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Morning Minute: Brexit brings lower mortgage rates in U.S.

IARbuzz.com Blog - Wed, 06/29/2016 - 9:09am
One outcome of Britain’s vote to leave the European Union last week has been lower mortgage interest rates here in the U.S., realtor.com reports. In the blog post, “Thanks, Brexit! Well-Qualified U.S. Buyers Reap a Windfall,” realtor.com Chief  Economist Jonathan … Continue reading →

Illinois REALTORS® — Show us your flag and your spirit!

IARbuzz.com Blog - Tue, 06/28/2016 - 3:54pm
With Memorial Day and Flag Day already behind us, do you have any photos with the American flag like local Governmental Affairs Director Howard Handler and his daughter Eloise? Have you decorated your office red, white and blue or do … Continue reading →

Morning Minute: New low down payment program for Chicago homebuyers

IARbuzz.com Blog - Tue, 06/28/2016 - 10:12am
Qualifying Chicago homebuyers will be able to take advantage of a mortgage loan program with a 1 percent down payment being offered through a partnership of Guaranteed Rate, the city of Chicago and Chicago Infrastructure Trust. The Chicago Home Buyer … Continue reading →

NAR provides guidance on new HUD rule related to criminal history screening for rental applicants

IARbuzz.com Blog - Tue, 06/28/2016 - 8:45am
For a better understanding of the policies and procedures landlords can safely use to check the criminal history of housing applicants, the National Association of REALTORS® offers a list of recommended ideas based on information supplied by the U.S. Department … Continue reading →

Illinois REALTORS® learn about an important asset

IARbuzz.com Blog - Mon, 06/27/2016 - 2:38pm
Dennis Wilmsmeyer, the Executive Director of America’s Central Port, reminded a group of Illinois REALTORS® of the state’s benefits to domestic and foreign investors, including its status as a designated trade zone. Wilmsmeyer made his remarks to the Commercial and Industrial Committee … Continue reading →

More Illinois REALTORS® needed to answer condo Call For Action

IARbuzz.com Blog - Mon, 06/27/2016 - 1:39pm
Two weeks after the National Association of REALTORS® issued a Call For Action on H.R. 3700, several local Illinois associations have met their goals but more REALTORS® need to tell their Senators to vote for this important legislation. Taxpayers, homebuyers … Continue reading →

Morning Minute: Top reasons you shouldn’t go it alone when buying or selling a home

IARbuzz.com Blog - Mon, 06/27/2016 - 9:37am
Thinking about buying or selling a home this summer? A new article from Inman, “10 reasons you should never buy or sell without an agent,” outlines the many reasons why you will want to work with a real estate professional … Continue reading →

REALTORS® ride their own paths to defeat cancer

IARbuzz.com Blog - Mon, 06/27/2016 - 8:00am
Not all of the Chicagoland Riding REALTORS® have met, but as they ride their bicycles during the month of June, they are unified in their cause – to raise money for the Children’s Cancer Research Fund through Great Cycle Challenge … Continue reading →

RPAC goal-setting, recognition kicked off eventful week for REALTORS®

IARbuzz.com Blog - Sat, 06/25/2016 - 10:03am
With one eye on the future and another on their recent accomplishments, Illinois REALTORS® gathered in Springfield this week for the June Business Meetings. At the “Let’s Make Goal: RPIC + RPAC + REALTOR® Party” session, members discussed strategies to … Continue reading →

July edition of Illinois REALTOR® is on the way!

IARbuzz.com Blog - Fri, 06/24/2016 - 4:34pm
The July issue of Illinois REALTOR® should arrive in your mailbox this week, and with it will be photos and stories that celebrate the history of our support for professional development of our members. Photos of past events will take … Continue reading →

Morning Minute: Brexit and the impact on mortgage rates

IARbuzz.com Blog - Fri, 06/24/2016 - 9:57am
One impact from “Brexit” or Britain’s vote Thursday to leave the European Union could be a drop in mortgage rates in the U.S. as global financial markets react to the news, the Washington Post reports this morning in “How Brexit … Continue reading →

Morning Minute: May Illinois home sales and price gains making news

IARbuzz.com Blog - Thu, 06/23/2016 - 11:22am
The Illinois housing market was in full bloom in May with more homes selling than last year at this time and at a higher average state median price. In May, statewide home sales totaled 16,150 units sold, a 6.0 percent … Continue reading →

More photos from the 2016 REALTOR® of the Year Banquet

IARbuzz.com Blog - Thu, 06/23/2016 - 9:41am
The 35th Annual REALTOR® of the Year Banquet was held at the Abraham Lincoln Presidential Museum in Springfield, with REEF Vice President Sue Miller as Master of Ceremonies. In addition to recognizing Chris Read as REALTOR® of the Year, 25 … Continue reading →

Illinois REALTORS® board approves sponsoring roles at July political conventions

IARbuzz.com Blog - Wed, 06/22/2016 - 5:11pm
Illinois REALTORS will play a role in sponsoring events at the Republican and Democratic part conventions this summer. The association’s board of directors voted unanimously to approve expenditures for a reception for Illinois’ state and federal delegation at the Republican National … Continue reading →

Bicentennial committee meets: Looks at ways to celebrate landmark event

IARbuzz.com Blog - Wed, 06/22/2016 - 4:46pm
A panel of Illinois REALTORS® met to help the association plan events centered on Illinois’ 200th anniversary in 2018. Led by REALTOR® Vicky Turner of Dixon, the Illinois Bicentennial Task Force will look at how to highlight the important role housing has … Continue reading →

Celebrating Read as 2016 REALTOR® of the Year

IARbuzz.com Blog - Wed, 06/22/2016 - 8:45am
Naperville REALTOR® Chris Read garnered the spotlight Tuesday night at the 35th Annual REALTOR® of the Year Banquet at the Abraham Lincoln Presidential Museum in Springfield. (Photos courtesy of Terry Farmer.) Read was recognized as the Illinois REALTORS®’ 2016 REALTOR® … Continue reading →

May brings strong growth to Illinois home sales and prices

IARbuzz.com Blog - Wed, 06/22/2016 - 8:36am
SPRINGFIELD, Ill. — The year’s housing market momentum continues with Illinois home sales and prices posting robust gains in May, according to the Illinois REALTORS®. Statewide home sales (including single-family homes and condominiums) in May 2016 totaled 16,150 homes sold, … Continue reading →

May brings strong growth to Illinois home sales and prices

IAR News - Tue, 06/21/2016 - 8:40pm
Date:  June 22, 2016 Intro: 

The year’s housing market momentum continues with Illinois home sales and prices posting robust gains in May. 

FOR RELEASE: June 22, 2016

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

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BPOs, CMAs and more reviewed at Business Issues & License Law Forum

IARbuzz.com Blog - Tue, 06/21/2016 - 6:45pm
Broker Price Opinions (BPOs), Comparative Market Analyses (CMAs) and the nuances of affiliated business arrangements were just a few of the topics discussed Tuesday afternoon during the Business Issues & License Law Forum at Illinois REALTORS® June Business Meetings in … Continue reading →

FAA releases long-awaited rules for operating drones

IARbuzz.com Blog - Tue, 06/21/2016 - 4:55pm
The Federal Aviation administration has just released new rules on operating drones, ending several years of deliberation on how to handle the popular devices. According to the new rules, as outlined in USA Today. Commercial drones weighing up to 55 … Continue reading →