Weekly 2-4-14

Illinois REALTOR® Weekly Connection

New Let's Talk Real Estate Events 

IAR's Let's Talk Real Estate conversations with Illinois' Congressional delegation are back in full swing with events planned in February and March. Don't miss this opportunity to meet with your local representative and talk about the issues affecting the industry. Click here to register for events with U.S. Rep. Dan Lipinski on Feb. 19 and U.S. Rep. Cheri Bustos on Feb. 21 and find a schedule of upcoming events.

U.S. Pending Home Sales Fall in December

Harsh winter weather may have prompted some to put off home shopping as the Pending Home Sales Index fell 8.7 percent in December compared to November. NAR Chief Economist Lawrence Yun said home prices rising faster than people's incomes and limited housing inventories are to blame.

FHA Now Accepting E-Signatures

The Federal Housing Administration (FHA) is now allowing its lenders to accept electronic signatures on mortgage loan documents. Read more including the FHA mortgagee letter.

Janet Yellen Sworn In As Federal Reserve Chair

On MondayJanet Yellen replaced Ben Bernanke as chair of the Federal Reserve, and also marked history by becoming the first woman to hold the position. Read more.

Updated IAR Leadership Directory Online

Find a directory of 2014 IAR committee members, committee guidelines, leadership forms and more with IAR's Leadership Directory available online atwww.illinoisrealtor.org/leadership.




Get Ready for 2014 Broker Renewal

Are you ready for the Illinois broker license renewal? Watch your mailbox for your license renewal notice from IDFPR and find information from IAR's Licensing & Training Center to help you prepare including IAR's Broker Renewal Checklist, a Q&Aabout the renewal process and CE hours and course options.

REEF Academic Scholarship Deadline is April 1

Applications for the Real Estate Educational Foundation's (REEF) Academic scholarships must be submitted by April 1, 2014. Since 2000, REEF has awarded scholarships totaling over $412,300 to talented college students and real estate professionals. Learn more about these and other REEF scholarships at www.ilreef.org.

NAR: Cash Used in 32 Percent of Residential Sales

Cash is still king for 32 percent of homebuyers and it is particularly popular with investors and international buyers, 70 percent of whom bought with cash in December, according to NAR's latest REALTORS® Confidence Index Survey.

Wealthy Homebuyers Looking for More Short-Term Home Loans?

With better interest rates on shorter-term mortgage loans, more wealthy borrowers are rethinking the appeal of the traditional 30-year mortgage and looking at 10-year, 15-year  and 20-year options, the Wall Street Journal reports

KCMblog: Five Reasons to Hire a Real Estate Professional

Remind your clients that there are benefits to working with a real estate professional, including their negotiation skills and current market expertise along with three more highlighted in this KCM blog post. 

IAR Public Policy Fill-in-the-Blank News Release 

Did you attend the IAR Public Policy Meetings in East Peoria? Share the news with your local media by using thisfill-in-the-blank news release from the event. 

Join the 1,000 Points of Light Ambassador Campaign

Become one of 1,000 RPAC Ambassadors in 2014 and help protect your industry and private property rights. The deadline to sign up isMarch 31, 2014Click hereto find program details, pledge cards and an acceptance letter.(Disclaimer: The Illinois REALTORS® Political Action Committee (RPAC) solicits contributions from IAR members only.) 


February 11-12

IAR Licensing & Training Center Webinar
Broker Pre License Applied Real Estate Principles with Norm Willoughby

February 19

Let's Talk Real Estate with U.S. Rep. Dan Lipinski, Orland Park

February 21

Let's Talk Real Estate with U.S. Rep. Cheri Bustos, Rock Island

March 7

Let's Talk Real Estate with U.S. Rep. Randy Hultgren, Batavia

March 10

Let's Talk Real Estate with U.S. Rep. Jan Schakowsky, Glenview

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