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Illinois home prices increase in February; sales lower amid tight inventory

IAR News - Tue, 03/21/2017 - 2:33pm
Date:  March 22, 2017 Intro: 

Median home prices in Illinois rose 6.3 percent in February over previous-year levels while statewide home sales decreased 2.8 percent for the same period.

FOR RELEASE: March 22, 2017

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

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More REALTORS® need to speak out against rent control bill through Call for Action

IARbuzz.com Blog - Mon, 03/20/2017 - 4:38pm
More Illinois REALTORS® need to voice their displeasure with House Bill 2430 so the proposal is stopped in committee or defeated by a vote. Since March 6, more than 5,200 Illinois REALTORS® have said “no” to HB 2430 through the … Continue reading →

Remember to vote daily for Illinois’ Melanie Stone

IARbuzz.com Blog - Mon, 03/20/2017 - 3:57pm
REALTOR® Melanie Stone of Coldwell Banker Residential Mortgage in Chicago can become one of REALTOR® Magazine’s 30 Under 30 class of 2017 if she gathers the most online votes this week. You can help by casting daily votes for her … Continue reading →

Morning Minute: Welcome Spring! Before you start your home search, fine-tune your list of must-haves

IARbuzz.com Blog - Mon, 03/20/2017 - 10:26am
It’s officially spring and that means longer days, sunnier weather and the start of the busy home buying and selling season. If you are planning to buy a home this spring, go into the search prepared by knowing what you … Continue reading →

Managing Brokers, are you ready for the April 30 deadline?

IARbuzz.com Blog - Mon, 03/20/2017 - 9:00am
Time is running out for Managing Brokers to complete their license renewal requirements before April 30. If you have not renewed yet, here are steps you can take to ensure you don’t miss the deadline. Review the requirements Use the Managing Broker … Continue reading →

Get no blarney in members only State Capitol Report for Illinois REALTORS®

IARbuzz.com Blog - Fri, 03/17/2017 - 6:02pm
REALTORS® — Get the latest developments on proposed amendments to real estate license law, PACE bond legislation, potential changes to the Title Insurance Act, rent control and many more issues in the St. Patrick’s Day edition of the State Capitol … Continue reading →

Online registration through ISBE website ends Sunday

IARbuzz.com Blog - Fri, 03/17/2017 - 3:15pm
Sunday, March 19 is the last day that Illinois residents can register to vote through the Illinois State Board of Elections (ISBE) website and still participate in the April 4 consolidated election. Do you have any other questions about important … Continue reading →

Voting starts today for 30 Under 30 finalist Melanie Stone

IARbuzz.com Blog - Fri, 03/17/2017 - 2:28pm
Illinois REALTORS® can help boost the chances of the state’s only candidate for REALTOR® Magazine’s 30 Under 30 competition by voting once a day through March 24 for Melanie Stone. Vote here. In October 2015, she conducted her first educational … Continue reading →

Inman offers tax tips and a checklist of 100+ tax deductions

IARbuzz.com Blog - Fri, 03/17/2017 - 11:00am
This list of tax deductions could be useful for real estate professionals who still need to file their 2016 tax returns or for those who are organizing their records for 2017, says Inman.com in an article Thursday. The article, “Everything … Continue reading →

REALTOR®, daughter appreciate REEF scholarship; April 1 application deadline looms

IARbuzz.com Blog - Thu, 03/16/2017 - 4:53pm
As the April deadlines for many Real Estate Educational Foundation (REEF) scholarships draw near, Peoria-area REALTOR® Misty Phelps is grateful that her managing broker mentioned the available scholarships more than a year ago. Phelps’ daughter, Justyce Blankenship, submitted applications for … Continue reading →

Morning Minute: Housing starts build momentum in February

IARbuzz.com Blog - Thu, 03/16/2017 - 10:22am
New home construction increased 3 percent compared to last month and is up 6.2 percent from the same time last year, according to the latest housing starts data. With low housing inventory, the uptick in home building could signal a … Continue reading →

1990 Illinois REALTORS® President Arlen Speckman dies

IARbuzz.com Blog - Wed, 03/15/2017 - 4:16pm
Former Illinois REALTOR® Arlen Speckman died Wednesday in Kankakee. Speckman served as the 1990 Illinois REALTORS® president and the 1998 state REALTOR® of the Year. He was the Illinois REALTORS® 1985 District 5 vice president and was on the REALTORS® … Continue reading →

Fed raises interest rates, but impact not expected to be severe for homebuyers

IARbuzz.com Blog - Wed, 03/15/2017 - 2:51pm
The Federal Reserve, which had signaled interest rates were going to be ratcheted up, did just that on Wednesday, sending the benchmark short-term interest rate up a quarter of a percentage point. The short-term rate likely will have some implications … Continue reading →

REALTORS® delegation marketing state at largest real estate conference

IARbuzz.com Blog - Wed, 03/15/2017 - 2:16pm
Illinois REALTORS® Treasurer Dan Wagner interviews Jim Schultz, CEO of Intersect Illinois which helps market the state to foreign investors. Video produced by Matt Difanis, Illinois REALTORS´® president-elect.  Illinois REALTORS® have spent two full days meeting real estate investors from throughout the … Continue reading →

Morning Minute: Before you file your taxes, check these potential homeowner deductions

IARbuzz.com Blog - Wed, 03/15/2017 - 10:07am
If you are a homeowner, you might qualify for a number of tax deductions that could save you money on your final tax bill. In the article, “Your Home Tax Deduction Checklist: Did You Get Them All?” Realtor.com outlines potential … Continue reading →

Members-only video helps REALTORS® avoid social media mistakes

IARbuzz.com Blog - Tue, 03/14/2017 - 4:54pm
REALTORS® must properly identify their real estate business on Facebook, Twitter and other social media, according to the Illinois REALTORS® Professional Standards Toolkit Video, “Article 12 Compliance,” featuring President-elect Matt Difanis. “REALTORS® must – in a readily apparent manner, not … Continue reading →

5K REALTORS® need you to join fight against rent control too

IARbuzz.com Blog - Tue, 03/14/2017 - 3:18pm
More than 5,000 members of Illinois REALTORS® have submitted emails to their state representatives in the last eight days, asking them to reject House Bill 2430. But even more members need to join in if the bill is to be … Continue reading →

Consulate liaison Suvarnamani receives award

IARbuzz.com Blog - Tue, 03/14/2017 - 12:27pm
Nancy Suvarnamani, Broker/Owner of Century 21 S.G.R. in Chicago, and also the Illinois REALTOR® Consulate Liaison to the Royal Thai Consulate-General in Chicago received the Exemplary Community Service Award from the Asian American Coalition in Chicago last weekend. She is … Continue reading →

Morning Minute: Taking a closer look at the Gen X homebuyer

IARbuzz.com Blog - Tue, 03/14/2017 - 11:05am
Home purchases are picking up among Generation X consumers as more have built up equity and are ready for move up properties, according to the National Association of REALTORS®’ Home Buyer and Seller Generational Trends study. As home prices have … Continue reading →

Consolidated elections coming in three weeks: April 4

IARbuzz.com Blog - Tue, 03/14/2017 - 10:11am
Illinois consolidated elections will take place on Tuesday, April 4. The Illinois State Board of Elections can provide you with information that can help you prepare for those elections. Find out the location of your polling places by locating your … Continue reading →