordable metro area in the entire country, according to Freddie Mac’s latest quarterly analysis of housing affordability. To make that determination, Freddie Mac compares median home prices, required monthly payments and the income available to … Continue reading →