Weekly 6-25-13

Illinois REALTOR® Weekly Connection






One Week Left to Be a Part of Illinois YPN's Non-Event to Help Homes for Our Troops

RSVP by donation to the July 4th non-event and add your name to the honor roll. Homes for Our Troops will be doing a project in Illinois in 2014 and your donations will make a difference. Watch this video of one hero's story and learn more about the Illinois YPN non-event atypn.illinoisrealtor.org.

Industry News & Trends

Need a Mid-Year Marketing Kick Start?

IAR's Lunch & Learn series continues noon Thursday with noted real estate trainer Terri Murphy. She will talk about how to "narrow-cast" your message, as well as working the channels to be a recognized real estate expert in your community. Registration is required, but the session is free for IAR members. Sign up here.

Illinois Extends Foreclosure Grace Period to 2016

Gov. Quinn signed legislation last week extending the Illinois Homeowner Protection Act until 2016. The law, which would have been repealed on July 1, provides homeowners with a 90-day grace period before foreclosure proceedings begin. 

GSEs: Short Sale Changes Coming Aug. 1

Fannie Mae and Freddie Mac announced changes to their guidelines for short sale properties, including how long they are listed in a MLS.Read more from NAR.

Illinois Home Sales Climb Again in May 

Illinois home sales rose 24.4 percent over previous-year levels in May while the statewide median price increased 6.9 percent, according toIAR's latest home sales report. It marks 23 consecutive months of year-over-year increases and the strongest May since 2006. Looking ahead, indicators point to a strong three-month period of sales and median price growth, U of I economist Geoffrey J.D. Hewings said in the latest forecast. IAR members have exclusive access to county-by-county data, market talking points and more. Log in to Members Only IAR MarketStats.

Case-Shiller Index Reports Higher Home Prices in Chicago-Area

Chicago-area home prices rose 9.3 percent in April compared to a year ago, marking the sixth year-over-year increase. Read more from Crains

IAR Legal Webinar Thursday on #What'sTrendingLegally

IAR Chief Legal Counsel Steve Bochenek and IAR Legal Hotline Attorney Betsy Urbance will discuss social media and other "trending" business issues on Thursday, June 27Register now for the one-hour webinar at9:30 a.m.

Still Need Broker Management CE for the April 30, 2013 Renewal Cycle?

IAR is offering a Broker Management Continuing Education webinar and classroom course featuring Norm Willoughby at IAR in Springfield on July 1 and 2. Last chance — this course will be the last Broker Management CE that IAR will offer until 2014. Sign up today to reserve your spot.

IAR Offering Convenient, Interactive Licensing Webinars

Complete the licensing courses you need without leaving home. The IAR Licensing & Training Center is offering a state-of-the-art, alternative classroom format that will appeal to those who want the convenience of learning at their own home or office yet want the interactive experience of a webinar. Find a list of upcoming pre-license, post-license and instructor webinars.

UPDATED Cook County Property Tax Brochure

Get your copy of the just-updated RVOICE brochure, "Property Taxes in Cook County: Know Your Rights." The brochure has been updated to reflect changes to state law regarding homestead exemptions. Share this brochure with your clients. Download a copy or order in bulk from the IAR Store (shipping and handling fees apply.) 

RPAC Minute: Fixing SB 41

Show this video at your next office meeting. It's a perfect example of how REALTOR® Calls for Action, effective IAR lobbying and RPAC helped fix a bad bill that would have negatively affected private property owners in Cook County.

What's Your Niche?

Have you found success targeting a particular niche real estate market? Do you cater to senior buyers, focus on luxury properties or work the commercial market? Send us your tips and ideas for developing a niche and you could be featured in an upcoming IAR publication. Do you have a unique or emerging niche? We want to hear about that too!

Cash Sales Total 32 Percent; Buyers Need to Protect Their Interests

Cash sales accounted for 32 percent of U.S. sales in April with the majority of cash buyers being investors or international clients, NAR reports. A recent column in the Wall Street Journal discusses why it is important that cash buyers still take care to protect their interests in these quick sales.


July 4

Illinois YPN Non-Event benefiting Homes for Our Troops. RSVP atypn.illinoisrealtor.org.

October 1-3

IAR Fall Conference & Expo in St. Charles. The speaker line-up has been released along with session details for the IAR Fall Conference in St. Charles. Click here for speaker details and save these dates for The Power of R, Oct. 1-3.

December 2-5

Registration Now Live for the Graduate REALTOR Institute in Itasca.Visit www.illinoisrealtor.org/GRI and register today. The program comes back to Chicagoland this December with Courses II, III and Grad.