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The Voice of Illinois Real Estate
Updated: 4 hours 51 min ago

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 →

REALTORS® notice deadline for SB 1380 extended to July 31

Thu, 07/02/2015 - 3:56pm
For the second time in about a month, the Illinois House has extended the deadline for consideration of Senate Bill 1380. This time, the deadline is July 31. According to today’s IAR State Capitol Report, the bill amends two sections … Continue reading →

IAR office closed Friday for Independence Day

Thu, 07/02/2015 - 12:00pm
The Illinois Association of REALTORS® wishes you a safe and happy Independence Day holiday. The IAR office, IAR Legal Hotline and IAR Transaction Helpline will be closed Friday, July 3, in observance of the holiday. All will reopen on Monday, July 6. … Continue reading →

REALTORS® must spread word about $60K for housing assistance for June tornado victims

Thu, 07/02/2015 - 10:17am
The National Association of REALTORS® set aside $60,000 to provide mortgage and rent assistance to victims of June 22 tornadoes in northern Illinois through the NAR REALTORS® Relief Foundation. REALTORS® can help distribute applications locally so victims can apply for … Continue reading →

REEF announces 26 college scholarship winners

Tue, 06/30/2015 - 1:20pm
The not-for-profit Illinois Real Estate Educational Foundation (REEF) announced 26 winners of academic scholarships for the 2015-16 school year, worth a total of $28,000. Stacy Webber of Pesotum is the recipient of the 2015 Morgan L. Fitch Scholarship ($2,000), and … Continue reading →

CIPS course offered July 22

Tue, 06/30/2015 - 12:00pm
The Illinois Association of REALTORS® is proud to partner with the Mainstreet Organization of REALTORS® to offer the first course of the CIPS Designation series, Global Real Estate: Local Markets (6 hours CE Elective, RB7005-564001070) on July 22 in Downers Grove. The CIPS designation … Continue reading →

Today’s the day for associations to meet NAR core standards

Tue, 06/30/2015 - 11:05am
Today marks the deadline for a national effort to have local and state REALTOR® associations meet a set of standards for service to members. The NAR’s Organizational Alignment Core Standards outlines requirements that associations must meet, ranging from attention to … Continue reading →

Morning Minute: U.S. pending home sales at highest level in nine years, NAR says

Mon, 06/29/2015 - 9:53am
Pending home sales rose higher in May, according to the latest Pending Home Sales Index released today from the National Association of REALTORS® (NAR). Edging 0.9 percent higher than last month and 10.4 percent than a year ago, the pending … Continue reading →

Story can help you and your buyers avoid financial roadblocks

Mon, 06/29/2015 - 8:00am
Watch your mailbox for the July edition of Illinois REALTOR®, which includes a feature story about helping buyers avoid obstacles with mortgages. Look for the story titled “Helping Buyers Navigate the Mortgage Maze.” It’s one of several informative articles you’ll … Continue reading →

U.S. Supreme Court Rules on Texas ‘Disparate Impact’ Case

Fri, 06/26/2015 - 3:47pm
On June 25, 2015, the U.S. Supreme Court issued its opinion in the case entitled, Texas Department of Housing and Community Affairs et al. v. Inclusive Community Project, Inc., et al., examining the question of whether “disparate impact claims are … Continue reading →

IAR Takes Another Step into Global Realm

Fri, 06/26/2015 - 2:41pm
On behalf of Illinois Association of REALTORS® President Jim Kinney, IAR Global Working Group Staff Liaison Sharon Gorrell, participated in the June 26 ceremonial signing of a memorandum of understanding between IAR and La Asociacion Mexicana de Profesionales Inmobiliarios (AMPI) … Continue reading →

Morning Minute: Chicago makes list of housing markets with healthiest outlooks

Fri, 06/26/2015 - 11:41am
Chicago, Cincinnati and Cleveland are three major metros with the healthiest housing market outlooks, according to the latest Health of Housing Markets report from Nationwide Economics. The report determines housing market health by looking at employment, demographics, the mortgage market … Continue reading →

Illinois REALTOR® story offers 6 mortgage ideas to consider

Fri, 06/26/2015 - 8:00am
Check the July issue of Illinois REALTOR® to find six ways to help buyers get mortgage financing this summer. The story, “Show them the money: Mortgage options that could help your buyers get into homes,” could provide you with timely … Continue reading →

REALTORS® can listen to IAR’s TRID legal webinar

Thu, 06/25/2015 - 5:18pm
IAR members who log in and listen to the audio recording of today’s Legal Webinar “Are you ready for TRID?” will be better prepared to answer questions from clients in the coming weeks. Members can also view the PowerPoint presentation … Continue reading →

IAR, local associations ready to help latest Illinois tornado victims

Thu, 06/25/2015 - 4:08pm
While local REALTOR® associations work with community leaders to find the best ways to help this week’s tornado victims in communities like Coal City, Sublette and Mendota, IAR members and non-members can also contribute to the Illinois REALTORS® Relief Foundation … Continue reading →

Secrets of ‘No Error Transactions’

Thu, 06/25/2015 - 11:33am
IAR Legal Transactions Attorney Jeffrey T. Baker answered questions and coached REALTORS® on having “No Error Transactions” during his presentation at MREDPalooza on June 23, 2015 in Rosemont, Illinois. Here are some of the top take-aways and best practices from that … Continue reading →