ROCKFORD (WREX) -
While cities across the country rebound from the recession, one study says don't expect the same from Rockford.
Rockford ranked 2nd for U.S. real estate markets unlikely to recover from the crash. The list available Here says Rockford has a high unemployment rate, and is showing negative growth. However, Rockford Area Realtors CEO Steve Bois says the report isn't c
A system for rating real estate agents is being tested by the National Association of Realtors, the trade association for realty pros and, at more than a million members, the largest trade group in the country.
Under the pilot program, clients of participating agents are being asked by a third-party vendor to complete a survey about their experiences in the transaction. Brokerage firms sign on to
Recently, Pulte Homes built a ghost subdivision in a Chicago suburb. No, that's not quite right: The builder actually constructed it within a cavernous suburban warehouse.
And it's not really a subdivision, of course. It's … well, it's hard to describe exactly what it is. Or was.
Basically, it was the latest incarnation of the company's ongoing experiment: walking focus groups of consumer
Illinois Association of REALTORS® President-Elect Phil Chiles administered the oath of office for the induction of officers to the Egyptian Board of REALTORS®. The new officers are, left to right: President Jan Mandis, President-Elect Ayn Bartok and Treasurer Marianne James. … Continue reading →
The IAR Licensing & Training Center will present two state-approved continuing education sessions for IAR Fall Conference attendees. The first will be held on Oct. 2 and features instructor Bruce Aydt and the new Core A CE course, “Fair Housing, … Continue reading →
“Housing Recovery Seems Still on Track,” was the recent headline in the New York Times. Rising mortgage rates and other economic factors aside, the country’s housing market continues to be a driving force in the ongoing economic recovery, due in … Continue reading →
By Jeanna Smialek - Sep 26, 2013 9:00 AM CT
Fewer Americans signed contracts in August to buy previously owned homes, a sign that rising mortgage rates may have slowed housing market momentum.
The index of pending home sales fell 1.6 percent, after a revised 1.4 percent decrease in July that was bigger than initially report
By NICK TIMIRAOS CONNECT
U.S. home prices rose by their fastest pace in more than seven years during July, according to an index released Tuesday, though more recent data suggest price gains could soon moderate.
Prices in 20 major U.S. cities increased 12.4% in July compared to the same month last year, according to the Standard & Poor's/Case-Shiller index.
By SHAILA DEWAN
Published: September 24, 2013
The housing market, one of the main drivers of the economic recovery, continues to gain strength despite the drag of rising mortgage rates and other economic headwinds, but some analysts are worried that it may slow in the months ahead.
Housing’s Rise and Fal
(BPT) - When the federal Home Affordable Refinance Program (HARP) launched in 2009, millions took advantage, but many other homeowners found they couldn’t qualify to refinance their underwater mortgages. Today, significant enhancements have made the program more accessible for homeowners and a great opportunity to lower payments or build equity faster.
If you owe as much or more on your home than
WASHINGTON (AP) â€" Americans stepped up purchases of new homes in August after cutting back in July, suggesting that higher mortgage rates are not yet slowing the housing recovery.
Sales of new homes increased 7.9 percent last month to a seasonally adjusted annual rate of 421,000, the Commerce Department said Wednesday. That comes after sales plunged 14.1 percent in July to a 390,000 annual rate.
Steve Volkodav, CEO of the North Shore-Barrington Association of REALTORS® will review apps that can help REALTORS® work more efficiently in his session, “App Swap,” at this year’s IAR Fall Conference & Expo, Oct. 1-3, in St. Charles at www.illinoisrealtor.org/fallconference.
September 25, 2013
FOR IMMEDIATE RELEASE
September 25, 2013
WHAT: Illinois Association of REALTORS® Fall Conference & Expo
WHEN: October 1-3, 2013
Your niche is the key to success say REALTORS® in the October Illinois REALTOR® cover story Finding Your Piece of the Market. Whether it’s a specific neighborhood, demographic or type of property, you have to be passionate about the market … Continue reading →
Your weekly safety tip from the National Association of REALTORS®: Always have prospective clients meet you at your office the first time. Ask them for identification. If they question you about it, say it’s company policy. (Find more safety tips … Continue reading →
Home prices rose strongly in July but the rate of increase may have peaked, a widely watched housing index shows.
July home prices were up 12.4% for the 12 months, the S&P Case-Shiller 20-city index shows.
Prices were also up 1.8% from June and, once again, every one of the 20 cities in the index posted gains on a monthly basis.
CONFIDENCE: Dips as job outlook dims
However, the monthly
By Mary Ellen Podmolik
Tribune staff reporter
10:16 a.m. CDT, September 24, 2013
July home prices across the nation continued to beat their monthly and year-ago comparisons but the rate of increase slowed, according to a widely watched barometer of the housing market.
The Chicago area led the nation in monthly gains, posting a 3.2 percent increase in prices in July, according to the S&P/Ca
Nearly 60,000 Chicago area homeowners who are underwater on their mortgages could be eligible to refinance to a more affordable rate through the Federal Housing Finance Agency’s (FHFA) Home Affordable Refinance Program, the Chicago Tribune reports. FHFA is trying to … Continue reading →
Over 130 movers and shakers in real estate have reserved their ticket for next week’s REbarcamp powered by the Illinois Young Professional’s Network (YPN). This event would not be possible without the support of our generous sponsors. Thank you! Cartavi, … Continue reading →
By Mary Ellen Podmolik, Chicago Tribune reporter
9:59 a.m. CDT, September 23, 2013
More than four years after the Federal Housing Finance Agency established a mortgage refinancing program, the effort has been losing steam.
Now the agency is looking for underwater but current borrowers, including almost 60,000 homeowners in the Chicago area, who are eligible to refinance their Fannie Mae and