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The Voice of Illinois Real Estate
Updated: 33 min 56 sec ago

Morning Minute: Economy, housing market expected to gradually improve into 2015

Fri, 05/16/2014 - 10:52am
Severe winter weather got 2014 off to a slow start, but improving employment numbers, a strengthening economy and pent-up homebuyer demand bodes well for stronger housing activity and the overall economy, said industry experts at this week’s REALTOR® Party Convention … Continue reading →

IAR lobbyists are fighting for you in the final weeks of legislative session

Thu, 05/15/2014 - 5:19pm
With a scheduled adjournment date of May 31, the Illinois General Assembly is heading into the final stretch of the spring session and Illinois Association of REALTORS® (IAR) lobbyists are working on key bills that affect the industry and your … Continue reading →

You Say You’re #1? Prove It

Thu, 05/15/2014 - 12:45pm
There seems to be an increase in complaint activity as it relates to real estate licensees making claims in their advertising that they are “number one.” It is important for real estate licensees and the managing brokers charged with oversight … Continue reading →

Morning Minute: U.S. mortgage delinquencies continue to fall; now at 2007 level

Thu, 05/15/2014 - 11:40am
The number of Americans who have fallen behind on their mortgage payments has fallen to the lowest level in six years, according to a new report from the Mortgage Bankers Association (MBA). The delinquency rate fell to 6.11 percent of all … Continue reading →

Scenes from Illinois REALTOR® Visits to Capitol Hill

Thu, 05/15/2014 - 11:07am
Illinois REALTORS® and Illinois Federal Political Coordinators (FPCs) are out in force this week in Washington, D.C., as they continue to meet with legislative staff for members of Congress including: U.S. Reps. Mike Quigley, Randy Hultgren, John Shimkus, Adam Kinzinger, … Continue reading →

Illinois REALTORS® meet with U.S. Sens. Durbin and Kirk

Wed, 05/14/2014 - 4:18pm
Illinois REALTORS® met with U.S. Sen. Dick Durbin, D-Ill., this morning as part of IAR’s “Let’s Talk Real Estate” program. The key federal issues REALTORS® are advocating for this year include promoting the Marketplace Fairness Act, preserving the Mortgage Interest Deduction, … Continue reading →

Photo highlights of Illinois REALTORS® in Washington, D.C.

Wed, 05/14/2014 - 12:48pm
It is a busy week of meetings on Capitol Hill — including a morning meeting today with U.S. Sen. Dick Durbin — for Illinois REALTORS® who are in Washington, D.C., for the REALTOR® Party Convention & Trade Expo. #PowerofR  #RPCTE

Federal Political Coordinators get ready for trips to Capitol Hill

Tue, 05/13/2014 - 4:32pm
IAR has members who serve as liaisons with congressional representatives, and this special group of people gathered for a kickoff Tuesday, May 13, 2014 in Washington, D.C. The meeting covered a variety of issues of interest to REALTOR® members, including … Continue reading →

REALTOR® Call for Action: Vote ‘Yes’ on SB 2664 and HB 4609

Tue, 05/13/2014 - 12:21pm
Illinois REALTORS®, take action now and contact your state lawmakers, urging them to vote ‘YES’ on two important bills pending in the Illinois General Assembly: Senate Bill 2664 -  A bill offering greater protections and disclosure to consumers buying a foreclosed … Continue reading →

Morning Minute: Unexpected dip in mortgage interest rates gives consumers more buying power

Tue, 05/13/2014 - 10:40am
Some economists had forecast that mortgage interest rates would steadily climb in 2014, but so far, that hasn’t happened. In fact, the opposite is true. In recent weeks, interest rates have trended downward, prompting an increased interest in mortgage financing … Continue reading →

Some dates changed for Springfield Habitat build; sign up now to take part

Tue, 05/13/2014 - 7:47am
Already 15 people are planning to help build the second of three Habitat for Humanity homes which are part of IAR’s Power of R effort this summer. Some dates for the Springfield build have been changed by Sangamon County Habitat … Continue reading →

Illinois REALTORS® heading to Washington, D.C., for Capitol Hill meetings

Mon, 05/12/2014 - 11:38am
Many IAR members are getting ready for the REALTOR® Party Convention & Expo in Washington D.C. The trip combines business meetings for the National Association of REALTORS® and a chance for Illinois REALTORS® to meet with lawmakers and their staffs. … Continue reading →

Infographic: Illinois median home prices up in 1Q 2014 #IARMarketStats

Mon, 05/12/2014 - 8:00am
In the first quarter of 2014, the statewide median home price rose 8.7 percent compared to the same period in 2013, while sales declined 7.8 percent over the same period. This new infographic from the Illinois Association of REALTORS®, offers … Continue reading →

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

Mon, 05/12/2014 - 7:30am
In case you missed it, here are four of the top IARbuzz blog posts from last week: Welcome Home Illinois program gains traction in state – The state’s newest first-time homebuyer mortgage program is attracting interest with 730 buyers signing … Continue reading →

Morning Minute: Mortgage interest rates fall again, now at low for the year

Fri, 05/09/2014 - 11:07am
Spring home buyers could get an even better deal on mortgage financing as interest rates continue to their recent decline. Freddie Mac reports that 30-year, fixed mortgage rates averaged 4.21 percent this week, the lowest rates have been this year. … Continue reading →

See who was at IAR’s Spring Conference & Expo

Thu, 05/08/2014 - 4:15pm
  The 2014 Spring Conference & Expo wrapped up Thursday afternoon with a CE session with Annette Akey. Hundreds of REALTORS® took part in the two-day conference at the Gateway Center in Collinsville. See who you know who was there.

Legal topics breakfast opens day 2 of IAR Spring Conference & Expo

Thu, 05/08/2014 - 8:25am
Betsy Urbance and Todd Turner with the Illinois Association of REALTORS®’  Legal Services team walked members through hot legal topics on Thursday, May 8, 2014. Among topics covered: Broker price opinions, privacy and the use of airborne drones to capture … Continue reading →

Census: U.S. older population to double over next 20 years

Thu, 05/08/2014 - 8:00am
The baby boomer generation continues to shape U.S. cultural trends, this time in the “graying” of the nation. By the year 2050, the U.S. senior population (those 65 and older) is expected to reach 83.7 million, nearly double its size … Continue reading →