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Morning Minute: Mortgage interest rates experience slight uptick, remain low overall

IARbuzz.com Blog - Thu, 07/28/2016 - 9:48am
Freddie Mac reports today that fixed mortgage rates climbed slightly higher this week to 3.48 percent for a 30-year fixed, but continue to hover near historic lows. The 15-year fixed rate averaged 2.78 percent. Read Freddie Mac’s news release. “The … Continue reading →

Congressman Bill Foster to host Aug. 4 discussion on FHA appraisals

IARbuzz.com Blog - Wed, 07/27/2016 - 3:09pm
Illinois REALTORS® are encouraged to attend an Aug. 4 discussion with Congressman Bill Foster on the topic of Federal Housing Administration (FHA) appraisals and mortgage insurance. Register now to attend this free event at 10 a.m., Thursday, Aug. 4 at … Continue reading →

Morning Minute: U.S. pending home sales up slightly in June

IARbuzz.com Blog - Wed, 07/27/2016 - 10:20am
The National Association of REALTORS® (NAR) reports today that its Pending Home Sales Index, which tracks contract signings, moved marginally higher in June with a 0.2 percent increase compared to the month before. Tight housing inventory and rising prices are … Continue reading →

Morning Minute: Consumers maintain their confidence

IARbuzz.com Blog - Tue, 07/26/2016 - 11:25am
A comparison of what Americans bought and watched thus far in July has nearly stayed the same as last month, reported Housing Wire today. The story, titled “Consumers’ optimism holds steady in July,” quoted the Conference Board’s Consumer Confidence Index … Continue reading →

Day 2 at the DNC: State delegation meets in Philadelphia

IARbuzz.com Blog - Tue, 07/26/2016 - 9:51am
PHILADELPHIA –Illinois REALTORS® delegation to the Democratic National Convention in Philadelphia attended a reception Monday night and the state breakfast this morning. The association sends REALTORS® to both conventions as a matter of policy each presidential election cycle. Last week many of … Continue reading →

Morning Minute: Chicago makes list of top cities for real estate investors

IARbuzz.com Blog - Mon, 07/25/2016 - 10:43am
Thinking about investing in real estate? Then Chicago would be a good bet since it ranked as the No. 4 U.S. metro when it comes to first-year home price appreciation for those who will be looking to sell later, according … Continue reading →

IHDA to reopen foreclosure prevention program

IARbuzz.com Blog - Mon, 07/25/2016 - 10:08am
Starting Aug. 1, homeowners who have experienced at least a 15 percent drop in income through no fault of their own and need help paying their mortgage can apply for federal assistance from the Hardest Hit Fund Program. According to … Continue reading →

Round two: Illinois REALTORS® head to Philadelphia for the DNC

IARbuzz.com Blog - Mon, 07/25/2016 - 9:48am
Illinois REALTORS® are in Philadelphia today for the opening hours of the Democratic National Convention and the association is sponsoring a reception tonight for the state’s political delegation. The visit to Philadelphia comes after association members played a role in … Continue reading →

Search helps Patterson choose her own charitable path

IARbuzz.com Blog - Mon, 07/25/2016 - 8:00am
In 2003, Alisa Patterson needed a job with a flexible schedule so she could help care for her young children and her cancer-stricken father. Not only did that search get her started in real estate, but it enabled her to … Continue reading →

Housing policy, advocacy take REALTORS® to Cleveland and DC during past week

IARbuzz.com Blog - Sat, 07/23/2016 - 10:17am
Finding safe and comfortable housing for the homeless should come before tackling job training, drug addiction, mental health and other related issues, said Matthew Doherty, the Executive Director of the U.S. Interagency Council on Homelessness. His comments came as part of the … Continue reading →

July marks beginning of Census Bureau changes advocated by Silvano, AREAA

IARbuzz.com Blog - Fri, 07/22/2016 - 11:00am
Thanks to the actions of Chicago REALTOR® Vicky Silvano and colleagues from the Asian Real Estate Association of America (AREAA), this is the first month the United States Census Bureau will collect distinct data on Asian American and Pacific Islanders … Continue reading →

Join Illinois REALTORS® Consulate General Liaison program

IARbuzz.com Blog - Fri, 07/22/2016 - 10:17am
Do you have an interest in international real estate and have connections to one of the many countries represented in the diplomatic community in the state? Illinois REALTORS® is looking for qualified members who have the connections to tell the … Continue reading →

Morning Minute: Mortgage interest rates climbed slightly higher this week

IARbuzz.com Blog - Fri, 07/22/2016 - 10:07am
Fixed mortgage rates rose slightly this week with the 30-year, fixed-rate mortgage rate averaging 3.45 percent, an increase from 3.42 percent a week ago, Freddie Mac reported this week. The 15-year fixed rate rose from 2.72 percent to 2.75 percent … Continue reading →

Final stretch: Illinois REALTORS® to hear Trump speak at RNC on final night

IARbuzz.com Blog - Thu, 07/21/2016 - 5:46pm
Illinois REALTORS® had a (nearly) front-row seat for one of the most-talked about speeches of the night on Wednesday at the Republican National Convention, that of former presidential candidate and Texas Sen. Ted Cruz. And they will attend the session … Continue reading →

Illinois housing market shows solid performance in first half of 2016

IARbuzz.com Blog - Thu, 07/21/2016 - 12:15pm
The Illinois housing market is shaping up to have a strong year of growth in 2016. We’re six months into the year and statewide home sales and prices are outpacing last year. Share this infographic and read more about the latest … Continue reading →

Illinois home sales, prices climb higher in June and first half of 2016

IARbuzz.com Blog - Thu, 07/21/2016 - 8:37am
Homebuyer demand drove sales and prices higher in June and marked a strong first half of the year for the Illinois housing market, according to Illinois REALTORS®. Statewide home sales (including single-family homes and condominiums) in June 2016 totaled 18,593 … Continue reading →

Illinois home sales, prices climb higher in June and first half of 2016

IAR News - Wed, 07/20/2016 - 4:21pm
Date:  July 21, 2016 Intro: 

Homebuyer demand drove sales and prices higher in June and marked a strong first half of the year for the Illinois housing market.

FOR RELEASE: July 21, 2016

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

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Day three: Floor passes again!

IARbuzz.com Blog - Wed, 07/20/2016 - 2:27pm
  Illinois REALTORS® in Cleveland for the Republican National Convention will get a great vantage point for tonight’s festivities featuring vice presidential nominee Mike Pence. At every convention, there’s a bit of trading with various organizations to get passes. So … Continue reading →

Tackling homelessness: a federal agency you likely never heard of

IARbuzz.com Blog - Tue, 07/19/2016 - 5:12pm
Matthew Doherty wants REALTORS® to know that their efforts to help end homelessness count. The executive director of the U.S. Interagency Council on Homelessness (USICH) spoke at the National Association of REALTORS®’ “Housing for All” symposium in Washington, DC this … Continue reading →

From the floor: What it’s like at the Republican National Convention

IARbuzz.com Blog - Tue, 07/19/2016 - 10:46am
  The days start early and end late, but it’s a small price to pay for getting a first-hand look at a National Political Convention. Illinois REALTOR® Blog caught up with President Mike Drews as he was about to go … Continue reading →