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Illinois median home prices increase 7.6 percent in April, home sales decrease 7.8 percent amid tight inventories

IAR News - Wed, 05/21/2014 - 2:34pm
Date:  May 21, 2014 Intro: 

Illinois home sales decreased 7.8 percent over previous-year levels in April while median prices increased 7.6 percent, according to the Illinois Association of REALTORS®. 

FOR RELEASE: May 22, 2014

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

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Morning Minute: Commercial real estate market continues to rebound

IARbuzz.com Blog - Wed, 05/21/2014 - 12:03pm
U.S. commercial real estate continues to improve with steady gains in prices and transaction activity so far in 2014, according to an analysis from CoStar Commercial Repeat Sale Indices. Sales volume rose 33 percent annually in the first quarter of … Continue reading →

Walls go up on Springfield Habitat project; see the results in new video

IARbuzz.com Blog - Tue, 05/20/2014 - 12:54pm
Illinois REALTORS® and its partners from Wells Fargo Bank put up the walls of a new Habitat for Humanity home in Springfield. The house on East Enterprise Street, is one of three the association is building this year in Illinois. … Continue reading →

Morning Minute: Freddie Mac’s take on lower housing inventory

IARbuzz.com Blog - Tue, 05/20/2014 - 11:31am
One factor that is shaping the 2014 housing market is the low inventory of available existing homes for sale. In fact, Freddie Mac experts say U.S. housing inventory, when compared to the number of households, is at a 30-year low, … Continue reading →

Sheryl Grider Whitehurst elected to regional NAR post

IARbuzz.com Blog - Tue, 05/20/2014 - 11:15am
Congratulations to Illinois REALTOR® Sheryl Grider Whitehurst on being elected Vice President of Region 7 for the National Association of REALTORS® (NAR). Region 7 includes Illinois, Indiana and Wisconsin. Whitehurst, Managing Broker and Development & Operations Coordinator with Traders Realty … Continue reading →

Will County code change vote doesn’t include costly fire sprinkler mandate

IARbuzz.com Blog - Tue, 05/20/2014 - 8:58am
A multi-year effort to make sure that a fire sprinkler mandate was not part of changes to the building code used in Will County proved successful. The Will County Board voted 25-0 on May 15 to adopt the new codes, … Continue reading →

Act now on IAR’s Call for Action on SB 2664 and HB 4609!

IARbuzz.com Blog - Mon, 05/19/2014 - 3:00pm
Illinois REALTORS®, we need your help urging state lawmakers to vote ‘YES’ on important legislation protecting buyers of foreclosed condos and consumers from the establishment of fire sprinkler mandates by administrative rule. If you haven’t yet, participate in IAR’s Call … Continue reading →

Springfield Habitat build launches; volunteers still needed

IARbuzz.com Blog - Mon, 05/19/2014 - 1:40pm
Illinois REALTORS® began building a house for Habitat for Humanity in Springfield Monday, May 19, 2014, as part of a plan to build three houses for the charity this year. IAR President Phil Chiles, who came up with the idea … Continue reading →

In Case You Missed It: Top IARbuzz blog posts from last week

IARbuzz.com Blog - Mon, 05/19/2014 - 11:30am
In case you missed it, here are four of the top IARbuzz blog posts from last week: NAR shines spotlight on IAR’s Let’s Talk Real Estate program –  The Illinois Association of REALTORS® meeting series that brings REALTORS® together with … Continue reading →

NAR shines spotlight on IAR’s Let’s Talk Real Estate program

IARbuzz.com Blog - Fri, 05/16/2014 - 2:56pm
The Illinois Association of REALTORS® meeting series, “Let’s Talk Real Estate,” is featured in a recent REALTOR® Magazine article, “Capitol Hill Comes to Illinois REALTORS®.” Since last summer, the popular program has allowed Illinois REALTORS® to meet face-to-face with their … Continue reading →

Video: See all the action from IAR’s Capitol Hill visits

IARbuzz.com Blog - Fri, 05/16/2014 - 1:04pm
Illinois REALTORS® spent part of their week making the case for sound housing policy during visits to Capitol Hill. Association members met with staff members for the state’s congressional delegation, and ha a breakfast meeting with U.S. Sen. Dick Durbin.

Video: Illinois REALTORS® on Capitol Hill 2014

IARbuzz.com Blog - Fri, 05/16/2014 - 11:58am
Members of the Illinois Association of REALTORS® headed to Capitol Hill to push for sound housing policy as part of the annual REALTOR® Party Convention and Expo, May 12-17, 2014. #PowerofR #RPCTE

Morning Minute: Economy, housing market expected to gradually improve into 2015

IARbuzz.com Blog - Fri, 05/16/2014 - 10:52am
Severe winter weather got 2014 off to a slow start, but improving employment numbers, a strengthening economy and pent-up homebuyer demand bodes well for stronger housing activity and the overall economy, said industry experts at this week’s REALTOR® Party Convention … Continue reading →

IAR lobbyists are fighting for you in the final weeks of legislative session

IARbuzz.com Blog - Thu, 05/15/2014 - 5:19pm
With a scheduled adjournment date of May 31, the Illinois General Assembly is heading into the final stretch of the spring session and Illinois Association of REALTORS® (IAR) lobbyists are working on key bills that affect the industry and your … Continue reading →

You Say You’re #1? Prove It

IARbuzz.com Blog - Thu, 05/15/2014 - 12:45pm
There seems to be an increase in complaint activity as it relates to real estate licensees making claims in their advertising that they are “number one.” It is important for real estate licensees and the managing brokers charged with oversight … Continue reading →

Morning Minute: U.S. mortgage delinquencies continue to fall; now at 2007 level

IARbuzz.com Blog - Thu, 05/15/2014 - 11:40am
The number of Americans who have fallen behind on their mortgage payments has fallen to the lowest level in six years, according to a new report from the Mortgage Bankers Association (MBA). The delinquency rate fell to 6.11 percent of all … Continue reading →

Scenes from Illinois REALTOR® Visits to Capitol Hill

IARbuzz.com Blog - Thu, 05/15/2014 - 11:07am
Illinois REALTORS® and Illinois Federal Political Coordinators (FPCs) are out in force this week in Washington, D.C., as they continue to meet with legislative staff for members of Congress including: U.S. Reps. Mike Quigley, Randy Hultgren, John Shimkus, Adam Kinzinger, … Continue reading →

Illinois REALTORS® meet with U.S. Sens. Durbin and Kirk

IARbuzz.com Blog - Wed, 05/14/2014 - 4:18pm
Illinois REALTORS® met with U.S. Sen. Dick Durbin, D-Ill., this morning as part of IAR’s “Let’s Talk Real Estate” program. The key federal issues REALTORS® are advocating for this year include promoting the Marketplace Fairness Act, preserving the Mortgage Interest Deduction, … Continue reading →

Photo highlights of Illinois REALTORS® in Washington, D.C.

IARbuzz.com Blog - Wed, 05/14/2014 - 12:48pm
It is a busy week of meetings on Capitol Hill — including a morning meeting today with U.S. Sen. Dick Durbin — for Illinois REALTORS® who are in Washington, D.C., for the REALTOR® Party Convention & Trade Expo. #PowerofR  #RPCTE

Federal Political Coordinators get ready for trips to Capitol Hill

IARbuzz.com Blog - Tue, 05/13/2014 - 4:32pm
IAR has members who serve as liaisons with congressional representatives, and this special group of people gathered for a kickoff Tuesday, May 13, 2014 in Washington, D.C. The meeting covered a variety of issues of interest to REALTOR® members, including … Continue reading →