Infographic: Mortgage rates hit 2014 lows #IARMarketStats

IARbuzz.com Blog - 11 hours 54 min ago
Low rates are back! Just last week they averaged 3.97%, the lowest level since the week of June 20, 2013 according to Freddie Mac. In September they averaged 4.16%. #IARMarketStats

NAR blog: Barrington agent doesn’t want you to become another victim

IARbuzz.com Blog - Tue, 10/21/2014 - 2:15pm
REALTOR® Celeste Barr of Keller Williams Success Realty in Barrington, Ill., wants colleagues to trust their intuition so they can avoid becoming a victim of crime, and she’s relating her experience to make the point. Barr shared her thoughts with … Continue reading →

REALTORS® back five more state rep candidates in NE Illinois

IARbuzz.com Blog - Tue, 10/21/2014 - 10:23am
The Illinois REALTORS® Political Action Committee (RPAC) has provided direct contributions to five pro-REALTOR® candidates in the northeastern quadrant of the state and encourages you to vote for the pro-REALTOR® candidate in your district on Nov. 4. These Illinois House … Continue reading →

Video: Factors impacting the Illinois housing market #IARMarketStats

IARbuzz.com Blog - Tue, 10/21/2014 - 9:27am
In a new video, the Illinois Association of REALTORS® interviewed Dr. Geoffrey Hewings, director of the Regional Economic Applications Laboratory at the University of Illinois, about where the state’s housing market is going. Among factors he cites: Uncertainty about the … Continue reading →

Illinois median home prices increase 4.5 percent in September; Statewide home sales down 4.4 percent

IAR News - Mon, 10/20/2014 - 5:29pm
Date:  October 21, 2014 Intro: 

Tighter inventory was a factor driving home prices higher in September while home sales showed an annual decline. 

FOR RELEASE: October 21, 2014

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

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First-time award signals greater commitment to fundraising

IARbuzz.com Blog - Mon, 10/20/2014 - 4:19pm
Thanks to the support of members across the state, IAR captured the NAR RPAC Triple Crown Award for the first time since the award was created in 2009. IAR met or exceeded its goals for: Participation (28 percent), Fair Share … Continue reading →

Know the facts before you vote for Home Rule on Nov. 4

IARbuzz.com Blog - Mon, 10/20/2014 - 2:49pm
Should residents in Crestwood, Lynwood, Matteson, Barrington, Lake Zurich and other Illinois communities be concerned about supporting Home Rule? The answer is a resounding “yes,” no matter what backers of these measures say. Making such a broad change can have … Continue reading →

Today is first day for early voting in Illinois

IARbuzz.com Blog - Mon, 10/20/2014 - 12:39pm
If you travel for business or if long work hours make voting in the Nov. 4 Illinois general election impossible or inconvenient, today is the first day you can utilize early voting, according to the Illinois State Board of Elections … Continue reading →

Local vigilance helps IAR reps protect your interests

IARbuzz.com Blog - Mon, 10/20/2014 - 7:00am
Earlier this month, the Illinois Association of REALTORS® Government Affairs team discovered problems with proposed changes to the Cook County Building Code and quickly reminded officials of our opposition to mandated fire sprinklers in residential housing. As a result, our … Continue reading →

October magazine article outlines IAR ideas to boost professionalism

IARbuzz.com Blog - Fri, 10/17/2014 - 4:38pm
You can gain a new perspective on the scope of how the Illinois Association of REALTORS® aims to improve industry professionalism by reading “IAR makes changes to enhance professionalism in industry” in the October issue of Illinois REALTOR® magazine. For example, … Continue reading →

Morning Minute: New Census report offers snapshot of U.S. housing landscape

IARbuzz.com Blog - Fri, 10/17/2014 - 10:32am
Did you know that there were nearly 133 million housing units in the U.S. in 2013 and 87 percent of those were occupied? How about the fact that the median monthly costs for those occupied housing units decreased between 2013 … Continue reading →

Illinois fracking vote postponed until Nov. 6

IARbuzz.com Blog - Thu, 10/16/2014 - 11:36am
On Tuesday, the Illinois legislature’s Joint Committee on Administrative Rules (JCAR) did not vote on proposed regulations for horizontal hydraulic fracturing or “fracking” in Illinois, making the next opportunity for a vote Nov. 6. The Illinois Department of Natural Resources … Continue reading →

Morning Minute: Mortgage rates fall below 4 percent, hit yearly low

IARbuzz.com Blog - Thu, 10/16/2014 - 10:52am
For the first time this year, 30-year fixed mortgage rates fell below 4 percent and hit a new low for 2014, Freddie Mac reports today. The 30-year rate averaged 3.97 percent while the 15-year, fixed rate averaged 3.18 percent. Read … Continue reading →

Morning Minute: Don’t make these credit score mistakes

IARbuzz.com Blog - Wed, 10/15/2014 - 10:41am
Many Americans don’t fully understand which spending and debt activity is tracked to determine their credit score and which isn’t, according to a new TransUnion survey. “Only 29% correctly identified mortgage payments as data that is regularly reported to credit … Continue reading →

Take note of first complaint received through Ethics Citation Program

IARbuzz.com Blog - Tue, 10/14/2014 - 1:22pm
An Illinois REALTOR® faces the possibility of a $250 fine for advertising violations following a panel review of a complaint this week. This is the first complaint submitted through the Ethics Citation Program, which began Sept. 24. The REALTOR® is … Continue reading →

Morning Minute: Tips to make your home more energy efficient this fall

IARbuzz.com Blog - Tue, 10/14/2014 - 10:00am
  HousingWire reports this morning on a new infographic from Shea Homes that offers a variety of ideas — from simple things you can do today to bigger projects to add to your long-term to-do list — that can make … Continue reading →

Morning Minute: Singles and their impact on the housing market

IARbuzz.com Blog - Mon, 10/13/2014 - 10:38am
Trend alert: Half of American adults today are single and living in one-person households and the preferences of this growing demographic could mean changes to future housing needs and trends, reports Daily Real Estate News on a recent article from Builder … Continue reading →

Commercial: Will the business of ‘going green’ follow Chicago’s lead?

IARbuzz.com Blog - Mon, 10/13/2014 - 10:00am
Understanding phrases like “energy-use benchmarking” and the ramifications of a recent ordinance passed in Chicago will make “going green” increasingly important to you and your clients, says one Chicago REALTOR® in the October issue of Illinois REALTOR® magazine. Angela Aeschliman, … Continue reading →

Manar, Jacobs get REALTOR® support in upcoming election

IARbuzz.com Blog - Mon, 10/13/2014 - 6:00am
IAR members – When you head to the polls to vote in the Nov. 4 general election, the Illinois REALTORS® Political Action Committee (RPAC) encourages you to vote for incumbents Sen. Andy Manar (D) and Sen. Mike Jacobs (D).  Deemed … Continue reading →

Morning Minute: Is rising student loan debt impacting housing?

IARbuzz.com Blog - Fri, 10/10/2014 - 10:28am
A new study from John Burns Real Estate Consulting estimates that growing student loan debt is making it harder for younger buyers to afford a home and that will negatively impact the housing market, HousingWire reports in the article, “Student … Continue reading →
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