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Morning Minute: First-time buyers returning to summer housing market

IARbuzz.com Blog - Wed, 06/24/2015 - 10:25am
The number of first-time homebuyers picked up in May and helped drive U.S. home sales higher for the month, the National Association of REALTORS® (NAR) reports. In fact, first-time buyers rose to 32 percent in May, marking the highest market … Continue reading →

Scenes from MREDpalooza #MP2015

IARbuzz.com Blog - Tue, 06/23/2015 - 2:15pm
It’s MREDpalooza at the Donald E. Stephens Convention Center in Rosemont today and the Illinois Association of REALTORS® (IAR) — one of the sponsors of the event — is there. IAR Transaction Helpline Attorney Jeffrey T. Baker is presenting the session, “No … Continue reading →

Could USDA Rural Development programs be right for your clients?

IARbuzz.com Blog - Tue, 06/23/2015 - 10:25am
On Monday, the Illinois Association of REALTORS® hosted an educational webinar by USDA Rural Development representatives that outlined details regarding the Single Family Guaranteed Loan Program and the Single Family Direct Home Loans Program. If you have clients who are … Continue reading →

Cover story: Get ready for TILA-RESPA Integrated Disclosure

IARbuzz.com Blog - Tue, 06/23/2015 - 8:30am
Be prepared for the changes coming to real estate transactions in Illinois and read the cover story of the July Illinois REALTOR®. The online version of the story “TILA-RESPA Integrated Discosure: Are you ready?” will help you better understand the … Continue reading →

Illinois home sales, prices climb higher in May #IARMarketStats

IARbuzz.com Blog - Mon, 06/22/2015 - 9:13am
The month of May brought strong home sales gains and higher median prices to the Illinois housing market, according to the Illinois Association of REALTORS®. Statewide home sales totaled 14,980, a year-over-year increase of 5.6 percent while the statewide median … Continue reading →

Still time for FREE registration at MREDpalooza

IARbuzz.com Blog - Mon, 06/22/2015 - 8:00am
Register now to get ideas, training and products that will help you serve your customers better. Block off your schedule to attend MREDpalooza Tuesday at the Donald E. Stephens Convention Center in Rosemont. Registration is free, and IAR is one … Continue reading →

Illinois home sales climb 5.6 percent; Median price up 8.7 percent in May

IAR News - Fri, 06/19/2015 - 3:37pm
Date:  June 19, 2015 Intro: 

The month of May brought strong home sales gains and higher median prices to the Illinois housing market.

FOR RELEASE: June 22, 2015

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

Illinois home sales climb 5.6 percent; Median price up 8.7 percent in May

SPRINGFIELD, Ill. — The month of May brought strong home sales gains and higher median prices to the Illinois housing market, according to the Illinois Association of REALTORS®.

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Do you love the digital version of Illinois REALTOR®?

IARbuzz.com Blog - Fri, 06/19/2015 - 2:30pm
Dive into the digital version of the July Illinois REALTOR® and check out this issue’s feature stories, columns and photos from the convenience of your tablet, laptop or desktop computer. You’ll see stories about: TILA-RESPA Integrated Disclosure; Hints for helping … Continue reading →

Free webinar Monday: Learn about USDA’s rural loan programs

IARbuzz.com Blog - Fri, 06/19/2015 - 12:03pm
Join representatives from the U.S. Department of Agriculture’s Rural Development program 10 a.m. Monday, June 22, 2015, to learn about opportunities for REALTORS® to help clients through the agency’s housing programs. You can register for the Free webinar here. This … Continue reading →

Village votes to allow first Sunday open houses in 40 years

IARbuzz.com Blog - Fri, 06/19/2015 - 8:16am
On July 5, REALTORS® and their customers in South Holland will make history when they conduct Sunday open houses in the village for the first time in more than 40 years, according to IAR Local Government Affairs Director Tom Joseph. … Continue reading →

CFPB proposes moving TRID deadline to Oct. 1

IARbuzz.com Blog - Thu, 06/18/2015 - 3:27pm
TILA-RESPA changes that may affect REALTORS® and customers buying homes may not occur until Oct. 1, according to an announcement by the Consumer Financial Protection Bureau (CFPB) Wednesday. CFPB Director Richard Cordray proposed the deadline for the TILA-RESPA Integrated Disclosure … Continue reading →

Congratulations 2015 REALTORS® of the Year!

IARbuzz.com Blog - Wed, 06/17/2015 - 11:37am
The Illinois Association of REALTORS® honored the Illinois REALTOR® of the Year Loretta Alonzo and this year’s 26 local REALTORS® of the Year at a ceremony Tuesday night at the Abraham Lincoln Presidential Museum in Springfield. See photo highlights of … Continue reading →

See who was at IAR’s June Business Meetings

IARbuzz.com Blog - Tue, 06/16/2015 - 4:15pm
See what your REALTOR® colleagues and friends were doing early Tuesday in this photo gallery from several sessions at the IAR June Business Meetings at the Hilton Springfield. Among the meetings covered in this gallery are: the Account Executives Meeting, … Continue reading →

DCEO touts work selling Illinois as place to live, invest

IARbuzz.com Blog - Tue, 06/16/2015 - 3:10pm
Illinois has much to offer the world. The challenge for the state is to make sure that the world knows more about Illinois, said Erik Brejla, head of strategic partnerships, Illinois Department of Commerce and Economic Opportunity. Brejla spoke to … Continue reading →

Photo Highlights from June YPN Networking Reception

IARbuzz.com Blog - Tue, 06/16/2015 - 9:38am
The Illinois Association of REALTORS® Young Professionals Network hosted a networking reception at Obed and Isaac’s in Springfield Monday evening.

RPAC Hall of Famers honored at special reception

IARbuzz.com Blog - Tue, 06/16/2015 - 8:27am
Illinois REALTORS® recently inducted into the REALTORS® Political Action Committee (RPAC) Hall of Fame were honored at a special reception at IAR Headquarters Monday evening. IAR leaders recognized the achievements of Hugh Rider, Michael D. Oldenettel, Doug Hartmann Sr., Joe … Continue reading →

Could affordable housing reduce health problems in homeless children?

IARbuzz.com Blog - Mon, 06/15/2015 - 5:11pm
A research brief released last week by the Center for Housing Policy – the research division of the National Housing Conference – asserts that reductions in homelessness could have positive impacts on the long-term health on affected children. The idea … Continue reading →

IAR June Business Meetings start today, end Wednesday

IARbuzz.com Blog - Mon, 06/15/2015 - 7:00am
IAR members attending the June Business Meetings in Springfield can get to the right places at the right times during the next few days by following the agenda below. Unless noted, most activities are at the Springfield Hilton. Activities begin … Continue reading →

Morning Minute: 2015 is shaping up to be a good year for housing

IARbuzz.com Blog - Fri, 06/12/2015 - 9:49am
This year could be one of the strongest for the U.S. residential real estate market since 2006, according to an economist with realtor.com®. A number of factors, from an improving jobs market to growing housing demand by potential homebuyers, has … Continue reading →

Morning Minute: Licensing landlords can drive up local rental costs

IARbuzz.com Blog - Thu, 06/11/2015 - 10:15am
Mandatory crime-free housing programs, especially those that include components such as licensing and inspections can result in increased housing costs, Sharon Gorrell, housing policy advisor for the Illinois Association of REALTORS®, told the Naperville Area Chamber of Commerce this week. … Continue reading →