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REALTOR® Call for Action: Vote ‘Yes’ on SB 2664 and HB 4609

IARbuzz.com Blog - Tue, 05/13/2014 - 12:21pm
Illinois REALTORS®, take action now and contact your state lawmakers, urging them to vote ‘YES’ on two important bills pending in the Illinois General Assembly: Senate Bill 2664 -  A bill offering greater protections and disclosure to consumers buying a foreclosed … Continue reading →

Morning Minute: Unexpected dip in mortgage interest rates gives consumers more buying power

IARbuzz.com Blog - Tue, 05/13/2014 - 10:40am
Some economists had forecast that mortgage interest rates would steadily climb in 2014, but so far, that hasn’t happened. In fact, the opposite is true. In recent weeks, interest rates have trended downward, prompting an increased interest in mortgage financing … Continue reading →

Some dates changed for Springfield Habitat build; sign up now to take part

IARbuzz.com Blog - Tue, 05/13/2014 - 7:47am
Already 15 people are planning to help build the second of three Habitat for Humanity homes which are part of IAR’s Power of R effort this summer. Some dates for the Springfield build have been changed by Sangamon County Habitat … Continue reading →

Illinois REALTORS® heading to Washington, D.C., for Capitol Hill meetings

IARbuzz.com Blog - Mon, 05/12/2014 - 11:38am
Many IAR members are getting ready for the REALTOR® Party Convention & Expo in Washington D.C. The trip combines business meetings for the National Association of REALTORS® and a chance for Illinois REALTORS® to meet with lawmakers and their staffs. … Continue reading →

Infographic: Illinois median home prices up in 1Q 2014 #IARMarketStats

IARbuzz.com Blog - Mon, 05/12/2014 - 8:00am
In the first quarter of 2014, the statewide median home price rose 8.7 percent compared to the same period in 2013, while sales declined 7.8 percent over the same period. This new infographic from the Illinois Association of REALTORS®, offers … Continue reading →

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

IARbuzz.com Blog - Mon, 05/12/2014 - 7:30am
In case you missed it, here are four of the top IARbuzz blog posts from last week: Welcome Home Illinois program gains traction in state – The state’s newest first-time homebuyer mortgage program is attracting interest with 730 buyers signing … Continue reading →

Morning Minute: Mortgage interest rates fall again, now at low for the year

IARbuzz.com Blog - Fri, 05/09/2014 - 11:07am
Spring home buyers could get an even better deal on mortgage financing as interest rates continue to their recent decline. Freddie Mac reports that 30-year, fixed mortgage rates averaged 4.21 percent this week, the lowest rates have been this year. … Continue reading →

See who was at IAR’s Spring Conference & Expo

IARbuzz.com Blog - Thu, 05/08/2014 - 4:15pm
  The 2014 Spring Conference & Expo wrapped up Thursday afternoon with a CE session with Annette Akey. Hundreds of REALTORS® took part in the two-day conference at the Gateway Center in Collinsville. See who you know who was there.

Legal topics breakfast opens day 2 of IAR Spring Conference & Expo

IARbuzz.com Blog - Thu, 05/08/2014 - 8:25am
Betsy Urbance and Todd Turner with the Illinois Association of REALTORS®’  Legal Services team walked members through hot legal topics on Thursday, May 8, 2014. Among topics covered: Broker price opinions, privacy and the use of airborne drones to capture … Continue reading →

Census: U.S. older population to double over next 20 years

IARbuzz.com Blog - Thu, 05/08/2014 - 8:00am
The baby boomer generation continues to shape U.S. cultural trends, this time in the “graying” of the nation. By the year 2050, the U.S. senior population (those 65 and older) is expected to reach 83.7 million, nearly double its size … Continue reading →

Condo foreclosure bill clears committee, now headed to Illinois House

IARbuzz.com Blog - Wed, 05/07/2014 - 12:29pm
Senate Bill 2664, a bill aimed at protecting buyers when they purchase a foreclosed condo, was voted out of the House Judiciary Committee today by a vote of 13-2. It now heads to the full Illinois House for consideration. The … Continue reading →

Morning Minute: Luxury housing market is heating up this spring

IARbuzz.com Blog - Wed, 05/07/2014 - 11:24am
As the weather heats up so too is the U.S. luxury home market. Sales of million-dollar homes “are selling at double their historical average,” according to the National Association of REALTORS® and other housing industry analysts are also seeing a … Continue reading →

IAR Spring Conference & Expo kicks off in Collinsville

IARbuzz.com Blog - Wed, 05/07/2014 - 10:26am
REALTORS® from throughout the state gathered at the Gateway Conference Center in Collinsville, Ill., on Wednesday, May 7, 2014. The event kicked off with a presentation by Kim Daugherty, a real estate trainer who spoke on how to take business … Continue reading →

Ready for Spring Conference? We are!

IARbuzz.com Blog - Tue, 05/06/2014 - 4:31pm
The first wave of IAR staffers headed south this afternoon to get ready for the Spring Conference & Expo at the Gateway Center in Collinsville. Join them, and your colleagues beginning Wednesday and running through Thursday. Haven’t registered? Not a … Continue reading →

Morning Minute: Spring market brings out homebuyers and sellers

IARbuzz.com Blog - Tue, 05/06/2014 - 11:11am
Decatur-area REALTORS® say they are seeing an uptick in the buyer and seller activity as the spring housing market thaws out after a particularly harsh winter. Glenda Williamson, owner of Glenda Williamson Realty in Decatur, told the Herald-Review that she … Continue reading →

Fees for real estate signs nixed in Chicago Heights

IARbuzz.com Blog - Tue, 05/06/2014 - 11:11am
The Chicago Heights City Council has amended and repealed part of an ordinance that required a permit and fee to place real estate For Sale signs. Tom Joseph, a governmental affairs director for IAR, reports the action on Monday came … Continue reading →

Drones and real estate: What REALTORS® should know now

IARbuzz.com Blog - Mon, 05/05/2014 - 4:30pm
The Legal Webinar series hosted by the Illinois Association of REALTORS® yielded a trove of information on privacy issues, including updates on federal policy involving the use of drones to photograph properties as part of marketing efforts. Todd Turner with … Continue reading →

Call to Action: Vote ‘Yes’ on SB2664, condo foreclosure bill

IARbuzz.com Blog - Mon, 05/05/2014 - 3:55pm
The Illinois Association of REALTORS® has issued a Call to Action urging its members to voice their support for a bill that would reform the state’s Condominium Property Act. SB2664 adds language to the act to help protect buyers from … Continue reading →

Welcome Home Illinois program gains traction in state

IARbuzz.com Blog - Mon, 05/05/2014 - 3:50pm
In a personal call Monday to IAR’s legislative affairs team, Gov. Pat Quinn said 730 buyers have signed up for the Welcome Home Illinois first-time buyers program. Quinn told IAR more than $80 million in loans has been committed so … Continue reading →

Morning Minute: Illinois tops list of states with most affordable housing markets

IARbuzz.com Blog - Mon, 05/05/2014 - 10:48am
If you are looking for an affordable housing market, put Illinois on your list. Five of the top 10 most affordable small metro housing markets in the country are found in Illinois, according to a study of housing data done … Continue reading →