Morning Minute: REALTORS® expect moderate price growth in the months ahead

Over the next 12 months, REALTORS®  expect U.S. home prices to grow around 3.5 percent, according to the latest REALTORS® Confidence Index Survey from the National Association of REALTORS® (NAR).

The survey, taken in June and August, finds that REALTORS® anticipate continued median price improvement, although at a more moderate pace than earlier in the year. See the NAR graphic below of state-by-state expectations, including Illinois, where respondents expect price gains to average around 3 to 4 percent.

Source: National Association of REALTORS®

In other headlines:

5 common down-payment misconceptions – HousingWire

More Home Owners Turn Equity Into Cash – NAR Daily Real Estate News

Letter: Will County communities should curb impact fees to spur growth

IAR’s Gideon Blustein, regional manager for member outreach, wrote a letter to the editor of the Herald News about how getting rid of impact fees might actually help schools with lagging enrollments and increase economic investment.

Blustein’s letter noted that several Will County communities have reduced the fees and at least one of the communities has already seen housing growth. Housing growth translates into potentially higher enrollments. It also puts more money into the local economy. .

The hashtag winner for the 100th Anniversary contest; start using it now

Illinois REALTORS® selected from among a number of hashtags to use throughout the year on social media.

The winner was revealed by 2016 IAR President Mike Drews at an inaugural gala held in Oak Brook Hills on Oct. 6, 2015. The winner was #IAR100YearsStrong.

The contest was part of several elements to a launch for IAR’s 100th anniversary in 2016. The association created a logo highlighting the anniversary, and special pins were distributed to guests to wear throughout the year.


Drews becomes IAR president; logo celebrates IAR’s 100 years

IAR Treasurer Matt Difanis and President-elect Doug Carpenter congratulate 2016 President Mike Drews at the association's Inaugural Gala held Oct. 6, 2015, in Oak Brook Hills. Photo: Mike Hudson

IAR’s 2016 President Mike Drews told REALTORS® that the association would enter its 100th year with a special anniversary logo.

IAR's anniversary logo.

Drews was formally installed as president at the Tuesday, Oct. 6, 2015 inaugural at the Hilton Oak Brook Hills Resort and Conference Center. In a speech that touched on his love for Westerns and the White Sox, Drews unveiled the logo as a kickoff for a year of events marking IAR’s 100th anniversary.

Drews’ leadership team was also sworn in. Matt Difanis becomes treasurer, Doug Carpenter is president-elect and Jim Kinney is immediate past president.

Images at Public Policy & Government Affairs Member Involvement Group Meeting

More than 175 Illinois REALTORS attended the IAR Public Policy & Government Affairs Member Involvement Group meeting Tuesday afternoon at the October Business Meetings at the Chicago Oak Brook Hills Resort & Conference Center in Oak Brook, Ill.

Chairman Ron Abrams opened the meeting and then Director Government Affairs Greg St. Aubin and Assistant Director Legislative and Political Affairs Julie Sullivan reported on the 2015 Session of the General Assembly and legislation being considered.

Dana Hybl reported on the Housing Opporunity Working Group, Mabel Guzman spoke about the REALTORS Political Involvement Committee, NAR’s Shannon Burke gave an update on federal issues and IAR’s local GADs spoke briefly about one or two issues in their local communities. The subjects included issues such as: drones, transfer taxes, sewer backflow preventers, a proposed property tax hike, sign ordinances, a cloud tax, a professional parking permit for REALTORS, fire sprinklers, vacant properties ordinances and a possible Call For Action about rental inspections.

The GADs included:

  • Kristopher Anderson,
  • Kyle Anderson,
  • Brian Bernardoni,
  • Conor Brown,
  • Gideon Blustein,
  • Kristie Engerman,
  • Alex Finke,
  • Howard Handler,
  • Tom Joseph,
  • Neil Malone,
  • Jeff Merrinette and
  •  Mike Scobey.