IAR Recent News
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Illinois Home Sales
Contact:
Ann Londrigan
217-529-2600
Post-Tax Credit Pause in Illinois Home Sales Activity for July
Year-to-Date Sales Remain Up 15.0 Percent Statewide
IAR Convention Sept. 29 - Oct. 1
August 13, 2010
Contact:
Mary Schaefer
217-529-2600
Illinois REALTORS® to Assemble at the
Annual IAR Convention in St. Charles, Sept. 29-Oct. 1
Illinois Home Sales
August 11, 2010
Contact:
Mary Schaefer/Ann Londrigan
217-529-2600
Illinois Second Quarter Home Sales Gain 27.7 Percent
Statewide Median Price Stable at $160,000
Transfer Fee Covenants Banned in Illinois
On July 27 Gov. Quinn signed into law Public Act 96-1345, which creates the Transfer Fee Covenant Act.
Illinois Home Sales
July 22, 2010
Contact:
Mary Schaefer/Ann Londrigan
217-529-2600
Illinois Home Sales Up 10 Months in a Row, Chicago Region a Full Year
Statewide Home Prices Stabilizing
Tax Credit Closing Deadline Extended
On July 2, President Obama signed into law the Homebuyer Assistance and Improvement Act (H.R. 5623).
According to NAR:
The extension applies only to transactions that have ratified contracts in place as of April 30, 2010, that have not yet closed. The legislation is designed to create a seamless extension; the new closing deadline for eligible transactions is now September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law.
U.S. EPA delays enforcement of new lead-based paint renovation and repair rules
The U.S. EPA has issued a memorandum which delays enforcement action in regard to the Renovation, Repair and Painting Rule (RRP Rule) which is the federal rule regarding the containment of lead based paint dust in renovation and repair activities in residential housing. The EPA acknowledges the difficulties that renovators have in getting the necessary training in lead-safe work practices since the Rule went into effect in April, 2010.
Illinois Home Sales
June 22, 2010
Contact:
Mary Schaefer/Ann Londrigan
217-529-2600
Double-Digit Home Sales Gains Continue in Illinois
Statewide Median Price Up 0.6 Percent
REALTORS® Support Tax Credit Closing Extension
The National Association of REALTORS® (NAR) supports federal legislation that has been introduced to extend the homebuyer tax credit closing deadline to Sept. 30 instead of the current June 30 deadline.
Illinois Home Sales
May 24, 2010
Contact:
Mary Schaefer/Ann Londrigan
217-529-2600
April Posts 8th Straight Month of Illinois Home Sales Gains
Statewide Median Price Up 5 Percent
REALTORS® Push to Help Commercial Real Estate
REALTOR® G. Joseph Cosenza of the Oak Brook, Illinois-based Inland Real Estate Group testified on the current state of the commercial real estate market before a May 17 hearing of the U.S. House Financial Services Subcommittee on Oversight & Investigations in Chicago. The purpose of the hearing was for federal lawmakers to review federal laws, regulations, programs, and policies and their impact on the commercial real estate market and to hear proposals to mitigate turmoil in this important business sector.
Illinois REALTORS® in Washington, D.C.
REALTORS® Address FHA, Commercial Markets and Mortgage Market Liquidity
Members of the Illinois Association of REALTORS® joined thousands of REALTORS® from across the nation in Washington, D.C. May 10-15 for the National Association of REALTORS® (NAR) Midyear Legislative Meetings. IAR had scheduled meetings with members of Congress and government leaders to discuss issues important to the real estate industry.
Some if the issues include:
Illinois Home Sales
May 11, 2010
Contact:
Mary Schaefer/Ann Londrigan
217-529-2600
Illinois First Quarter Home Sales Jump 23.5 Percent
Median Price Leveling at $144,600
Illinois Home Sales
April 22, 2010
Contact:
Mary Schaefer/Ann Londrigan
217-529-2600
Illinois Home Sales Continue to Post Gains, Up 32.8 Percent in March
Median Price Holds Steady at $148,500
Homebuyer Tax Credit Ends Soon
April 6, 2010
Contact:
Mary Schaefer/Ann Londrigan
217-529-2600
Time Is Running Out to Take Advantage of Homebuyer Tax Credit
Nationwide Open House This Weekend
In Memoriam:
In Memoriam: John A. Veneris, CRB, CRS, past president of the Illinois Association of REALTORS® passed away on April 2, 2010. John was broker-owner of Realty Executives Pro/Team in Downers Grove. He was deeply committed to volunteering within the REALTOR® Association serving in many capacities at the local, state and national level. He served as president of the Mainstreet Organization of REALTORS® and in 2005 was president of the Illinois Association of REALTORS®.
IAR Capitol Conference
IAR Capitol Conference
More than 500 Illinois REALTORS® are expected to convene in Springfield March 23 to discuss with state lawmakers issues affecting homeowners and the real estate industry. In addition to participating in briefings on important legislative and regulatory issues facing the industry, attendees will visit personally with their lawmakers to press for passage of the Illinois Association of REALTORS® (IAR) 2010 legislative agenda as part of the 34th Annual IAR Capitol Conference.
Illinois Home Sales
March 22, 2010
Contact:
Mary Schaefer/Ann Londrigan
217-529-2600
Illinois Home Sales in February Mark Sixth Consecutive Gain
Up 15.7 Percent from a Year Ago
State Budget Address
Gov. Quinn's FY2011 State Budget Proposal
On March 10 Gov. Quinn delivered his state budget address to the Illinois General Assembly and IAR members can find links to the audio and PDF downloads of the proposed budget at www.budget.illinois.gov.
The plan calls for budget cuts related to state employees and operations, pension reform, Health and Human Services and education funding.
Among the job creation proposals are:
REALTOR® Nationwide Open House April 10-11
