Market Stats and Research
NAR: Pending Home Sales Dip Slightly in December, Still Higher Than 2011
A tighter supply of housing inventory is impacting U.S. pending home sales which were down 4.3 percent in December compared to a month before but remained 6.9 percent higher than a year ago, according to the latest Pending Home Sales Index from NAR. Despite the smaller inventory in some areas of the country, NAR Chief Economist Lawrence Yun said pent-up demand from buyers and affordable market conditions are good signs and he expects home sales to increase by 9 percent this year.
Industry News & Trends
John Vranas Named 2013 Illinois ROTY
Congratulations to John Vranas, chosen as the 2013 Illinois REALTOR® of the Year! Vranas is the owner of Vranas Ventures Inc., a property management company in Chicago. Vranas will be honored for his outstanding industry leadership and service with a REALTOR® of the Year Banquet to be held on April 17 in Springfield.
In Memoriam: Jim Maloof
REALTOR® James A. Maloof, the founder of Jim Maloof/Realtor® who served three terms as mayor of Peoria, died Jan. 19. He was 93. Read his obituary along with media coverage of his passing and a Peoria Journal Star photo tribute.
Legislative & Advocacy
Highlights From IAR Public Policy Meetings
Illinois REALTORS® gathered in East Peoria last week for critical legislative updates and strategy sessions to make sure REALTORS® have a voice in the local, state and federal public policy issues and legislative battles that affect their business. Find photos, presentations and other highlights at www.illinoisrealtor.org/publicpolicy including:
You can be a 2013 RPAC PACESETTER!
How? Simply pledge at the Major Investor level ($1,000 or more) by Wed., Feb. 6. You can do this online at www.RPACNow.com or contact Sarah Clayton firstname.lastname@example.org. NEW this year! All 2013 PACESETTERS will receive a complimentary one-year subscription to the monthly e-newsletter by REAL Trends, plus special recognition in the April Illinois REALTOR® magazine and at the April 16 IAR Capitol Conference.
Scam Update: REALTOR® Complaint Site Now Dormant
NAR and many state associations worked in concert to end the misuse of the REALTOR® trademark by a fake complaint site, which is now dormant. Read more from NAR.
IAR Legal Hotline Top 10
Questions on leasing activity topped the list of topics for the IAR Legal Hotline in 2012. IAR Legal Hotline Attorney Betsy Urbance has the answers to those and other common hotline questions in this Illinois REALTOR® article.
Sales and Marketing
Big Homes are Making a Comeback
The downsizing trend may be ending. A survey by home builder PulteGroup found that buyers, regardless of their age, are again looking for homes that have more space. Read more in NAR's Styled, Staged & Sold blog.
Five Reasons to Sell Now
Share this KCM blog post, "5 Reasons You Should List Your House TODAY!" with sellers who have been on the fence about listing their home.
Education and Training
Managing Broker License Renewal Deadline is April 30, 2013
IAR has prepared an at-a-glance chart for CE requirements for this renewal period, and the 12-hour interactive/classroom Broker Management CE classes (required only if you transitioned your license by Proficiency Exam) are being scheduled at IAR branch locations statewide. Learn more.
Took the Broker Management CE Class by Mistake?
While the 12 hours will not count toward the next Managing Broker license renewal cycle, they will count as 12 elective CE hours if you still need elective credits. Learn more.
IAR Paperless CE Home Study Option - Just $19.95!
Elective and Core options cover residential rental, residential leasing, real estate investing, Code of Ethics, disclosure issues for landlords and more! $19.95 per course and no additional cost for your proctored exam at your local association.
Early bird deadline for IAR Spring Conference, May 8-9 in Collinsville. Register now and IAR members pay only $99.
The Illinois Housing Leaders Conference will be held in Springfield.
Get involved and attend this year's Capitol Conference "REALTOR® Lobby Day" in Springfield.
IAR Business Meetings will be held in Springfield. A schedule of meetings will be coming soon.
Did you miss it?
Hot topics from last week: