Share this newIAR infographicwith your new and move-up buyers on the long-term costs of waiting to buy as mortgage interest rates inch higher. The infographic shows that even a 1 percent difference in interest rates can mean thousands of dollars for a homeowner over the life of the loan.Download it and share it with consumers today.
Skylights, an online tool, enables Illinois REALTORS® to stay current on the local issues that impact their business and private property rights. Find at-a-glance maps showing where IAR's governmental affairs efforts are active and get updates on issues that affect you. Login with your NRDS ID | Lookup NRDS ID
Illinois home sales increased 19.8 percent in September to 13,018 homes sold, the strongest September in terms of sales since 2006, when 13,594 homes sold statewide, according to the IAR home sales report released . The statewide median price rose 12.9 percent. Said IAR President Phil Chiles: "The numbers reflect a strong end to the warm weather selling season, and provide good momentum into the final quarter of the year." IAR members can access county-by-county data, market talking points and the latest forecast by logging into Members Only IAR MarketStats. Nationally, home sales were down 1.9 percent month-to-month but remained 10.7 percent higher than a year ago, NAR reports.
The increased availability of jumbo loans is making it easier for Chicago homebuyers to finance higher-end homes and that is having positive effects on the overall market. IAR President-Elect Jim Kinney spoke to the Chicago Tribune and Chicago Association of REALTORS® President Matt Farrell wasinterviewed by HousingWire about the trend.
Qualifying Cook County homeowners who erroneously filed for a homestead exemption have until Read more on the IARbuzz blog.to take advantage of an amnesty period established under a new law that IAR fought to improve.
Illinois Attorney General Lisa Madigan recently announcedthat the five bank mortgage servicers involved in the national mortgage settlement will implement new procedures aimed at improving the modification process, which has been the source of consumer complaints.
Chicago ranked fourth when it comes to average flipping profits in the third quarter of 2013, according to RealtyTrac's latest Home Flipping Report.
With the government shutdown over, Illinois REALTORS® resumed their "Let's Talk Real Estate" events with U.S. Rep. Mike Quigley in Chicago on Oct. 18 and U.S. Rep. Brad Schneider in Wheeling Find highlights on the IARbuzz blog and stay tuned for upcoming and rescheduled events.. Discussions covered FHA loan limits, the Marketplace Fairness Act and the Mortgage Interest Deduction.
The Illinois General Assembly convenes this week for the fall legislative veto session. Watch for a new State Capitol Report for a wrap-up of the week's action. The final week of veto session is .
A huge thank you to all members who answered the call to invest in RPAC! As a result, Illinois increased its participation 122 percent from the previous year. In all, 8,766 members gave to RPAC at least at the fair share $20 amount — more than 1,000 new givers than last year. (Final numbers are still under review by NAR).
There's still time to register for the IAR Legal Webinar, "E&O Insurance...What is Covered...Or Not?" IAR Chief Legal Counsel Steve Bochenek and IAR Legal Hotline Attorney Betsy Urbance will discuss risk management, what is covered under a broker's errors and omissions insurance and what typically is not. The webinar begins at
GRI returns to Chicagoland this at the Westin Chicago Northwest. Register by for the early-bird rate. REALTOR® Michelle Sather, of Coldwell Banker Honig-Bell in Oswego shares why she attends GRI: " Class act speakers keep you entertained as well as educated. I'm always inspired after GRI and look forward to GRI Graduate classes once my designation has been completed."
By Q&A and checklist to help you get ready. This week's question:, Illinois Broker licensees must have completed the CE requirements and applied to renew their license through IDFPR. IAR's Licensing & Training Center has created a
If you missed last week's IAR Lunch and Learn Webinar with Greg Herder, you can get his tips for working smarter by downloading a recording of the one-hour webinar, "Strategic Thinking for REALTORS®." And be sure to register for the with Terry Murphy, "Everyday Agents with Easy-Low/No-Cost Marketing Ideas that Yield Extraordinary Results." webinar
Clean out weeds and leaves, turn on more light and add pumpkins, chrysanthemums and other seasonal decorations to help a property look its best this fall. Find these and other tips from NAR's Styled Staged & Sold blog and share it with your sellers to help them put a fresh face on their home's curb appeal.
IAR Legal Webinar - "E & O Insurance...What is Covered...Or Not?"