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The Voice of Illinois Real Estate
Updated: 1 hour 39 min ago

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 →

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 →