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The Voice of Illinois Real Estate
Updated: 13 hours 14 min ago

Need to know more about medical marijuana?

Fri, 01/16/2015 - 12:47pm
Managing Brokers: Like it or not, medical marijuana is coming to your community, and the January issue of IAR’s D.R. Legal News will supply you with enough facts to get you started. Lisa Hartzler of Sorling Northrup Attorneys, and Betsy … Continue reading →

Morning Minute: Thursdays and Fridays most popular days to list a home

Fri, 01/16/2015 - 9:53am
When it comes to listing a home for sale, Thursdays and Fridays were the most common days of the week for real estate agents to list the properties in 2014, according to an analysis by the National Association of REALTORS® … Continue reading →

Morning Minute: Mortgage interest rates fall again; 15-year now below 3 percent

Thu, 01/15/2015 - 10:22am
For the third consecutive week, fixed mortgage interest rates have declined, Freddie Mac reports today. The 30-year, fixed rate averaged 3.66 percent, while the 15-year, fixed rate was down to 2.98 percent for the week ending Jan. 15. Read more … Continue reading →

Governor visits Senator at IAR headquarters

Wed, 01/14/2015 - 4:52pm
The Illinois Association of REALTORS® hosted a meet-and-greet event for new State Senator Neil Anderson of Rock Island (R-36th District), and welcomed Governor Bruce Rauner to the IAR building too. The REALTORS’® event appeared to be one of the governor’s first … Continue reading →

Pro Standards part 2: REALTORS® gather in Oak Brook for training

Wed, 01/14/2015 - 12:21pm
Chicagoland REALTORS® met in Oak Brook on Jan. 14, 2015, to get updates on Professional Standards. The meeting is the second of two sessions held in January which provide training for those who work on handling disputes between REALTORS® and … Continue reading →

Morning Minute: As gas prices fall, will mortgage rates follow?

Wed, 01/14/2015 - 11:58am
Consumers could save two ways with lower prices at the gas pump: cheaper gas prices that will mean more money for discretionary household spending and lower inflation rates that could drive down mortgage interest rates and lower payments, according to … Continue reading →

See who was at Pro Standards in Springfield

Wed, 01/14/2015 - 9:02am
Illinois REALTORS® spent the day learning about rules changes and honed their skills at resolving disputes at a annual training session held at the Crowne Plaza Hotel in Springfield. The training featured updates on Code of Ethics changes and featured … Continue reading →

Administrative changes to speed ethics hearing process

Tue, 01/13/2015 - 12:30pm
Presenters at the IAR Professional Standards Workshop in Springfield explained that administrative changes to processing REALTOR® Code of Ethics complaints should quicken decision-making for the ethics complaint hearing process this year. Of 19 different points of discussion reviewed by Lynn … Continue reading →

Morning Minute: More U.S. homeowners have positive equity in their homes

Tue, 01/13/2015 - 10:24am
Good news for homeowners, the majority of U.S. homes with a mortgage now have positive equity in their homes, according to a new report from CoreLogic. An additional 273,000 U.S. mortgaged homes returned to positive equity during the third quarter … Continue reading →

Take advantage of limited-time offer for luxury summit

Mon, 01/12/2015 - 5:00pm
The Asian Real Estate Association of America (AREAA) is offering members of the Illinois Association of REALTORS® a preferred ticket price for its three-day Global and Luxury Summit in Chicago in April. The early-bird registration deadline is Feb. 27. The … Continue reading →

Remember Pro Standards Workshops agenda for tomorrow and Wednesday

Mon, 01/12/2015 - 12:24pm
Day-long Professional Standards Workshops will be conducted Tuesday and Wednesday this week, in Springfield and Oakbrook Terrace, respectively. Although held in two different locations, the agenda for both will begin with continental breakfast at 8:15 a.m. and end at 3:30 … Continue reading →

IAR leaders participate in inaugural activities at the Capitol

Mon, 01/12/2015 - 10:21am
Leaders of Illinois Association of REALTORS® took part in a series of events over the weekend as the state prepares for a change in leadership. Inauguration events will continue today and tonight as state constitutional officers are sworn in, including … Continue reading →

IAR leadership to be at inaugural events in Springfield

Sat, 01/10/2015 - 9:34am
Members of the IAR leadership team will attend the inauguration of Gov.-elect Bruce Rauner on Monday. The swearing in ceremony will be one of several events the leadership team will be attending, ranging from a dinner at the Illinois Capitol … Continue reading →

MRED hires new CEO who serves on NAR MLS policy committee

Sat, 01/10/2015 - 9:20am
Rebecca Jensen has been hired to lead Midwest Real Estate Data, the MLS serving the Chicago area announced late Friday. Jensen comes to MRED from Utahrealestate.com, where she had been CEO since 2007. She is a member of the NAR … Continue reading →

Morning Minute: Obama calls for lower FHA insurance premiums

Thu, 01/08/2015 - 10:54am
In a move that could make homeownership more affordable to more families, President Obama is directing the Federal Housing Administration (FHA) to reduce mortgage insurance premiums, HousingWire reports. FHA will reduce annual mortgage insurance premiums by 0.5 percentage points from … Continue reading →

‘Time Bomb’ email contains errors; NAR working on Fannie Mae sales issue

Wed, 01/07/2015 - 3:25pm
Concerns about changes to the appraisal process in Fannie Mae transactions are causing the National Association of REALTORS® to closely monitor the situation and seek feedback from members this month. In an email to state and local association members this … Continue reading →

This REALTOR® succeeds by doing what no one else wants to do

Wed, 01/07/2015 - 11:00am
If you’re looking for a unique time management approach, follow the example set by Connie Scott of Rolling Meadows and tackle the difficult jobs before you progress to the easier ones. Scott’s tactic is one of several outlined in the … Continue reading →

Work now to complete managing broker license renewal in April

Tue, 01/06/2015 - 2:00pm
Managing broker licensees must complete continuing education requirements and apply to the Illinois Department of Financial and Professional Regulation (IDFPR) to renew their licenses by April 30, 2015. Those who earned their first managing broker license after Feb. 1, 2013 … Continue reading →

Goal setting helps 4 REALTORS® adapt, overcome and move on

Tue, 01/06/2015 - 12:20pm
It’s a New Year, and as inspiration for members working on business resolutions, IAR talked to several who have met and exceeded goals they set. In the digital January issue of Illinois REALTOR® magazine, four IAR members share their personal … Continue reading →

Morning Minute: Chicago’s housing personality for 2015

Tue, 01/06/2015 - 10:16am
Look for the Windy City to be a housing stalwart this year with a strengthening economy and housing market that is seeing improved home prices while remaining an affordable metro area, according to a new infographic by the real estate … Continue reading →