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New home sales surge in May, hitting six-year high

IARbuzz.com Blog - Wed, 06/25/2014 - 12:08pm
Sales of new, single-family homes appeared to be picking up steam again in May, surging to a six-year high, according to the latest U.S. Commerce Department data. New- home sales were up 18.6 percent compared to April and 16.9 percent … Continue reading →

REALTOR® associations honored for work to protect Scott AFB

IARbuzz.com Blog - Wed, 06/25/2014 - 11:32am
  The Illinois Association of REALTORS, the REALTOR Association of Southwestern Illinois, and the Greater Gateway Association of REALTORS were recently recognized by the Leadership Council of Southwestern Illinois for their significant contribution to the “One Voice, United for Growth” … Continue reading →

Sneak peek of the July issue of Illinois REALTOR®

IARbuzz.com Blog - Tue, 06/24/2014 - 5:26pm
The July issue of Illinois REALTOR® will soon be arriving in your mailbox but you can get an early look at the publication in this digital extra.

Buscher, Mandis and Tenggren latest IAR RPAC Ambassadors

IARbuzz.com Blog - Tue, 06/24/2014 - 10:30am
Congratulations to these REALTORS® for becoming official RPAC Ambassadors for the 1,000 Points of Light campaign: ​Mike Buscher of the Real Estate Group in Springfield, ​Jan Mandis ​of Realty Central, Inc. in Carbondale and ​Christopher Tenggren of RE/MAX Great American … Continue reading →

Still time to sign in for today’s IAR Legal Webinar

IARbuzz.com Blog - Tue, 06/24/2014 - 9:15am
Join the IAR’s Legal Services team at 9:30 a.m. today for the IAR Legal Webinar, “What’s New with BPOs, the Condo Act and Illinois’ new Division of Real Estate.” This one-hour webinar is an IAR members-only benefit. Sign up now … Continue reading →

Video: May 2014 Home Sales Report for Illinois #IARMarketStats

IARbuzz.com Blog - Mon, 06/23/2014 - 11:56am
Sales dropped compared to May 2013, but median prices saw increases in the state according to the Illinois Association of REALTORS® monthly review of data. Watch a quick video on the state’s May housing numbers.

In Case You Missed It: Top IARbuzz blog posts from last week

IARbuzz.com Blog - Mon, 06/23/2014 - 7:30am
In case you missed it, here are four of the top IARbuzz blog posts from last week: IDFPR’s newly created Division of Real Estate web page goes live – Access the web page for the Illinois Department of Financial and … Continue reading →

Illinois median home prices up 8.3 percent from a year ago; Statewide home sales down 9.4 percent in May

IAR News - Fri, 06/20/2014 - 4:40pm
Date:  June 23, 2014 Intro: 

May Illinois home prices rose 8.3 percent and home sales decreased 9.4 percent compared to May 2013, while the trend continues of recent month-over-month sales gains, according to the Illinois Association of REALTORS®. 

FOR RELEASE: June 23, 2014

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

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East Peoria council eliminates sprinkler mandate for new residential construction

IARbuzz.com Blog - Fri, 06/20/2014 - 4:32pm
The East Peoria City Council voted Tuesday, June 17, 2014, to drop a fire sprinkler mandate from an update to its building codes. The council adopted much of the 2012 International Residential Code, but the portion mandating costly fire suppression … Continue reading →

IAR Legal Webinar: What’s New with BPOs, the Condo Act and Illinois’ new Division of Real Estate

IARbuzz.com Blog - Fri, 06/20/2014 - 10:15am
Illinois REALTORS®, there’s still time to register for Tuesday’s IAR Legal Webinar. IAR’s Legal Services team will address new legislation and an executive order that came out of the Illinois General Assembly’s spring session and is of interest to the … Continue reading →

Morning Minute: Do you have what it takes to be IHDA’s REALTOR® of the Month?

IARbuzz.com Blog - Fri, 06/20/2014 - 9:42am
The Illinois Housing Development Authority (IHDA) has a contest for Illinois REALTORS®! Answer the question below in 100 words or less and email it to IHDA at Communications@ihda.org before July 18 and you could be featured as IHDA’s “REALTOR® of … Continue reading →

Welcome Home Illinois helps 2,800 first-time home buyers in first two months

IARbuzz.com Blog - Thu, 06/19/2014 - 5:05pm
Illinois Gov. Pat Quinn announced today that 2,830 first-time home buyers in 85 counties have reserved more than $360 million in financing since the Welcome Home Illinois program was launched in April. The program – administered by the Illinois Housing … Continue reading →

Morning Minute: Chicago makes list of most walkable cities

IARbuzz.com Blog - Thu, 06/19/2014 - 9:49am
The more “walkable” a city is the better it is for the local economy and Chicago ranks No. 5 in terms of overall walkability, according to a new study by Smart Growth America, an organization that advocates for smart neighborhood … Continue reading →

Everyone can learn from our Legal Hotline Top 5

IARbuzz.com Blog - Wed, 06/18/2014 - 1:33pm
During the first quarter, members contacted the Legal Hotline with a wide variety of questions, and a large number of issues could be grouped in five categories.  Here’s the Top 5 and a sample question from each category so you … Continue reading →

Morning Minute: Downtowns seeing a resurgence in residential and commercial interest

IARbuzz.com Blog - Wed, 06/18/2014 - 11:12am
After years of moving to the suburbs, more people are now looking to live in downtown urban areas and retailers and other commercial businesses are following in order to reach the growing residential segment, according to a recent REJournals article, … Continue reading →

Morning Minute: Chicago consumer credit default rate at lowest level since recession

IARbuzz.com Blog - Tue, 06/17/2014 - 9:48am
Fewer consumers in Chicago are defaulting on their credit, according to the latest S&P/Experian Consumer Credit Default Indices. In fact, the national credit default rate is now at an eight-year low. Of the five cities tracked for the indices, all … Continue reading →

IDFPR’s newly created Division of Real Estate web page goes live today

IARbuzz.com Blog - Mon, 06/16/2014 - 4:58pm
The web page for the Illinois Department of Financial and Professional Regulation’s (IDFPR) new Division of Real Estate went live today. You can access the web page at http://www.idfpr.com/RealEstate.  The new division was created by an executive order from Gov. Pat … Continue reading →

Leasing agent license renewal now available!

IARbuzz.com Blog - Mon, 06/16/2014 - 3:50pm
Leasing agent licensees in the State of Illinois are required to renew their license prior to July 31 and complete six hours of continuing education (CE).  Renewal period for the 2014 renewal is Aug. 1, 2012 through July 31, 2014. … Continue reading →

Morning Minute: Student loan debt sidelining some Chicago first-time homebuyers

IARbuzz.com Blog - Mon, 06/16/2014 - 10:35am
Student loan debt continues to be an issue for some college graduates who dream of buying a home but are juggling high post-college student debt. In the story, “Student loan debt hurdle for Chicago’s wanna-be homebuyers,” WBEZ radio talked to … Continue reading →