Feed aggregator

Morning Minute: Why this summer is a strong one for home sellers

IARbuzz.com Blog - Mon, 07/27/2015 - 10:02am
In a recent video, RealtyTrac Vice President Daren Blomquist outlined some of the reasons this year is a good one to sell including: stronger demand from buyers; less competition from other sellers, particularly those with distressed properties; and higher home … Continue reading →

Eliminating real estate like-kind exchanges would drive down transactions and property values

IARbuzz.com Blog - Fri, 07/24/2015 - 3:22pm
Any effort by Congress to repeal like-kind property exchanges, would have negative impacts on the real estate industry, according to a survey, “Like-Kind Exchanges: Real Estate Market Perspectives 2015,” from the National Association of REALTORS® (NAR). Like-kind exchanges under Internal … Continue reading →

Morning Minute: FHA loans gaining favor with more homebuyers

IARbuzz.com Blog - Fri, 07/24/2015 - 9:42am
The number of consumers using Federal Housing Administration (FHA) loans to buy a home was on the rise this spring. RealtyTrac’s June and Midyear 2015 U.S. Home Sales Report found that FHA buyers made up 23 percent of homebuyers in … Continue reading →

Morning Minute: Illinois June housing gains in the news

IARbuzz.com Blog - Thu, 07/23/2015 - 11:19am
The Illinois housing market sustained its strong momentum in June with 17,972 homes sold, a 12.5 percent jump in sales and an 8.5 percent increase in the statewide median price to $194,243, according to the latest release from the Illinois … Continue reading →

Strong housing momentum continues in June with double-digit gains in Illinois home sales

IAR News - Tue, 07/21/2015 - 3:56pm
Date:  July 22, 2015 Intro: 

Illinois home sales in June surged 12.5 percent higher than last year while median prices also saw strong gains.

FOR RELEASE: July 22, 2015

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

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REALTORS® learn how to increase political involvement at IAR event

IARbuzz.com Blog - Tue, 07/21/2015 - 11:05am
  Nearly 100 Illinois REALTORS® were taking part in a full day of training on Tuesday, July 21, 2015, to help generate political involvement at the local association level. The REALTOR® Political Involvement Committee Strategic Planning Session at IAR’s Springfield … Continue reading →

Mark your calendar for Oct. 5 REbarcamp; it’s free

IARbuzz.com Blog - Tue, 07/21/2015 - 8:25am
They say the best things in life are free. When it comes to REbarcamp Illinois, we certainly think so! This half-day educational program is no ordinary event—you pay no registration fee, there are no paid speakers and there are no limits on what you … Continue reading →

DR Legal News: Commercial brokerage loses ‘slander of title’ countersuit

IARbuzz.com Blog - Mon, 07/20/2015 - 10:22am
In the July edition of D.R. Legal News, a commercial real estate brokerage firm lost a case in Michigan and more than $20,000 in litigation costs after refusing to release a broker’s lien. It’s just one of six case studies … Continue reading →

Harvard researchers predict increased home improvement spending

IARbuzz.com Blog - Thu, 07/16/2015 - 5:00pm
The recent rise in home sales and rising home prices across the country will probably lead to increases in home improvement spending, the Harvard Joint Center for Housing Studies (JCHS) announced Thursday. In the “Housing Perspectives” blog, Harvard JCHS Research … Continue reading →

RealtyTrac says foreclosures down 4 percent during first half of 2015

IARbuzz.com Blog - Thu, 07/16/2015 - 4:25pm
During the first six months of 2015, foreclosure filings in the United States were the lowest since 2006 and the number of foreclosures started was 4 percent less than the same period in 2014, RealtyTrac reported today. According to a … Continue reading →

Morning Minute: Homeowner equity is moving higher

IARbuzz.com Blog - Thu, 07/16/2015 - 10:57am
More U.S. homeowners are gaining positive equity in their homes as prices climb higher, according to research from the National Association of REALTORS® (NAR). Home equity has been steadily improving since the recession and the latest NAR Economists’ Outlook blog … Continue reading →

Broker post-license webinar less than 2 weeks away

IARbuzz.com Blog - Thu, 07/16/2015 - 8:30am
July 28 and 29 are the last scheduled dates until October for the Broker Post-license Applied Real Estate Practices 15-hour webinar, so don’t let your summer slip away, register today! If you are a broker who was licensed after Feb. 1, 2014, … Continue reading →

CoreLogic study shows delinquencies, foreclosures down

IARbuzz.com Blog - Wed, 07/15/2015 - 2:46pm
A nationwide report by CoreLogic indicates that in almost every state, fewer homeowners are more than 90 days behind on their mortgage payments or in foreclosure than they were in 2014, according to a story by Inman.com yesterday. In its … Continue reading →

REALTORS® providing housing aid for June tornado victims

IAR News - Tue, 07/14/2015 - 2:23pm
Date:  July 14, 2015 Intro: 

Illinois REALTORS® and their national colleagues are offering financial assistance to those in areas affected by the June 22 tornadoes in northern Illinois. 

FOR RELEASE: July 14, 2015

For Further Information Contact: Jon Broadbooks, 217-529-2600

REALTORS® providing housing aid for June tornado victims

SPRINGFIELD, Ill. — Illinois REALTORS® and their national colleagues are offering financial assistance to those in areas affected by the June 22 tornadoes in northern Illinois.

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D.R. Legal News: 6 things you need to know about TRID

IARbuzz.com Blog - Tue, 07/14/2015 - 10:30am
IAR members who are designated realtors® for their real estate office can check their email for the July issue of D.R. Legal News and the story about TRID, otherwise known as the new integrated disclosure rule. The latest proposal by … Continue reading →

REALTORS® can support Move for Hunger

IARbuzz.com Blog - Mon, 07/13/2015 - 11:27am
If you’re looking for a new way to strengthen your community involvement, ask your local REALTOR® association to consider a partnership with Move for Hunger. This nationwide, non-profit organization helps local food pantries get unopened, non-perishable food through cooperation of … Continue reading →

More than 2,500 answer Ad Tax Call for Action; have you?

IARbuzz.com Blog - Mon, 07/13/2015 - 10:23am
Illinois REALTORS® are answering a Call for Action urging Illinois policymakers to make sure a 10 percent sales tax on advertising and related services never gains traction. (Take part here). As of Monday morning, 2,531 IAR members have sent more than … Continue reading →

REALTORS® discuss real estate issues, economy with local government officials

IARbuzz.com Blog - Mon, 07/13/2015 - 9:18am
Country Club Hills Mayor James Ford, IAR Local GAD Tom Joseph and three members of the Government Affairs Committee for Mainstreet Organization of REALTORS® came together with a pair of other local government officials for a roundtable discussion about municipal … Continue reading →

Morning Minute: Mortgage rates fall lower this week

IARbuzz.com Blog - Fri, 07/10/2015 - 9:59am
Freddie Mac reported this week that fixed mortgage interest rates dipped this week amid global financial uncertainty. The 30-year, fixed-rate mortgage averaged 4.04 percent while the 15-year, fixed-rate mortgage averaged 3.20 percent. Both are lower than last week as well … Continue reading →