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The Voice of Illinois Real Estate
Updated: 9 hours 31 min ago

Call to Action: Vote ‘Yes’ on SB2664, condo foreclosure bill

Mon, 05/05/2014 - 3:55pm
The Illinois Association of REALTORS® has issued a Call to Action urging its members to voice their support for a bill that would reform the state’s Condominium Property Act. SB2664 adds language to the act to help protect buyers from … Continue reading →

Welcome Home Illinois program gains traction in state

Mon, 05/05/2014 - 3:50pm
In a personal call Monday to IAR’s legislative affairs team, Gov. Pat Quinn said 730 buyers have signed up for the Welcome Home Illinois first-time buyers program. Quinn told IAR more than $80 million in loans has been committed so … Continue reading →

Morning Minute: Illinois tops list of states with most affordable housing markets

Mon, 05/05/2014 - 10:48am
If you are looking for an affordable housing market, put Illinois on your list. Five of the top 10 most affordable small metro housing markets in the country are found in Illinois, according to a study of housing data done … Continue reading →

There’s still time to attend IAR Spring Conference & Expo and save!

Mon, 05/05/2014 - 8:00am
The Illinois Association of REALTORS® Spring Conference & Expo kicks off Wednesday at the Gateway Center in Collinsville. This two-day event, May 7-8, could be your Gateway to Success this spring! Bring this coupon with you and save $10 off … Continue reading →

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

Mon, 05/05/2014 - 7:30am
In case you missed it, here are six of the top IARbuzz blog posts from the last week: Missed the April 30 Broker Renewal Deadline? – Tips on what you should do if you are an Illinois Broker who didn’t … Continue reading →

Morning Minute: Return of the first-time homebuyer

Fri, 05/02/2014 - 10:18am
Changing economic conditions could be the catalyst that prompts more first-time homebuyers to take a look at the housing market, according to a new report, “The Return of the First-Time Buyer” from the financial services company Barclays, HousingWire reports. In … Continue reading →

Do you know what to do if you fall prey to a rental listing scam?

Fri, 05/02/2014 - 8:12am
Occasionally, IAR receives calls from members who suspect their sales listings have been posted on craigslist.org or other websites as rental listings when these properties are not for rent at all. The listing agents believe their listings are being posted … Continue reading →

Missed the April 30 Broker Renewal Deadline?

Thu, 05/01/2014 - 4:57pm
If you missed the April 30, 2014 Broker Renewal deadline – you must still complete your ​education​ CE requirements and send in your renewal form to the Illinois Department of Financial and Professional Regulation (IDFPR). IAR is here to help. … Continue reading →

Morning Minute: Mortgage rates dip slightly after recent gains

Thu, 05/01/2014 - 11:50am
Fixed mortgage rates reversed trend this week and fell slightly with the 30-year, fixed averaging 4.29 percent and the 15-year rate averaging 3.38 percent, Freddie Mac reported today. “Mortgage rates were down slightly following the release of real GDP estimates for the … Continue reading →

Flood insurance premiums to decrease May 1 for buyers of older properties

Wed, 04/30/2014 - 2:31pm
The National Association of REALTORS® has worked to lower flood insurance premiums. Now that effort begins to pay off for some homebuyers. NAR announced today that beginning May 1, buyers of older properties will get to assume an October 2013 … Continue reading →

Final Day for 2014 Broker License Renewal!

Wed, 04/30/2014 - 10:18am
If you are an Illinois Broker who needs to renew your license before the April 30, 2014 deadline, today is the final day to submit your renewal application along with the $150 state of Illinois licensing fee to the Illinois … Continue reading →

Sign up now for IAR’s Aurora Habitat for Humanity project

Tue, 04/29/2014 - 11:48am
The dates for the Aurora Habitat for Humanity project have been announced, and you can sign up today to take part in building the third of three homes the Illinois Association of REALTORS®’s membership plans this year. The dates are: … Continue reading →

Broker License Renewal: Don’t Wait Until Too Late to Renew with IDFPR!

Tue, 04/29/2014 - 11:22am
Don’t procrastinate! If you are an Illinois Broker who needs to renew your license before the April 30, 2014 deadline, don’t wait until the last minute to do so or you could miss the deadline and find yourself unable to … Continue reading →

Morning Minute: Rockford REALTORS® spread the word about Welcome Home Illinois homebuyer program

Tue, 04/29/2014 - 9:47am
Rockford Area REALTORS® are among those talking about the state’s new Welcome Home Illinois program aimed at helping first-time buyers get into a home during the spring and summer buying season. Qualifying Illinois residents can get $7,500 in down payment … Continue reading →

Morning Minute: U.S. pending home sales see month-over-month gain in March

Mon, 04/28/2014 - 9:59am
March pending home sales rose 3.4 percent compared to February, the first gain in the last nine months, according to the latest National Association of REALTORS® Pending Home Sales Index. Year-over-year pending sales were down 7.9 percent compared to March … Continue reading →

IAR at Council of Great Lakes Governors

Sun, 04/27/2014 - 5:40pm
Members of the Illinois Association of REALTORS® were in Chicago this weekend for the Council of Great Lakes Governors, an annual gathering of top state executives from throughout the region. The conference was held at the Shedd Aquarium, and concentrated … Continue reading →

Marion-area REALTORS® appear with governor to promote home program

Fri, 04/25/2014 - 4:36pm
Gov. Pat Quinn made two stops Thursday in the southern part of the state as part of his effort to promote Welcome Home Illinois. Appearing with Quinn in Marion were a number of REALTORS®, including Meghan Aloffo who spoke on … Continue reading →

Morning Minute: Short sales falling out of favor?

Fri, 04/25/2014 - 12:15pm
The New York Times reports on CoreLogic data that shows fewer distressed homeowners may be opting to sell their home through a short sale, in part because the expiration of the Mortgage Forgiveness Debt Relief Act means they could owe more … Continue reading →

U.S. Rep Gutierrez meets with REALTORS®; says he supports housing debt relief legislation

Fri, 04/25/2014 - 11:34am
Eleven-term U.S. Rep. Luis V. Gutierrez met with Illinois REALTORS® on Friday, April 25, 2014 as part of IAR’s ongoing dialogue with members of Congress. Roughly 50 REALTORS® came out to the Brookfield Zoo for the breakfast meeting with Rep. … Continue reading →