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Will tax rates be changing where you live?

IARbuzz.com Blog - Tue, 12/23/2014 - 11:10am
With the start of each New Year, tax rates change, and in Illinois, REALTORS® will notice a change in the state income tax and some local sales tax rates. According to information from the Illinois Retail Merchants Association, starting Jan. … Continue reading →

Infographic: Illinois Housing at a Glance for November 2014 #IARMarketStats

IARbuzz.com Blog - Mon, 12/22/2014 - 4:00pm
The Illinois housing market saw November median prices rise 6.9 percent over previous-year levels while statewide home sales decreased 9.5 percent for the same period, according to the latest housing release from the Illinois Association of REALTORS®. Share a new … Continue reading →

Illinois median home prices increase 6.9 percent in November; Sales decline 9.5 percent

IAR News - Mon, 12/22/2014 - 2:35pm
Date:  December 22, 2014 Intro: 

The Illinois housing market saw November median prices rise 6.9 percent over previous-year levels while statewide home sales decreased 9.5 percent for the same period.

FOR RELEASE: December 22, 2014

For Further Information Contact: Stephanie Sievers, 217-529-2600

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REALTOR’s family and friends give back, too

IARbuzz.com Blog - Mon, 12/22/2014 - 10:48am
Chicago REALTOR® Erika Villegas read a recent IARbuzz story about REALTORS® and their local associations giving back to their communities, and she decided to share the story of her family and friends. Villegas, who works at ERA Mi Casa on … Continue reading →

Webinar Part II: 6 more reasons to listen in

IARbuzz.com Blog - Mon, 12/22/2014 - 9:45am
Following the discussion of medical marijuana at Thursday’s Legal Webinar, Betsy Urbance, IAR Legal Hotline Attorney, summarized six recent legal developments important to members, too. Urbance briefly discussed: A private mortgage insurance deduction The extension of Mortgage Debt Forgiveness Tax … Continue reading →

Morning Minute: Baby Boomers becoming a force in home buying and building

IARbuzz.com Blog - Fri, 12/19/2014 - 10:55am
Many are expecting Baby Boomers to be the next wave when it comes to housing demand and those in the housing industry are taking notice, Bloomberg News reports. Because of that some homebuilders are shifting their focus from starter homes … Continue reading →

Webinar: 16 facts you need to know about medical marijuana

IARbuzz.com Blog - Fri, 12/19/2014 - 9:14am
Understanding how medical marijuana laws affect properties where it is grown, sold and even used will be critical to Illinois REALTORS® as communities attempt to balance business interests, zoning, public health and state law. That was the underlying message to … Continue reading →

Have another holiday gift idea for clients?

IARbuzz.com Blog - Thu, 12/18/2014 - 12:22pm
Another tasty holiday gift idea for clients was submitted to IARbuzz by REALTOR® Peggy Brown, Managing Broker and Owner of Sevenoaks Realty in Batavia. Brown says, “I send clients who had a transaction in the current year a Christmas card with a … Continue reading →

Morning Minute: Mortgage rates fall to yearly low

IARbuzz.com Blog - Thu, 12/18/2014 - 10:32am
Good news for consumers looking to buy a home or refinance, Freddie Mac reports today that mortgage rates fell again this week to the lowest levels in 2014. A 30-year, fixed rate mortgage averaged 3.80 percent this week while the … Continue reading →

REALTOR® victory: Senate passes mortgage debt cancellation relief

IARbuzz.com Blog - Wed, 12/17/2014 - 7:25pm
According to a report by the National Association of REALTORS®, President Barack Obama is expected to sign into law a “tax-extender” bill that will provide mortgage debt cancellation relief. According to NAR: That step is possible because earlier this week, … Continue reading →

Early-bird rate for January Pro Standards Workshops ends today

IARbuzz.com Blog - Wed, 12/17/2014 - 2:28pm
Today’s the final day to register and pay only $60 for the Professional Standards Workshops on Jan. 13 and 14, in Springfield and Oakbrook Terrace, respectively. Register now! Fill out the form and return it by fax (217-529-0758) or email … Continue reading →

Infographic: What’s the Illinois Housing Market Look Like for 2015?

IARbuzz.com Blog - Wed, 12/17/2014 - 1:59pm
What’s ahead for the Illinois housing market next year? Economist Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory of the University of Illinois, takes a look in a new forecast for 2015.

Strong economy, business at the heart of Rauner’s plans

IARbuzz.com Blog - Tue, 12/16/2014 - 4:59pm
Illinois governor-elect Bruce Rauner addressed several hundred people Tuesday afternoon at a Springfield (Illinois) Better Government Association luncheon. Although Rauner didn’t provide detailed plans about how he’ll achieve success as the next Illinois governor, his remarks about improving the financial … Continue reading →

Lake Forest latest to liberalize Accessory Dwelling Unit use

IARbuzz.com Blog - Tue, 12/16/2014 - 1:42pm
The City of Lake Forest (Lake County) is the latest municipality to recognize the benefits of accessory dwelling units (ADUs), often referred to as granny flats, coach houses, in-law suites, garage apartments and cottages. Lake Forest is home to many … Continue reading →

Morning Minute: IAR’s Kinney among experts sharing industry predictions for 2015

IARbuzz.com Blog - Tue, 12/16/2014 - 10:44am
The latest issue of Chicago Agent Magazine asks local Chicago area real estate experts — including Illinois Association of REALTORS® President Jim Kinney — for their predictions for the housing market and economy in the article, “Local Experts’ Predictions for … Continue reading →

Wait until you see these 18 great gifts for REALTORS®

IARbuzz.com Blog - Tue, 12/16/2014 - 9:55am
When it comes choosing the perfect holiday gifts for REALTORS®, several IAR members shared ideas they would appreciate or their colleagues would like to receive. Some gifts can be expensive: Scottevest shirts, shorts, pants, jackets, hoodies, coats, cardigan sweaters and … Continue reading →

How does Haisler help local consumers understand real estate market?

IARbuzz.com Blog - Tue, 12/16/2014 - 8:23am
In Sunday’s Northwest Herald, the Account Executive for the Heartland REALTOR® Association, Jim Haisler, gave his analysis of his region’s housing market in the article “Haisler: What happened to the real estate market?” Haisler also has been active with the … Continue reading →

Remember medical marijuana Legal Webinar Thursday morning

IARbuzz.com Blog - Mon, 12/15/2014 - 3:40pm
If you haven’t done so already, mark your calendar for 9:30 a.m. Thursday so you can join Lisa Hartzler from Sorling Northrup Attorneys and Illinois Association of REALTORS® (IAR) Legal Hotline Attorney Betsy Urbance for a members-only discussion of the state’s medical … Continue reading →

Panel of economists discusses state’s economy with IAR

IARbuzz.com Blog - Mon, 12/15/2014 - 2:17pm
A panel of economists met with IAR’s CEO along with IAR Public Policy and Advocacy staff in Chicago to discuss economic shifts in the state and what they might mean for the real estate industry and the broader economy. The … Continue reading →

IAR hopes to make Christmas ‘wishes’ come true for mom and three kids

IARbuzz.com Blog - Mon, 12/15/2014 - 12:50pm
Staff members at Illinois Association of REALTORS® office in Springfield have once again partnered with a local social services agency – Contact Ministries – to provide a needy Springfield family with holiday presents. This year, staff members are shopping for … Continue reading →