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Morning Minute: More homeowners have positive equity in their homes

IARbuzz.com Blog - Mon, 03/10/2014 - 10:12am
As home prices have risen, so too has the number of U.S. homeowners who have regained positive equity in their homes. According to CoreLogic’s 2013 Equity Report, 4 million more homeowners returned to positive equity on their homes last year, … Continue reading →

Have questions about 2014 broker renewal? IAR has answers

IARbuzz.com Blog - Mon, 03/10/2014 - 9:00am
By April 30, 2014 Illinois Broker licensees must have completed the continuing education (CE) requirements and applied to renew their license through the Illinois Department of Financial and Professional Regulation (IDFPR). The Illinois Association of REALTORS® has created a 2014 … Continue reading →

Home Rule battle underway in Merrionette Park

IARbuzz.com Blog - Fri, 03/07/2014 - 12:19pm
Want a recipe for bad tax policy? Look no further than efforts by local municipalities to implement Home Rule status. Merrionette Park is the latest community to try this approach, and IAR is working to help defeat the measure. Home … Continue reading →

Let’s Talk Real Estate meeting held with U.S. Rep. Randy Hultgren, Illinois REALTORS®

IARbuzz.com Blog - Fri, 03/07/2014 - 12:18pm
Illinois REALTORS® had breakfast Friday (March 7, 2014) with U.S. Rep. Randy Hultrgren, who represents Illinois’ 14th Congressional District. Hultgren met with REALTORS® as part of the ongoing Let’s Talk Real Estate series of gatherings where IAR members discuss with … Continue reading →

Were you there at Let’s Talk Real Estate?

IARbuzz.com Blog - Fri, 03/07/2014 - 12:18pm
Check out IAR’s gallery of photos from Friday’s meeting with U.S. Randy Hultgren in Batavia, Ill. Hultgren represents the 14th Congressional District, and is one of many representatives to meet with Illinois REALTORS®.

Open the door to your real estate future by applying for a REEF academic scholarship by April 1

IARbuzz.com Blog - Fri, 03/07/2014 - 9:00am
Applications for the Illinois Real Estate Educational Foundation’s (REEF) Academic scholarships must be submitted by April 1, 2014. Click here to learn more and download an application. REEF awards scholarships to students of real estate and related fields of study … Continue reading →

Morning Minute: Mortgage rates move down this week

IARbuzz.com Blog - Thu, 03/06/2014 - 12:17pm
Fixed mortgage rates dropped this week to 4.28 percent for 30-year, fixed-rate while the 15-year-fixed rate averaged 3.32 percent, also a decline, Freddie Mac reported today. Mortgage rates reversed course on news of slower economic and job growth, according to … Continue reading →

REALTOR® Debbie Prodehl latest IAR RPAC Ambassador

IARbuzz.com Blog - Thu, 03/06/2014 - 10:57am
Congratulations to REALTOR® Debbie Prodehl,  of Coldwell Banker Honig-Bell in Homer Glen, the second REALTORS® Political Action Committee (RPAC) Points of Light Ambassador for 2014! The “1,000 Points of Light” RPAC Ambassador campaign is a new initiative aimed at increasing awareness of … Continue reading →

Let’s Talk Real Estate with U.S. Rep. Jan Schakowsky

IARbuzz.com Blog - Thu, 03/06/2014 - 9:00am
On Monday, March 10, the Illinois Association of REALTORS® is holding the latest installment of its Let’s Talk Real Estate with Congresswoman Schakowsky, who represents the state’s 9th Congressional District in the Chicago area. Schakowsky, who was first elected to … Continue reading →

Morning Minute: U.S. home price appreciation continues to rise

IARbuzz.com Blog - Wed, 03/05/2014 - 12:21pm
In January, U.S. home prices rose 12 percent compared to last year and marked 23 consecutive months of annual gains, according to CoreLogic’s latest Home Price Index, HousingWire reports. “Excluding distressed sales, all 50 states and the District of Columbia showed … Continue reading →

House passes Flood Bill legislation; measure aims to help homeowners

IARbuzz.com Blog - Wed, 03/05/2014 - 9:57am
The U.S. House of Representatives voted to pass legislation that would dramatically lower insurance premiums for millions of homeowners. The measure passed 309-91, and it now moves to the Senate where a vote could come within the week. According to … Continue reading →

Register for Friday’s Let’s Talk Real Estate event with U.S. Rep. Hultgren

IARbuzz.com Blog - Tue, 03/04/2014 - 2:02pm
Don’t miss out on your chance to meet U.S. Rep. Randy Hultgren this Friday and talk about what is going on in the housing market and the federal policies that could affect the industry. On Friday, March 7, the Illinois … Continue reading →

Check out IAR’s list of Opportunity Races here

IARbuzz.com Blog - Mon, 03/03/2014 - 9:59am
The Illinois Association of REALTORS® and the REALTORS® Political Action Committee (RPAC) are involved in 10 “Opportunity Races” for the March 18 Illinois Primary. These are races for local office including one REALTOR® Mark Batinick (97th District) who is running for an open … Continue reading →

Article highlights IAR’s work on concealed carry policy for members

IARbuzz.com Blog - Mon, 03/03/2014 - 9:34am
The Chicago Tribune has a story this morning about an IAR Task Force recommendation that Illinois real estate brokerages consider implementing a policy regarding concealed carry. The paper notes the association generated a suggested disclosure policy in response the state law … Continue reading →

Flood insurance fix needed to maintain housing affordability

IARbuzz.com Blog - Sun, 03/02/2014 - 10:03am
For many, the issue of flood insurance has created almost as much havoc as a flood itself.  Issues such as mis-priced actuarial rates and extraordinary premium increases have resulted in unintended consequences such as property sales that do not close, … Continue reading →

NAR: REALTORS® oppose tax reform proposal that could hurt consumers and homeowners

IARbuzz.com Blog - Fri, 02/28/2014 - 11:32am
REALTORS® are speaking out against a new federal tax reform proposal that would scale back several tax deductions available to taxpayers including limits on the mortgage interest deduction (MID), which benefits many middle- and lower-class homeowners. “We are extremely disappointed … Continue reading →

Concealed Carry sample policy and forms available for IAR members

IARbuzz.com Blog - Thu, 02/27/2014 - 3:29pm
Illinois recently became the final state in the U.S. to allow residents to carry concealed firearms. The question for managing brokers is how to respond to the policy, which raises questions about safety and liability. IAR organized a task force … Continue reading →

Morning Minute: Despite rising home prices, it’s still cheaper to buy than rent in major U.S. cities

IARbuzz.com Blog - Thu, 02/27/2014 - 11:23am
Buying a home still beats renting in all 100 large U.S. metros, according to a new Rent vs. Buy Report from Trulia. In fact, in Chicago it is 47 percent cheaper to buy a home compared to renting while in St. Louis, it … Continue reading →

Register now to take part in IAR’s Habitat project

IARbuzz.com Blog - Wed, 02/26/2014 - 12:44pm
IAR President Phil Chiles has a challenge for Illinois REALTORS®: Build three Habitat for Humanity homes by the end of 2014. The first Habitat build will be in Murphysboro, Ill., beginning April 4. Another build is scheduled for May 19 … Continue reading →