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Illinois home sales and median prices surge higher in July

IAR News - Wed, 08/19/2015 - 7:31pm
Date:  August 20, 2015 Intro: 

The strong summer market continued with home sales and prices posting robust gains while the time it took to sell a home declined.

FOR RELEASE: August 20, 2015

For Further Information Contact: Stephanie Sievers, 217-529-2600

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Rauner keynotes Republican event held at IAR headquarters

IARbuzz.com Blog - Wed, 08/19/2015 - 10:20am
Illinois Gov. Bruce Rauner took time off from the State Fair on Tuesday to meet with the Republican supporters for a “Backyard Barbecue.” The event was held at IAR’s headquarters in Springfield, and was attended by nearly 200 people including … Continue reading →

Morning Minute: What’s a hot home feature in Illinois? Finished basements

IARbuzz.com Blog - Wed, 08/19/2015 - 9:51am
Homeowners in different states value different features in their homes. In North Carolina, front porches are a must-have while homeowners in Kansas place a high value on homes with wet bars. Realtor.com looked at single-family property listings in the 50 … Continue reading →

Morning Minute: Moving for work? You could qualify for moving expense tax deductions

IARbuzz.com Blog - Tue, 08/18/2015 - 10:25am
Moving because of your job? Then you may be able to deduct some of your moving expenses, according to a new Internal Revenue Service tax tip sheet 2015-20, “Moving Expense Deduction.”  You must meet three requirements: Your move must closely … Continue reading →

NAR REALTOR® Broker Summit: Wagner discusses 1031s and millennials

IARbuzz.com Blog - Tue, 08/18/2015 - 9:04am
Dan Wagner (left), president-elect of the Chicago Association of REALTORS® and board member of the Illinois Association of REALTORS®, participated in a panel discussion at the 2015 Realtor Broker Summit in Seattle, Wash., Monday. During the discussion, “New Rules: How … Continue reading →

Step up to Managing Broker status

IARbuzz.com Blog - Tue, 08/18/2015 - 6:00am
Do you have what it takes to be a Managing Broker? Then don’t miss the Applied Management and Supervision webinar Aug. 26-27. Veteran REALTOR® and CEO of the Decatur Association of REALTORS® Norm Willoughby will lead this interactive course.  Managing … Continue reading →

Chicago metro area enjoys second quarter price growth

IARbuzz.com Blog - Mon, 08/17/2015 - 3:05pm
The Chicago metro area was one of 12 metro areas in the United States to have an overall home price growth of 4 percent or more, as U.S. home prices in the second quarter increased 3.5 percent over the first … Continue reading →

Did you know that millennials love to work with real estate agents?

IARbuzz.com Blog - Mon, 08/17/2015 - 1:27pm
Of the 13 facts listed about millennials in an Inman story today, the fact that they enjoy working with real estate professionals to buy or sell their homes may be one of the most surprising you’ll see. Also known as … Continue reading →

Morning Minute: Homebuilder confidence heads higher in August

IARbuzz.com Blog - Mon, 08/17/2015 - 9:51am
U.S. homebuilders are feeling confident about the real estate market, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. In fact, builder sentiment has risen to its highest level in nearly a decade. Read today’s coverage … Continue reading →

Look behind the scenes during a Lynn Madison training video

IARbuzz.com Blog - Fri, 08/14/2015 - 2:29pm
REALTOR® Lynn Madison, a nationally known speaker and instructor, visited Springfield today to record a pre-license instructor development course for the IAR Licensing & Training Center. The pre-license instructor training will be added to the IAR Licensing and Training Center … Continue reading →

Blackhawks, IAR help Illinois Executive Mansion Association raise money

IARbuzz.com Blog - Fri, 08/14/2015 - 10:35am
More than 50 people gathered at Illinois Association of REALTORS® Headquarters Friday morning to help raise money for repairs to the Illinois Governor’s mansion, eat breakfast and have photos taken with Chicago Blackhawks Chairman Rocky Wirtz and the Stanley Cup. … Continue reading →

Morning Minute: Mortgage rates climb slightly higher on stronger jobs news

IARbuzz.com Blog - Fri, 08/14/2015 - 8:10am
Mortgage interest rates edged higher this week with the 30-year, fixed-rate averaging 3.94 percent and the 15-year, fixed-rate averaging 3.17 percent, according to the latest Freddie Mac report. Some of the economic factors at play include an additional 215,000 new … Continue reading →

Next Thursday’s IAR Legal Webinar to cover recurring topics concerning business practices and incentives

IARbuzz.com Blog - Thu, 08/13/2015 - 11:24am
The legalities and concerns surrounding broker payment of compensation, incentives, referral fees, rebates and inducements will be among items discussed during the next IAR Legal Webinar, beginning at 9:30 a.m. Aug. 20. The legal team will also cover some recurring … Continue reading →

Morning Minute: Urban housing demand on the rise

IARbuzz.com Blog - Thu, 08/13/2015 - 8:09am
Housing demand is growing in many U.S. cities, according to a new home price report from Fitch Ratings. After years of stronger suburban and exurban housing growth, the report found an increasing demand from buyers looking to live in an … Continue reading →

Wagner talks commercial at NAR Leadership Summit

IARbuzz.com Blog - Mon, 08/10/2015 - 9:07pm
Dan Wagner told REALTOR® association leaders on Monday how important it is for Congress not to repeal Section 1031 like-kind exchanges. Wagner, president-elect of the Chicago Association of REALTORS® and a member of the IAR board of directors, appeared on … Continue reading →

Illinois REALTORS® climb past Call for Action goal

IARbuzz.com Blog - Mon, 08/10/2015 - 4:05pm
More than 20 percent of Illinois REALTORS® have responded to the national Call for Action regarding patent trolls, and the campaign continues. The NAR’s call for action began more than three weeks ago, asking members write to federal elected officials … Continue reading →

IAR Leadership Summit draws local REALTOR® leaders to Chicago

IARbuzz.com Blog - Mon, 08/10/2015 - 10:00am
Illinois REALTORS® converged on the Embassy Suites-Downtown Lakefront Sunday to learn more about the responsibilities of serving as leaders of their local associations. Check out some of the photos taken during the event.  

Survey: Millennials look to family for co-signers, down payment

IARbuzz.com Blog - Fri, 08/07/2015 - 1:28pm
A recent survey by Endeavor America Loan Services showed 41 percent of millennials used co-borrowers to qualify for home loans and 20 percent needed financial assistance from family for down payments. Those are just a few of the findings given … Continue reading →

Local REALTOR® leaders head for state, national leadership training

IARbuzz.com Blog - Fri, 08/07/2015 - 6:30am
So that they can represent your interests well, local association officers will convene in Chicago Sunday through Tuesday for IAR and NAR Leadership Summits. The IAR training begins Sunday at the Embassy Suites Chicago Downtown Lakefront (511 N. Columbus Drive) … Continue reading →

7-minute NAR video can help protect you from disaster during closings

IARbuzz.com Blog - Thu, 08/06/2015 - 10:27am
Have you ever heard of a broker whose client’s money was stolen during a closing? In the NAR’s latest edition of “Window to the Law,” that’s just one of the real-life scenarios you can learn to protect yourself from. In … Continue reading →