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Illinois home prices increase in July; Sales lower amid tight inventory

IAR News - Tue, 08/23/2016 - 3:20pm
Date:  August 24, 2016 Intro: 

Homes sold faster and prices were stronger in July, but lower inventory continues to act as a drag on the market. 

FOR RELEASE: Aug. 24, 2016

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

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Kinney serves as liaison to United Kingdom

IARbuzz.com Blog - Tue, 08/23/2016 - 1:00pm
During his term as the Illinois REALTORS® 2015 president, Jim Kinney and members of the Global Working Group started talking about a pilot program that could help members make international business connections, learn more about foreign cultures and position themselves … Continue reading →

Morning Minute: New-home sales take off in July

IARbuzz.com Blog - Tue, 08/23/2016 - 10:06am
U.S. new-home sales climbed 12.4 perecent in July and marked the highest pace since October 2007, Bloomberg reports this morning. The gains exceeded the projections of many economists. Read the Bloomberg article, “U.S. New Home Sales Unexpectedly Surge to Almost … Continue reading →

Ruggieri named president-elect for National Counselor of Exchangors

IARbuzz.com Blog - Tue, 08/23/2016 - 10:06am
REALTOR® Alex Ruggieri of Sperry Van Ness-Ramshaw Real Estate in Champaign has been appointed president-elect for the National Counselor of Exchangors (NCR) and will serve as the organization’s president in 2017. NCR is a national marketing group consisting of investment … Continue reading →

India’s real estate market presents a paradox

IARbuzz.com Blog - Tue, 08/23/2016 - 8:35am
The rapid growth of India’s commercial and residential real estate sectors, along with the phenomenal growth of the hospitality industry have created vast opportunities for international REALTORS® and investors. But a diverse market and the scope of bringing professional regulations, … Continue reading →

Illinois REALTORS® donates $10,000 for Louisiana flood relief

IARbuzz.com Blog - Tue, 08/23/2016 - 6:00am
Continuing a long tradition of helping out when disaster strikes, Illinois REALTORS® has donated $10,000 toward flood relief efforts in Louisiana. The floods spawned by a slow-moving storm this month killed at least 13 and reportedly damaged as many as … Continue reading →

Illinois REALTORS® meet with U.S. Rep. Roskam; discuss tax reform

IARbuzz.com Blog - Mon, 08/22/2016 - 5:39pm
This week Pat Callan, Broker/Owner of Realty Executives Premier in Wheaton and a NAR Federal Political Coordinator (FPC) met with U.S. Rep. Peter Roskam, R-Ill., on Monday to discuss issues important to the REALTOR® community. Given Rep. Roskam’s position on the … Continue reading →

Morning Minute: REALTORS® pushing for changes in security deposit penalties

IARbuzz.com Blog - Mon, 08/22/2016 - 11:03am
REALTORS® are working to protect Chicago landlords from getting hit with mandatory — and often excessive — penalties when minor errors are made in returning security deposits to tenants. Under the city’s current Resident Tenant Landlord Ordinance, a landlord who … Continue reading →

Hampton: ‘REALTORS® are at center of the community’

IARbuzz.com Blog - Mon, 08/22/2016 - 7:25am
Whether he’s mentoring at the Boys and Girls Club of Chicago, reading books to elementary school students or helping high school juniors and seniors prepare for future jobs, Chicago REALTOR® Maurice Hampton says he’s merely sharing the lessons his parents, … Continue reading →

2017 local associations kick off year with leadership training

IARbuzz.com Blog - Sun, 08/21/2016 - 1:58pm
The incoming class of local association leaders got a chance to network and learn about the year ahead as they gathered on Sunday in Chicago. Each year local association executives and their incoming presidents gather for a day of training in … Continue reading →

REALTORS® can learn about Conservation Foundation’s mission, programs Sept. 8

IARbuzz.com Blog - Sun, 08/21/2016 - 10:11am
Illinois REALTORS® with an interest in land conservation will have a chance to meet members of the Conservation Foundation at a free breakfast event hosted at The Inland Real Estate Group of Companies headquarters in Oak Brook. Join foundation trustee Dan … Continue reading →

West suburban REALTORS® to meet Monday with U.S. Rep. Roskam

IARbuzz.com Blog - Fri, 08/19/2016 - 4:11pm
U.S. Rep. Peter Roskam will host a roundtable discussion about issues in the local real estate market, starting at 10:30 a.m.  Monday (Aug. 22) at his office, 2700 International Drive in West Chicago. The discussion will be held in the … Continue reading →

Morning Minute: Test your knowledge of common house styles with this infographic

IARbuzz.com Blog - Fri, 08/19/2016 - 10:28am
You can probably easily identify the architectural details of the traditional ranch home, but how about the Neo-Classical design or Stick-Eastlake? Check out this infographic from PartSelect and Ghergich & Co. (via REALTOR® Magazine’s Daily Real Estate News). You’ll learn … Continue reading →

Drone questions answered for REALTORS® during webinar

IARbuzz.com Blog - Fri, 08/19/2016 - 8:47am
Is a remote pilot airman’s certificate required for the commercial use of drones in Illinois? Illinois REALTORS® who listened to this morning’s member-only Legal Webinar were told that the certificate is required, were given a definition for commercial use and … Continue reading →

Republicans rally during state fair week

IARbuzz.com Blog - Thu, 08/18/2016 - 3:41pm
On the eve of Governor’s Day at the 2016 Illinois State Fair, Republicans gathered at the Illinois REALTORS® headquarters in Springfield for a fundraiser. Illinois Governor Bruce Rauner spoke to members of his party during this informal gathering. It is … Continue reading →

Morning Minute: Moving this year? Your expenses could be deductible

IARbuzz.com Blog - Thu, 08/18/2016 - 11:32am
If you are moving this year because of a change in your job or business location, your moving expenses could be deductible, according to the Internal Revenue Service (IRS). Read the full tax tip, “Moving Expenses Can Be Deductible,” from … Continue reading →

32 ways Illinois REALTORS® make their communities better

IARbuzz.com Blog - Wed, 08/17/2016 - 1:00pm
They come from Dixon, Chicago, Belleville and many places in between. Some mentor teens at the local Boys and Girls Club, while others create attention-grabbing special events. Whether they are new to the business of real estate or experienced, they … Continue reading →

Morning Minute: First-time homebuyers pick up in June

IARbuzz.com Blog - Wed, 08/17/2016 - 10:07am
First-time buyers are back. In June, 33 percent of residential sales were to first-time buyers, an increase over the month before and a year ago, according to the National Association of REALTORS®. Read more. In other headlines: 6 Massive Mistakes … Continue reading →

REALTOR® contributes as Brighton village trustee, police commissioner

IARbuzz.com Blog - Tue, 08/16/2016 - 2:30pm
Chris Seniker may have won election as a Brighton village trustee in April 2015, but the residents who voted for him probably knew his name well before the election. That’s because Seniker had already made a name for himself as … Continue reading →

Morning Minute: How can rising prices affect your home equity?

IARbuzz.com Blog - Tue, 08/16/2016 - 10:59am
According to the Home Price Expectation Survey by Pulsenomics, you can expect about 3.5 percent increase in appreciation per year over the next five years. As explained in the KCM Blog, that means a home that sold for $250,000 earlier … Continue reading →