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The Voice of Illinois Real Estate
Updated: 5 hours 28 min ago

Fraud alert: Scammers using hacked email accounts to hijack wire transfers

Mon, 11/02/2015 - 1:15pm
Illinois REALTORS® and their clients are being victimized by sophisticated wire fraud schemes rooted in hacked email accounts. Example: Hackers who have already gained access to email accounts of sellers, buyers, real estate brokers or attorneys watch messages for words … Continue reading →

Register now for 1031 tax deferred exchange webinar

Fri, 10/30/2015 - 9:54am
Commercial REALTORS®, take note: the Certified Commercial Investment Member Institute (CCIM) is offering a new webinar from 2 to 4 p.m. CDT, Thursday, Nov. 5: 1031 Tax Deferred Exchange. This advanced course provides a concise and thorough overview of Internal … Continue reading →

Short-term rental bans become growing issue for local associations

Thu, 10/29/2015 - 11:41am
With a growing number of communities seeking to ban or limit short-term property rentals for services like Airbnb or Vacation Rentals By Owner (VRBO), local associations and their government affairs directors are working harder to stay on top of these … Continue reading →

Morning Minute: Pending home sales slow in September, but still higher than a year ago

Thu, 10/29/2015 - 9:50am
September pending home sales slowed compared to last month, but still remain 3 percent higher than September 2014, the National Association of REALTORS® (NAR) reported today.NAR’s Pending Home Sales Index tracks contract signings. NAR Chief Economist Lawrence Yun said lower … Continue reading →

Morning Minute: Homeownership rate heads slightly higher

Wed, 10/28/2015 - 8:41am
For the first time in two years, the U.S. homeownership has increased, HousingWire reports. According to data from the Department of Commerce and the U.S. Census Bureau, the homeownership rate was 63.7 percent in the third quarter of 2015, up … Continue reading →

Wilcox to speak at Xplode Conference Nov. 4

Tue, 10/27/2015 - 10:30am
Make sure you attend the Nov. 4 Xplode Conference in Hoffman Estates if you’d like to hear from Ginger Wilcox, Sindeo’s chief industry officer, and a dozen other real estate experts. Formerly with Trulia, in 2015, Wilcox was honored as … Continue reading →

Morning Minute: Despite slower economy, housing expected to expand, Yun says

Tue, 10/27/2015 - 8:42am
The U.S. economy may have slowed a little in recent months, but the housing market is expected to remain positive, says Lawrence Yun, chief economist for the National Association of REALTORS®. In his most recent commentary for Forbes, Yun said … Continue reading →

Morning Minute: Positive signs from the fall housing market

Mon, 10/26/2015 - 8:47am
September home sales climbed higher in both Illinois and the U.S., marking a strong start to the fall housing market. In a recent post, “Fall Home Sales Rebound: 5 Stats to Know,” the National Association of REALTORS® (NAR) highlights five facts for … Continue reading →

Illinois REALTOR® Silvano honored as AREAA national chairwoman

Mon, 10/26/2015 - 8:11am
The 2015 Asian Real Estate Association of America wrapped up its convention in San Francisco over the weekend, but not before celebrating the installation of Illinois REALTOR® Vicky Silvano as the association’s national chairwoman. Silvano, a broker at Century 21 SGR in … Continue reading →

Legal Services busts myths and shares facts in ‘TRID Revisited’

Fri, 10/23/2015 - 4:29pm
REALTORS® are mistaken if they believe almost any circumstance will reset the three-day rule for giving Closing Disclosures to buyers before closings, says the IAR Legal Services Team. In fact, during Thursday’s IAR Legal Webinar, “TRID Revisited,” IAR Hotline Attorney … Continue reading →

Morning Minute: Rising rents expected to keep climbing

Fri, 10/23/2015 - 10:09am
It’s getting more expensive to be a renter. Apartment rental costs jumped last year and have continued upward in 2015 too. In fact, according to the apartment research firm Axiometrics, annual rental growth in September rose to 5.2 percent, a … Continue reading →

REALTORS® donate more than $150,000 to help tornado victims

Thu, 10/22/2015 - 11:47am
Residents in Northern Illinois communities which were hit by devastating tornadoes earlier this year received more than $150,000 from a pair of REALTOR® organizations to help with disaster recovery.    The aid was for victims of the twisters which struck a … Continue reading →

Strong housing sales, pricing gains seen for September in Illinois

Thu, 10/22/2015 - 8:17am
Positive housing market momentum carried into September with home sales and median prices experiencing healthy year-over-year gains as Illinois headed into the fall market, according to the Illinois Association of REALTORS®. Statewide home sales (including single-family homes and condominiums) in … Continue reading →

Login for TRID Legal Webinar today at 9:30 a.m.

Thu, 10/22/2015 - 6:00am
Join in the next IAR Legal Webinar, “TRID Revisited,” at 9:30 a.m. today, with IAR Transaction Helpline Attorney Jeff Baker and IAR Legal Hotline Attorney Betsy Urbance. Urbance and Baker will explore questions that have come up since the Truth-in-Lending/RESPA … Continue reading →

Northeastern to rename one of its colleges after REALTOR® Goodwin

Wed, 10/21/2015 - 12:12pm
Northeastern Illinois University announced today it will rename its college of education after one of its former students, Illinois REALTOR® Daniel L. Goodwin, principal and chairman for the Inland Real Estate Group, Inc., of Oak Brook. The school noted Goodwin … Continue reading →

Morning Minute: Buying a vacant home? Avoid problems that could cost you money

Wed, 10/21/2015 - 8:49am
Realtor.com points out four potential problems to look for if you are thinking about buying a home that has been vacant for awhile. Appliances that have gone unused for a long period of time may have issues with hoses and … Continue reading →

Still time to sign up for Thursday Vertex 15 conference

Tue, 10/20/2015 - 9:17am
Go online now to reserve your spot for Thursday’s Vertex 15 conference Thursday at the Westin Chicago North Shore in Wheeling. You can pay either $250 for a VIP Ticket to the day-long conference or $99 for general admission. Featured … Continue reading →

Morning Minute: Homebuilder confidence at 10-year high

Tue, 10/20/2015 - 9:10am
Homebuilder confidence rose in October, climbing to the highest levels in a decade, according to the latest National Association of Home Builders/Wells Fargo sentiment survey. Read coverage of the newest data from Bloomberg and the Wall Street Journal. In other headlines: FHA … Continue reading →

Morning Minute: Scare up some savings as you decorate for Halloween

Mon, 10/19/2015 - 9:43am
Decorating your house and lawn for Halloween but don’t want to break the bank? HouseLogic has some low-cost ideas for getting your house tricked out for the holidays. A few ideas: Make your own window silhouettes with black paper and … Continue reading →

Use NAR Call for Action to stop housing tax for transportation

Fri, 10/16/2015 - 3:00pm
Tell your U.S. senator and U.S. representative you’re against a proposal to create a tax on Americans looking to refinance a home mortgage or buy a home mortgage. Respond to the NAR President Chris Polychron’s Call for Action and let … Continue reading →