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Harvard researchers predict increased home improvement spending

IARbuzz.com Blog - Thu, 07/16/2015 - 5:00pm
The recent rise in home sales and rising home prices across the country will probably lead to increases in home improvement spending, the Harvard Joint Center for Housing Studies (JCHS) announced Thursday. In the “Housing Perspectives” blog, Harvard JCHS Research … Continue reading →

RealtyTrac says foreclosures down 4 percent during first half of 2015

IARbuzz.com Blog - Thu, 07/16/2015 - 4:25pm
During the first six months of 2015, foreclosure filings in the United States were the lowest since 2006 and the number of foreclosures started was 4 percent less than the same period in 2014, RealtyTrac reported today. According to a … Continue reading →

Morning Minute: Homeowner equity is moving higher

IARbuzz.com Blog - Thu, 07/16/2015 - 10:57am
More U.S. homeowners are gaining positive equity in their homes as prices climb higher, according to research from the National Association of REALTORS® (NAR). Home equity has been steadily improving since the recession and the latest NAR Economists’ Outlook blog … Continue reading →

Broker post-license webinar less than 2 weeks away

IARbuzz.com Blog - Thu, 07/16/2015 - 8:30am
July 28 and 29 are the last scheduled dates until October for the Broker Post-license Applied Real Estate Practices 15-hour webinar, so don’t let your summer slip away, register today! If you are a broker who was licensed after Feb. 1, 2014, … Continue reading →

CoreLogic study shows delinquencies, foreclosures down

IARbuzz.com Blog - Wed, 07/15/2015 - 2:46pm
A nationwide report by CoreLogic indicates that in almost every state, fewer homeowners are more than 90 days behind on their mortgage payments or in foreclosure than they were in 2014, according to a story by Inman.com yesterday. In its … Continue reading →

REALTORS® providing housing aid for June tornado victims

IAR News - Tue, 07/14/2015 - 2:23pm
Date:  July 14, 2015 Intro: 

Illinois REALTORS® and their national colleagues are offering financial assistance to those in areas affected by the June 22 tornadoes in northern Illinois. 

FOR RELEASE: July 14, 2015

For Further Information Contact: Jon Broadbooks, 217-529-2600

REALTORS® providing housing aid for June tornado victims

SPRINGFIELD, Ill. — Illinois REALTORS® and their national colleagues are offering financial assistance to those in areas affected by the June 22 tornadoes in northern Illinois.

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D.R. Legal News: 6 things you need to know about TRID

IARbuzz.com Blog - Tue, 07/14/2015 - 10:30am
IAR members who are designated realtors® for their real estate office can check their email for the July issue of D.R. Legal News and the story about TRID, otherwise known as the new integrated disclosure rule. The latest proposal by … Continue reading →

REALTORS® can support Move for Hunger

IARbuzz.com Blog - Mon, 07/13/2015 - 11:27am
If you’re looking for a new way to strengthen your community involvement, ask your local REALTOR® association to consider a partnership with Move for Hunger. This nationwide, non-profit organization helps local food pantries get unopened, non-perishable food through cooperation of … Continue reading →

More than 2,500 answer Ad Tax Call for Action; have you?

IARbuzz.com Blog - Mon, 07/13/2015 - 10:23am
Illinois REALTORS® are answering a Call for Action urging Illinois policymakers to make sure a 10 percent sales tax on advertising and related services never gains traction. (Take part here). As of Monday morning, 2,531 IAR members have sent more than … Continue reading →

REALTORS® discuss real estate issues, economy with local government officials

IARbuzz.com Blog - Mon, 07/13/2015 - 9:18am
Country Club Hills Mayor James Ford, IAR Local GAD Tom Joseph and three members of the Government Affairs Committee for Mainstreet Organization of REALTORS® came together with a pair of other local government officials for a roundtable discussion about municipal … Continue reading →

Morning Minute: Mortgage rates fall lower this week

IARbuzz.com Blog - Fri, 07/10/2015 - 9:59am
Freddie Mac reported this week that fixed mortgage interest rates dipped this week amid global financial uncertainty. The 30-year, fixed-rate mortgage averaged 4.04 percent while the 15-year, fixed-rate mortgage averaged 3.20 percent. Both are lower than last week as well … Continue reading →

Krieter receives Rhino Award for work as association executive

IARbuzz.com Blog - Fri, 07/10/2015 - 9:05am
Pam Krieter, who leads the Mainstreet Organization of REALTORS® and has been a longtime association executive in the Chicago area, was honored with the 2015 Rhino Award by her peers at a ceremony in Itasca, Friday, July 10, 2015. The … Continue reading →

Here are nine take-aways from Hata’s association executives’ session

IARbuzz.com Blog - Thu, 07/09/2015 - 3:06pm
Nobu Hata, the director of digital engagement for the National Association of REALTORS® spoke to IAR’s association executives on Thursday, July 9, 2015. Here are nine take-aways from his presentation: 1. If you are afraid of technology in the real … Continue reading →

Groups asking CFPB to look past proposed Oct. 3 TRID deadline

IARbuzz.com Blog - Thu, 07/09/2015 - 2:10pm
The National Association of REALTORS® as well as mortgage and housing industry trade groups have asked the Consumer Financial Protection Bureau (CFPB) to consider a formal grace period or extend the deadline for enforcement of the TILA-RESPA Integrated Disclosure (TRID) … Continue reading →

Supreme Court ruling on Fair Housing highlights July D.R. Legal News

IARbuzz.com Blog - Thu, 07/09/2015 - 11:50am
Illinois REALTORS® could be affected by a U.S. Supreme Court case regarding Fair Housing, according to the July edition of D.R. Legal News for managing brokers. The IAR publication also includes: Explanations of six case studies, including one where a … Continue reading →

Association executives meet in Itasca for workshop

IARbuzz.com Blog - Thu, 07/09/2015 - 9:27am
  The Illinois Association of REALTORS® is holding a two-day workshop for local REALTOR® association executives this week in Itasca, Ill. The event began Thursday morning, July 9, 2015, at the Westin Northwest with a presentation on The Value Proposition … Continue reading →

IAR Call for Action issued to stop the advertising tax

IARbuzz.com Blog - Wed, 07/08/2015 - 1:12pm
The Illinois Association of REALTORS® issued on Wednesday, July 8, 2015, a Call for Action urging members to tell lawmakers a proposal on taxing advertising is a bad idea. IAR is part of a coalition of groups who are concerned … Continue reading →

LaHood, Mellon advance to September special election

IARbuzz.com Blog - Wed, 07/08/2015 - 12:32pm
Illinois Sen. Darin LaHood and Robert Mellon won the Republican and Democratic primaries, respectively Tuesday, and advanced to the Sept. 10 special election for the 18th Congressional District. The two are fighting for the right to replace former U.S. Rep. … Continue reading →

New Chicago aldermen meet with IAR and CAR

IARbuzz.com Blog - Wed, 07/08/2015 - 10:34am
New Chicago aldermen Brian Hopkins (2nd Ward), Greg Mitchell (7th Ward), Patrick Daley Thompson (11th Ward), Raymond Lopez (15th Ward), Derrick Curtis (18th Ward) and Anthony Napolitano (41st) met with members of the Illinois Association of REALTORS® Local Government Affairs … Continue reading →

Morning Minute: Rental costs climb higher in many U.S. cities

IARbuzz.com Blog - 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 →