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Morning Minute: Strong economic growth could help housing in 2015

IARbuzz.com Blog - Tue, 12/30/2014 - 11:06am
An improving economy could bring good news to the housing industry in the coming year reports CNBC in today’s “Perfect economic mix set to boost housing in 2015.” Economic growth coupled with low interest rates could signal a stronger year … Continue reading →

2014 Top Stories: mortgage burning, ROTY get mentions

IARbuzz.com Blog - Mon, 12/29/2014 - 5:21pm
How do your choices for most important IARbuzz stories of 2014 compare with the those selected by the IAR Communications staff? Today consider these three honorable mentions: Webinar Part II: 6 more reasons to listen in – Dec. 22 discussion … Continue reading →

Are you in IAR’s Year in Review video?

IARbuzz.com Blog - Sun, 12/28/2014 - 4:41pm
  From Washington, D.C., to Chicago to Springfield, Illinois REALTORS® were busy in 2014. See images from the year in this quick video featuring some of the association’s 43,000 members.

IAR offices closed Thursday and Friday for Christmas holiday

IARbuzz.com Blog - Wed, 12/24/2014 - 1:00pm
The Illinois Association of REALTOR® offices in Springfield will be closed Thursday, Dec. 25 and Friday, Dec. 26 in observance of Christmas. IAR offices will reopen at 8:30 a.m. Monday, Dec. 29.

How about real estate forms under the tree this holiday?

IARbuzz.com Blog - Wed, 12/24/2014 - 9:00am
Want to get that perfect something for the REALTOR® on your holiday gift list? Maybe that REALTOR® is you. How about the latest forms for 2014, all updated and ready to go. IAR has updated forms and now provides them … Continue reading →

IAR staff raises more than $1,000 for family of four

IARbuzz.com Blog - Tue, 12/23/2014 - 2:35pm
A needy Springfield mother and her three young children will receive all the items on their holiday wish list – and more – thanks to the generosity of IAR staff members in Springfield. IAR staff members collected money and gifts … Continue reading →

Will tax rates be changing where you live?

IARbuzz.com Blog - Tue, 12/23/2014 - 12:10pm
With the start of each New Year, tax rates change, and in Illinois, REALTORS® will notice a change in the state income tax and some local sales tax rates. According to information from the Illinois Retail Merchants Association, starting Jan. … Continue reading →

Infographic: Illinois Housing at a Glance for November 2014 #IARMarketStats

IARbuzz.com Blog - Mon, 12/22/2014 - 5:00pm
The Illinois housing market saw November median prices rise 6.9 percent over previous-year levels while statewide home sales decreased 9.5 percent for the same period, according to the latest housing release from the Illinois Association of REALTORS®. Share a new … Continue reading →

Illinois median home prices increase 6.9 percent in November; Sales decline 9.5 percent

IAR News - Mon, 12/22/2014 - 3:35pm
Date:  December 22, 2014 Intro: 

The Illinois housing market saw November median prices rise 6.9 percent over previous-year levels while statewide home sales decreased 9.5 percent for the same period.

FOR RELEASE: December 22, 2014

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

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REALTOR’s family and friends give back, too

IARbuzz.com Blog - Mon, 12/22/2014 - 11:48am
Chicago REALTOR® Erika Villegas read a recent IARbuzz story about REALTORS® and their local associations giving back to their communities, and she decided to share the story of her family and friends. Villegas, who works at ERA Mi Casa on … Continue reading →

Webinar Part II: 6 more reasons to listen in

IARbuzz.com Blog - Mon, 12/22/2014 - 10:45am
Following the discussion of medical marijuana at Thursday’s Legal Webinar, Betsy Urbance, IAR Legal Hotline Attorney, summarized six recent legal developments important to members, too. Urbance briefly discussed: A private mortgage insurance deduction The extension of Mortgage Debt Forgiveness Tax … Continue reading →

Morning Minute: Baby Boomers becoming a force in home buying and building

IARbuzz.com Blog - Fri, 12/19/2014 - 11:55am
Many are expecting Baby Boomers to be the next wave when it comes to housing demand and those in the housing industry are taking notice, Bloomberg News reports. Because of that some homebuilders are shifting their focus from starter homes … Continue reading →

Webinar: 16 facts you need to know about medical marijuana

IARbuzz.com Blog - Fri, 12/19/2014 - 10:14am
Understanding how medical marijuana laws affect properties where it is grown, sold and even used will be critical to Illinois REALTORS® as communities attempt to balance business interests, zoning, public health and state law. That was the underlying message to … Continue reading →

Have another holiday gift idea for clients?

IARbuzz.com Blog - Thu, 12/18/2014 - 1:22pm
Another tasty holiday gift idea for clients was submitted to IARbuzz by REALTOR® Peggy Brown, Managing Broker and Owner of Sevenoaks Realty in Batavia. Brown says, “I send clients who had a transaction in the current year a Christmas card with a … Continue reading →

Morning Minute: Mortgage rates fall to yearly low

IARbuzz.com Blog - Thu, 12/18/2014 - 11:32am
Good news for consumers looking to buy a home or refinance, Freddie Mac reports today that mortgage rates fell again this week to the lowest levels in 2014. A 30-year, fixed rate mortgage averaged 3.80 percent this week while the … Continue reading →

REALTOR® victory: Senate passes mortgage debt cancellation relief

IARbuzz.com Blog - Wed, 12/17/2014 - 8:25pm
According to a report by the National Association of REALTORS®, President Barack Obama is expected to sign into law a “tax-extender” bill that will provide mortgage debt cancellation relief. According to NAR: That step is possible because earlier this week, … Continue reading →

Early-bird rate for January Pro Standards Workshops ends today

IARbuzz.com Blog - Wed, 12/17/2014 - 3:28pm
Today’s the final day to register and pay only $60 for the Professional Standards Workshops on Jan. 13 and 14, in Springfield and Oakbrook Terrace, respectively. Register now! Fill out the form and return it by fax (217-529-0758) or email … Continue reading →

Infographic: What’s the Illinois Housing Market Look Like for 2015?

IARbuzz.com Blog - Wed, 12/17/2014 - 2:59pm
What’s ahead for the Illinois housing market next year? Economist Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory of the University of Illinois, takes a look in a new forecast for 2015.

Strong economy, business at the heart of Rauner’s plans

IARbuzz.com Blog - Tue, 12/16/2014 - 5:59pm
Illinois governor-elect Bruce Rauner addressed several hundred people Tuesday afternoon at a Springfield (Illinois) Better Government Association luncheon. Although Rauner didn’t provide detailed plans about how he’ll achieve success as the next Illinois governor, his remarks about improving the financial … Continue reading →

Lake Forest latest to liberalize Accessory Dwelling Unit use

IARbuzz.com Blog - Tue, 12/16/2014 - 2:42pm
The City of Lake Forest (Lake County) is the latest municipality to recognize the benefits of accessory dwelling units (ADUs), often referred to as granny flats, coach houses, in-law suites, garage apartments and cottages. Lake Forest is home to many … Continue reading →