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Illinois REALTOR® Weekly Connection

News and resources for Illinois REALTORS®

December 18, 2012


Market Stats and Research

Enhanced IAR MarketStats Launches Thursday
When IAR releases its November home sales report on Thursday, you'll find a new, easier-to-use look and additional information such as time on market and available inventory to give you a more detailed picture of the local and state markets. Learn more about IAR's switch to the 10K Marketing and Research service along with questions and answers about the changes.

Hewings: A Look at the 2013 Housing Market
Was 2012 the year of the housing recovery? Were housing gains consistent in the state? What was the impact of the foreclosure settlement? What is the impact on rentals? How long will foreclosures be a big market factor? Dr. Geoffrey Hewings with the Regional Economics Applications Laboratory at the University of Illinois shares insights on the housing market for members in this video.

Trulia: Millennials Dream of Becoming Homeowners
Trulia's 2012 American Dream Survey finds that 93 percent of millennials, the generation between the ages of 18 and 34, plan to buy a home at some point. Forty-three percent of millennials are already homeowners.  


Industry News & Trends

Illinois REALTOR®: Get Ready for 2013
The January issue of Illinois REALTOR® magazine will soon be arriving in your mailbox, but you can get a sneak peek at the articles online. In this issue, learn more about new IAR President Michael D. Oldenettel, his hometown roots and his goal of making IAR as relevant as possible to members. What else will you find?

Scam Alert: Mortgage Modification Companies Seeking Money Up Front
The federal Consumer Financial Protection Bureau is warning of scams targeting underwater homeowners who are seeking mortgage modifications.

Six from Illinois to Serve in NAR Committee Leadership Posts
Congratulations to REALTORS® John C. Kmiecik, Kay Wirth, Mabel Guzman, Nancy Suvarnamani along with Mainstreet Association Executive Pam Krieter and North Shore-Barrington CIO Steve Volkodav on their leadership appointments to various NAR committees.


Sales and Marketing

You'll Be Seeing Green in 2013
Expect to see the color emerald popping up in home decor this year. Pantone LLC, a global authority on color and provider of professional color standards for the design industries, has named emerald the color of the year for 2013. Read more at the IARbuzz blog

U.S. Population Will Be Older, More Diverse Over Next Half Century
By the year 2060, the U.S. population will be considerably older, will grow at a slower pace and will be more ethnically diverse than it is today, according to U.S. Census projections. Read more in the IARbuzz blog.

Create an RPR Account, Earn Free Home Buyer/Seller Profile Download 
Take advantage of NAR's latest MVP Plus reward. Create your own Realtors Property Resource (RPR) account by Dec. 31 and you'll earn a free download of NAR's 2012 Profile of Home Buyers and Sellers, a $19.95 value.


Legal Issues

Dec. 20 IAR Legal Webinar: New Legislation and Year-End Issues
Join IAR Chief Legal Counsel Steve Bochenek and Legal Hotline Attorney Betsy Urbance at 9:30 a.m. Thursday for a one-hour webinar on new legislation and year-end issues. A recording of the webinar will be available for download afterwards.


Education & Training

Act Fast! Code of Ethics Deadline is Dec. 31
The deadline for the Code of Ethics requirement for membership in the National Association of REALTORS® is Dec. 31. Not sure if you completed yours? Contact your local association.

Still need to take it? Here are some options:


Events 

December 28
IAR is accepting applications for the Leadership Development Program. If you feel you possess the skills, aptitude, interest and motivation to become a leader, this program is for you. The application deadline is Dec. 28. Click here for more information (login required). 

December 31
The Code of Ethics quadrennial training cycle ends Dec. 31. Learn more about training requirements

January 14
Online registration is now available for the IAR-sponsored Instructor Course Development Workshop on Jan. 14 at three locations including Springfield, Downers Grove and Arlington Heights. 

January 22-24
Find a schedule for the upcoming IAR Public Policy meetings being held in East Peoria. 


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