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

IARbuzz.com Blog - Mon, 06/02/2014 - 8:39am
In case you missed it, here are four of the top IARbuzz blog posts from last week: At the bell: House, Senate pass BPO changes to state acts – In the final hours of the Illinois General Assembly’s 2014 Spring Session, … Continue reading →

At the bell: House, Senate pass BPO changes to state acts

IARbuzz.com Blog - Sat, 05/31/2014 - 8:59am
Amid the scramble to get legislation passed before the end of the Illinois General Assembly’s 2014 Spring Session, lawmakers approved changes to real estate-related acts that were important for REALTORS®. The changes regarding Broker Price Opinions (SB3044) were unanimously approved by 109 … Continue reading →

Fire marshal pledges to work collaboratively on fire safety issue

IARbuzz.com Blog - Fri, 05/30/2014 - 1:31pm
Illinois Fire Marshal Larry Matkaitis was to release a statement on Friday which seeks to defuse a battle over his efforts to force owners of older condo buildings to install costly fire sprinkler systems through an administrative rules process. According … Continue reading →

Morning Minute: Housing inventories rising in many U.S. markets

IARbuzz.com Blog - Fri, 05/30/2014 - 8:56am
Tight housing inventory has been an issue in the early 2014 market but realtor.com®’s latest National Housing Trend Report found that U.S. inventory rose more than 14 percent nationwide in April, NAR reports. Inventory levels varied, however, in different markets. … Continue reading →

Still time to register for IAR’s Instructor Development Workshop on June 6

IARbuzz.com Blog - Fri, 05/30/2014 - 8:10am
If you are an Illinois real estate instructor, you won’t want to miss out on the Instructor Development Workshop being offered on Friday, June 6, through the Illinois Association of REALTORS® (IAR) Licensing and Training Center. REGISTER NOW! The one-day … Continue reading →

Morning Minute: Midwest sees monthly gain in April pending home sales

IARbuzz.com Blog - Thu, 05/29/2014 - 11:01am
U.S. pending home sales rose slightly with a 0.4 percent increase in April 2014 compared to March, but the monthly gains were even higher in the Midwest region, which climbed 5.0 percent during the same period, according to the National … Continue reading →

Mainstreet Organization plans Habitat fundraiser, makes donation

IARbuzz.com Blog - Wed, 05/28/2014 - 1:26pm
The Mainstreet Organization of REALTORS® plans a June 25, 2014, fundraiser to benefit a Habitat for Humanity home being built in Aurora. MORe’s board also earmarked $7,500 to go toward construction of the home, which is one of three being … Continue reading →

Eight quick tips to improve communication with your real estate clients

IARbuzz.com Blog - Wed, 05/28/2014 - 1:26pm
Don’t let communication breakdowns get in the way of successfully interacting with your home buyers and sellers. The Illinois REALTOR® magazine article, “Keeping Your Clients in the Loop,” offers strategies for keeping the lines of communication open, but here are … Continue reading →

Freddie Mac’s pick for most affordable U.S. metro? Decatur, Illinois

IARbuzz.com Blog - Tue, 05/27/2014 - 3:12pm
Decatur, Illinois is the most affordable metro area in the entire country, according to Freddie Mac’s latest quarterly analysis of housing affordability. To make that determination, Freddie Mac compares median home prices, required monthly payments and the income available to … Continue reading →

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

IARbuzz.com Blog - Tue, 05/27/2014 - 9:13am
In case you missed it, here are three of the top IARbuzz blog posts from last week: Condo foreclosure bill passes in House; vote was 64-47-5 – Thank you Illinois REALTORS®! More than 2,000 IAR members contacted their lawmakers last … Continue reading →

Illinois Association of REALTORS® honors those who served and sacrificed this Memorial Day

IARbuzz.com Blog - Fri, 05/23/2014 - 12:22pm
In remembrance of those who have served and sacrificed for their country, the Illinois Association of REALTORS® will be closed Monday, May 26 in observance of Memorial Day.

Interested in becoming more involved in the Illinois Association of REALTORS®?

IARbuzz.com Blog - Fri, 05/23/2014 - 12:08pm
Today is the deadline to apply for a 2015 at-large position on the IAR Board of Directors. Click here to learn more about submitting your application form, resume and Statement of Real Estate Licensure or call 217-529-2600. Want to serve on an … Continue reading →

Morning Minute: Kids becoming a key factor in parent’s decision to buy or sell a home

IARbuzz.com Blog - Fri, 05/23/2014 - 11:08am
More of today’s parents are balancing their home-buying decisions on how it will affect their children, their activities and their overall well-being. A survey by Coldwell Banker Real Estate found that Millennial and Gen X parents place greater weight on … Continue reading →

One week in, Habitat house in Springfield is taking shape

IARbuzz.com Blog - Fri, 05/23/2014 - 11:04am
Volunteers are finishing up a busy week at the Springfield Habitat for Humanity home on East Enterprise Street. This week Illinois REALTORS®, with help from partners at Wells Fargo, have put up the walls, installed the roof trusses, roof deck … Continue reading →

Family to get REALTOR®-built Habitat home featured by Springfield TV station

IARbuzz.com Blog - Thu, 05/22/2014 - 12:55pm
The soon-to-be owner of a Habitat for Humanity home that is being built by the Illinois Association of REALTORS® was featured in a WICS Channel 20 Springfield segment on Wednesday, May 21, 2014. Rachel Creighton and her four children will … Continue reading →

Condo foreclosure bill passes in House; vote was 64-47-5

IARbuzz.com Blog - Thu, 05/22/2014 - 12:30pm
A condo foreclosure bill that had been the subject of a series of IAR member calls to action passed the Illinois House Thursday, May 22, 2014, and will now go to Gov. Pat Quinn. In all, more than 2,000 IAR … Continue reading →

Infographic: Illinois median home prices rose in April #IARMarketStats

IARbuzz.com Blog - Thu, 05/22/2014 - 9:29am
Illinois home prices continued an upward trend with April marking 20 consecutive months of year-over-year gains. Tighter inventory continued to affect home sales, which decreased 7.8 percent annually, according to the latest report from the Illinois Association of REALTORS®. IAR … Continue reading →

Video: April 2014 Illinois Housing Report #IARMarketStats

IARbuzz.com Blog - Thu, 05/22/2014 - 9:13am
The Illinois Association of REALTORS® reports housing inventories continued to be tight and median prices increased. Watch the latest IAR video on the Illinois housing market.

Illinois median home prices increase 7.6 percent in April, home sales decrease 7.8 percent amid tight inventories

IAR News - Wed, 05/21/2014 - 2:34pm
Date:  May 21, 2014 Intro: 

Illinois home sales decreased 7.8 percent over previous-year levels in April while median prices increased 7.6 percent, according to the Illinois Association of REALTORS®. 

FOR RELEASE: May 22, 2014

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

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Morning Minute: Commercial real estate market continues to rebound

IARbuzz.com Blog - Wed, 05/21/2014 - 12:03pm
U.S. commercial real estate continues to improve with steady gains in prices and transaction activity so far in 2014, according to an analysis from CoStar Commercial Repeat Sale Indices. Sales volume rose 33 percent annually in the first quarter of … Continue reading →