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The Voice of Illinois Real Estate 2014-03-21T17:20:47Z
Updated: 12 hours 57 min ago

Infographic: Mortgage interest rates still historically low and affordable

Thu, 01/16/2014 - 11:47am
Freddie Mac reported today that fixed mortgage rates fell this week on weaker economic news. The 30-year, fixed rate mortgage averaged 4.41 percent compared to 4.51 last week and the 15-year, fixed rate was down to 3.45 percent. Mortgage interest … Continue reading →

Check out MRED’s newest resource: RPR

Wed, 01/15/2014 - 4:07pm
Many Illinois REALTORS® have a wealth of additional market data in their hands now that Realtors Property Resource® has gone live with Midwest Real Estate Data (MRED), the Chicagoland multiple listing service (MLS) that serves nearly 40,000 brokers and appraisers … Continue reading →

Congratulations 2013 Illinois GRI Graduates

Tue, 01/14/2014 - 11:31am
Kudos to the 55 Illinois REALTORS® who earned their Graduate REALTOR® Institute (GRI) designation at the Illinois GRI program in December.The GRI is a professional education program which is second to none in the real estate industry. Click here to … Continue reading →

Morning Minute: Five housing trends to watch this year

Tue, 01/14/2014 - 10:40am
What’s in store for housing in 2014? A Wall Street Journal blog post, “5 Things to Watch in Housing in 2014,” identifies what it says are five wild cards that could impact the housing market including inventory levels, new home … Continue reading →

Skokie passes comprehensive rental regulations after near two-year struggle

Mon, 01/13/2014 - 4:16pm
The village of Skokie, nearly two years after it was first proposed, adopted a comprehensive rental regulation and crime-free ordinance on Jan. 6. The Illinois Association of REALTORS® (IAR) and the members of the North Shore-Barrington Association of REALTORS® (NSBAR) … Continue reading →

Morning Minute: Poll finds Americans expect home prices to continue to rise

Mon, 01/13/2014 - 12:47pm
Americans remain confident that home prices will continue to move up in 2014 despite talk of higher interest rates and Federal Reserve changes to the stimulus program, according to a Federal Reserve survey, the Washington Post’s Wonk Blog reports. In … Continue reading →

Read how the FHFA’s loan policy is unfair to Chicago home buyers

Sun, 01/12/2014 - 10:42am
Buy a home in some markets and you can get more money via a federally backed mortgage. But if you live in Chicago, you may have to settle for less in the way of a federally-backed mortgage due to a … Continue reading →

IAR’s Phil Chiles talks 2014 outlook and new agents entering the industry

Fri, 01/10/2014 - 5:16pm
IAR President Phil Chiles was among the real estate agents and industry experts interviewed in the latest Real Estate Broker’s Insider about their 2014 expectations for the real estate market and industry. Overall they are expecting market growth to continue, … Continue reading →

Noland discusses employer-assisted housing with Elgin area REALTORS®

Fri, 01/10/2014 - 1:55pm
State Senator Michael Noland, D-Elgin, met with REALTORS® Friday in Elgin to highlight the importance of the Employer-Assisted Housing program and provide an update on the state of Illinois. The Employer-Assisted Housing program in Elgin was coordinated and marketed in … Continue reading →

Illinois REALTOR®: Tips for Marketing Your Commercial Business

Thu, 01/09/2014 - 1:44pm
Getting your real estate firm’s message and brand out to the public — and potential clients —  is critical for your long-term success. In the January issue of Illinois REALTOR® magazine, marketing experts share their tips for using public relations, … Continue reading →

Morning Minute: Can your social media activity affect your ability to get credit?

Thu, 01/09/2014 - 11:24am
Could your status update on Facebook impact your ability to get a loan later? An article in the Wall Street Journal, “Borrowers Hit Social-Media Hurdles,” looks at a trend that could have consumers rethinking their online activity. According to the … Continue reading →

Morning Minute: Mortgage credit availability eases slightly

Wed, 01/08/2014 - 1:15pm
The Mortgage Credit Availability Index had a small but positive increase in December, rising 0.6 percent compared to the month before, HousingWire reports today. The index from the Mortgage Bankers Association tracks lending standards and credit availability. In November the … Continue reading →

IAR members get Professional Standards updates in Oakbrook Terrace

Wed, 01/08/2014 - 12:53pm
REALTORS® from throughout the state took part in Professional Standards training sponsored by the Illinois Association of REALTORS® on Wednesday, Jan. 8, 2014, in Oakbrook Terrace. The annual event provides updates and training on the guidelines used by REALTORS® to … Continue reading →

Weather no deterrent to advocating for property rights in Skokie

Tue, 01/07/2014 - 2:51pm
IAR Government Affairs Director Howard Handler battled a minus 42 degree wind chill to advocate for REALTORS. The Village of Skokie, nearly two years after it was first proposed, adopted a very comprehensive rental regulation and crime-free ordinance. The IAR … Continue reading →

Oakbrook Terrace Professional Standards sessions take place Wednesday

Tue, 01/07/2014 - 11:53am
The Professional Standards course hosted by the Illinois Association of REALTORS® will be held in Oakbrook Terrace on Wednesday. For information, go here. The Tuesday Professional Standards training session in Springfield was cancelled due to the weather. IAR is working … Continue reading →

Pro standards workshop in Springfield cancelled; Oakbrook Terrace session Wednesday still planned

Mon, 01/06/2014 - 9:52am
Due to the weather, the Professional Standards Workshop scheduled for Tuesday in Springfield has been cancelled. The Springfield session will be rescheduled, although a  date has not been selected. The Pro Standards workshop in Oakbrook Terrace on Wednesday is still … Continue reading →

IAR closed Monday due to snow, cold weather

Mon, 01/06/2014 - 9:17am
The polar vortex that hit the Midwest has made travel tricky and even dangerous. The Illinois Association of REALTORS® is closed today as a result. We will reopen Tuesday morning on a regular schedule. Stay warm and safe.

2014 color trend is Radiant Orchid

Fri, 01/03/2014 - 1:41pm
Chase away the winter blahs with Pantone’s Color of the Year for 2014: Radiant Orchid. Every year Pantone, a global authority on color and provider of professional color standards for the design industries, chooses the color of the year that … Continue reading →

WSJ: Some luxury homes are going to the dogs

Fri, 01/03/2014 - 1:10pm
A built-in dog washing station? Check. Heated window seats? Check. Dog-feeding areas with sinks that supply filtered water? Check. Those are just some of the pet-friendly features some homeowners are including in their luxury house designs to make sure their … Continue reading →

Freddie Mac: Mortgage rates edge higher on stronger economy

Fri, 01/03/2014 - 11:12am
With improved November pending home sales, an increase in consumer confidence in December and higher home prices, “mortgage rates edged up to begin the year on signs of a stronger economic recovery,” said Freddie Mac Vice President and Chief Economist Frank … Continue reading →