Illinois REALTORS® took part in the Graduate REALTOR® Institute held in Itasca on Wednesday.
The GRI designation, widely seen as one of the top honors a REALTOR® can attain, focused on topics ranging from copyright law to the impact of new tax law changes.
The Realtors® Relief Foundation grant process is now open for those affected by the recent tornadoes.
The grant application may be accessed on the IAR webpage ( and here for the direct link to the form) and you may post this link on your website or print applications for distribution. It is imperative that the application and documentation be complete.
As a friendly reminder, the grant is a one time grant for one individual household and is restricted to co-payments on temporary housing (rentals) and co-payments on mortgages. The maximum grant is $1,500. Also, it is permissible for payment to be to family members or individuals who are renting a portion of their homes.
IAR has a review committee and we will hold weekly conference calls with our review committee and send a prioritization of those grants received to NAR. As information, the grant applicants name will be redacted for committee review.
The temperatures are dropping and the snow may soon be falling but there can be seasonal benefits for consumers who decide to shop for a home this winter including: less competition, better prices and motivated sellers, according to realtor.com’s Winter Home Buyer Report.
The site surveyed 1,300 prospective buyers to find out who is hoping to buy this winter and what market challenges they expect to face. The findings:
- Many expect the lower housing inventory to be a challenge.
- Relocation buyers, owners downsizing and first-time buyers are the most common winter buyers.
- Nineteen percent of winter home buyers expect to pay in cash.
Read the news release from realtor.com for more information on the survey and its findings.
In other headlines:
Chicago sees sharp rise in home prices in October – Daily Herald
Investors Target ‘Hipster’ ZIPs for Rental Returns – REALTOR® Magazine
The Mainstreet Organization of REALTORS® announced it provided $7,500 in gift cards to REALTOR® associations helping with storm relief.
Mainstreet sent the gift cards, which can be used for all types of relief, to the Egyptian Board of REALTORS®, Three Rivers Association of REALTORS® and the Peoria Area Association of REALTORS®.
In all, REALTORS® have raised nearly $200,000 to help those affected by the November tornado outbreak in Illinois.
HousingWire reports that Freddie Mac is providing relief options to Illinois tornado victims with Freddie Mac mortgages whose homes were damaged or destroyed including: forbearance on mortgage payments and foreclosures for up to one year and waiving late fees and penalties. Read the full news release from Freddie Mac.
Will Americans move to rural areas to find affordable housing? – HousingWire
What it takes to buy a home in 25 cities – Chicago Tribune
Chicago-area MLS, MRED, using CoreLogic tool to share listings with 12 other MLSs nationwide – Inman News