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The Voice of Illinois Real Estate
Updated: 11 hours 33 min ago

Broker post-license webinar less than 2 weeks away

Thu, 07/16/2015 - 8:30am
July 28 and 29 are the last scheduled dates until October for the Broker Post-license Applied Real Estate Practices 15-hour webinar, so don’t let your summer slip away, register today! If you are a broker who was licensed after Feb. 1, 2014, … Continue reading →

CoreLogic study shows delinquencies, foreclosures down

Wed, 07/15/2015 - 2:46pm
A nationwide report by CoreLogic indicates that in almost every state, fewer homeowners are more than 90 days behind on their mortgage payments or in foreclosure than they were in 2014, according to a story by Inman.com yesterday. In its … Continue reading →

D.R. Legal News: 6 things you need to know about TRID

Tue, 07/14/2015 - 10:30am
IAR members who are designated realtors® for their real estate office can check their email for the July issue of D.R. Legal News and the story about TRID, otherwise known as the new integrated disclosure rule. The latest proposal by … Continue reading →

REALTORS® can support Move for Hunger

Mon, 07/13/2015 - 11:27am
If you’re looking for a new way to strengthen your community involvement, ask your local REALTOR® association to consider a partnership with Move for Hunger. This nationwide, non-profit organization helps local food pantries get unopened, non-perishable food through cooperation of … Continue reading →

More than 2,500 answer Ad Tax Call for Action; have you?

Mon, 07/13/2015 - 10:23am
Illinois REALTORS® are answering a Call for Action urging Illinois policymakers to make sure a 10 percent sales tax on advertising and related services never gains traction. (Take part here). As of Monday morning, 2,531 IAR members have sent more than … Continue reading →

REALTORS® discuss real estate issues, economy with local government officials

Mon, 07/13/2015 - 9:18am
Country Club Hills Mayor James Ford, IAR Local GAD Tom Joseph and three members of the Government Affairs Committee for Mainstreet Organization of REALTORS® came together with a pair of other local government officials for a roundtable discussion about municipal … Continue reading →

Morning Minute: Mortgage rates fall lower this week

Fri, 07/10/2015 - 9:59am
Freddie Mac reported this week that fixed mortgage interest rates dipped this week amid global financial uncertainty. The 30-year, fixed-rate mortgage averaged 4.04 percent while the 15-year, fixed-rate mortgage averaged 3.20 percent. Both are lower than last week as well … Continue reading →

Krieter receives Rhino Award for work as association executive

Fri, 07/10/2015 - 9:05am
Pam Krieter, who leads the Mainstreet Organization of REALTORS® and has been a longtime association executive in the Chicago area, was honored with the 2015 Rhino Award by her peers at a ceremony in Itasca, Friday, July 10, 2015. The … Continue reading →

Here are nine take-aways from Hata’s association executives’ session

Thu, 07/09/2015 - 3:06pm
Nobu Hata, the director of digital engagement for the National Association of REALTORS® spoke to IAR’s association executives on Thursday, July 9, 2015. Here are nine take-aways from his presentation: 1. If you are afraid of technology in the real … Continue reading →

Groups asking CFPB to look past proposed Oct. 3 TRID deadline

Thu, 07/09/2015 - 2:10pm
The National Association of REALTORS® as well as mortgage and housing industry trade groups have asked the Consumer Financial Protection Bureau (CFPB) to consider a formal grace period or extend the deadline for enforcement of the TILA-RESPA Integrated Disclosure (TRID) … Continue reading →

Supreme Court ruling on Fair Housing highlights July D.R. Legal News

Thu, 07/09/2015 - 11:50am
Illinois REALTORS® could be affected by a U.S. Supreme Court case regarding Fair Housing, according to the July edition of D.R. Legal News for managing brokers. The IAR publication also includes: Explanations of six case studies, including one where a … Continue reading →

Association executives meet in Itasca for workshop

Thu, 07/09/2015 - 9:27am
  The Illinois Association of REALTORS® is holding a two-day workshop for local REALTOR® association executives this week in Itasca, Ill. The event began Thursday morning, July 9, 2015, at the Westin Northwest with a presentation on The Value Proposition … Continue reading →

IAR Call for Action issued to stop the advertising tax

Wed, 07/08/2015 - 1:12pm
The Illinois Association of REALTORS® issued on Wednesday, July 8, 2015, a Call for Action urging members to tell lawmakers a proposal on taxing advertising is a bad idea. IAR is part of a coalition of groups who are concerned … Continue reading →

LaHood, Mellon advance to September special election

Wed, 07/08/2015 - 12:32pm
Illinois Sen. Darin LaHood and Robert Mellon won the Republican and Democratic primaries, respectively Tuesday, and advanced to the Sept. 10 special election for the 18th Congressional District. The two are fighting for the right to replace former U.S. Rep. … Continue reading →

New Chicago aldermen meet with IAR and CAR

Wed, 07/08/2015 - 10:34am
New Chicago aldermen Brian Hopkins (2nd Ward), Greg Mitchell (7th Ward), Patrick Daley Thompson (11th Ward), Raymond Lopez (15th Ward), Derrick Curtis (18th Ward) and Anthony Napolitano (41st) met with members of the Illinois Association of REALTORS® Local Government Affairs … Continue reading →

Morning Minute: Rental costs climb higher in many U.S. cities

Wed, 07/08/2015 - 10:00am
The cost of renting is rising in many areas, a boon for landlords and investment property owners, but not for apartment renters. During the second quarter of this year, average effective rents rose 3.6 percent, continuing recent upward trends, according … Continue reading →

CIPS designation could be one reason demand for course is high

Tue, 07/07/2015 - 3:13pm
With a July 17 deadline looming, less than 10 spots are available for REALTORS® to register for “Global Real Estate: Local Markets,” the six-hour CE elective (RB7005-564001070) scheduled for July 22 in Downers Grove. The prerequisite course for the CIPS … Continue reading →

Newspaper editorial: Ad tax is a bad idea, would hurt business

Tue, 07/07/2015 - 9:17am
REALTORS® and others who rely on advertising to get their message out should be wary of a proposal to tack as much as a 10 percent tax on advertising in Illinois. According to the Daily Herald editorial, there’s no other … Continue reading →

Yes, it is summer; but 18th District voters have an election

Mon, 07/06/2015 - 11:21am
REALTORS® can make a difference Tuesday in the 18th Congressional District as voters there will cast ballots in a special primary. The GOP primary features Darin LaHood, Mike Flynn and Donald Rients. On the Democratic side Rob Mellon and Adam … Continue reading →

Morning Minute: Chicago makes the grade when it comes to college towns where it pays to invest in rentals

Mon, 07/06/2015 - 10:23am
If you’re thinking about investing in rental properties that appeal to college students and new grads, then Chicago could be your kind of town. Chicago ranks No. 9 in a list of top 10 metropolitan college markets when it comes … Continue reading →