Offices closed Monday for Memorial Day

Memorial Day 2016On Monday, in observance of Memorial Day, the Illinois REALTORS® offices in Springfield will be closed. The offices will reopen with regular hours on Tuesday.

History

Did you know the seeds of this holiday were planted in 1868 with the creation of Decoration Day? According to infoplease.com, Decoration Day was designed to honor soldiers who died during the Civil War by decorating their graves.

About 20 years later, the holiday was changed to Memorial Day and dedicated to the memory of all who died in war. In 1971, it became a federal holiday. It is now observed on the last Monday in May.

 

Celebrate our ROTYs June 21 at the 35th annual banquet in Springfield

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Order tickets now for the 35th Annual REALTOR® of the Year Banquet, scheduled for June 21 at the Abraham Lincoln Presidential Museum in Springfield.

The event will honor the accomplishments of 25 local association REALTORS® of the Year (ROTY)  and the Illinois REALTORS® ROTY Chris Read. The reception begins at 6:30 p.m., followed by dinner at 7:15 p.m. The deadline for ordering tickets is June 15.

Place your order online or use the ticket order form now. Need more information?

Among those being honored are:

Marvin Sandel of Coldwell Banker Heart of America in Bloomington served as president of the Bloomington-Normal Association of REALTORS® in 2007. He’s been active with many local organizations, including the American Heart Association and the American Cancer Society.

Michael Buscher of the Real Estate Group, Inc., in Springfield, was president of the Capital Area REALTORS® in 2015 and 2000. He’s served on various local and state committees. Currently he’s president of the Illinois Real Estate Educational Foundation (REEF) and on the Illinois REALTORS® Board of Directors.

Bruce Steinke of Shelby Realty in Shelbyville will represent the Central Illinois Board of REALTORS®. He’s the secretary/treasurer of his local association, and a member of the board of directors. Active in real estate since 1987, Steinke is also a member of the Shelby County Board of Appeals, the Shelbyville Memorial Hospital Board and is a lieutenant in the Shelby County Sheriff’s Reserve Unit.

Max McComb of RE/MAX Realty Associates is the Champaign County Association of REALTORS® ROTY. He joined the local board in 2008 and has served on multiple committees, the board of directors, chaired the Education Committee and now is the executive committee’s secretary/treasurer.

Matt Farrell of Urban Real Estate in Chicago is the Chicago Association of REALTORS® ROTY. He’s a past president of the local association and the founding chair of its Young Professionals Network.  He remains active for the local, state and national associations. As an NAR director, he’s constantly trying to identify ways to leverage technology to better the industry and the association.

The banquet is jointly sponsored by the Illinois REALTORS® and REEF.

 

Morning Minute: Pending home sales rise to 10-year high, NAR reports

U.S. pending home sales rose again in April, marking three consecutive months of gains and the highest reading in more than 10 years, according to the National Association of REALTORS® (NAR) Pending Home Sales Index. April contract signings increased 5.1 percent compared to March and were 4.6 percent higher than a year ago.

“The ability to sign a contract on a home is slightly exceeding expectations this spring even with the affordability stresses and inventory squeezes affecting buyers in a number of markets. The building momentum from the over 14 million jobs created since 2010 and the prospect of facing higher rents and mortgage rates down the road appear to be bringing more interested buyers into the market,” said NAR Chief Economist Lawrence Yun in a news release. Read more.

In other headlines:

Renting a Chicago apartment becoming less affordable, study says – Chicago Tribune

TransUnion: Consumers show surprising behavior before obtaining mortgages – HousingWire

Illinois REALTORS® attending Inman Connect On the Road event in Rosemont

Illinois REALTORS® get a chance to chat with association staff members and sign up for member benefits at Inman Connect On the Road, held in Rosemont on Wednesday, May 25, 2016. The event features a number of speakers who are association members.

Illinois REALTORS® get a chance to chat with association staff members and sign up for member benefits at Inman Connect On the Road, held in Rosemont on Wednesday, May 25, 2016. The event features a number of speakers who are association members.

Chicago-area members of Illinois REALTORS® are hearing from some of the top names in the business at Inman Connect On the Road, an training event held in Rosemont on Wednesday.

Illinois REALTORS® Outreach Team member Gideon Blustein meets with XXXXX at the Inman Connect On the Road event in Chicago, on Wednesday, May 25, 2016.

Illinois REALTORS® Outreach Team member Gideon Blustein meets with Thomas Downing at the Inman Connect On the Road event in Chicago, on Wednesday, May 25, 2016.

Illinois REALTORS® and MRED have partnered to provide access to the their members to the Inman Connect news service, and representatives of both organizations are at the Donald Stephens Convention Center to meet attendees.

MRED is a Centennial Sponsor for the Illinois REALTORS® 100th anniversary celebration.

An estimated 1,700 people are attending the event, which was free for members who activated their Inman Select membership, which is a benefit provided through Illinois REALTORS® and MRED.

The event features a number of speakers and trainers who are Illinois REALTORS®, Included are:

  • Rebecca Jensen, CEO of MRED. 
  • REALTOR® Thaddeus Wong with @properties. 
  • REALTOR® Matt Laricy with Americorp Real Estate
  • REALTOR® Jennifer Ames of Coldwell Banker
  • REALTOR® Lisa Kon with Baird & Warner

The event lasts throughout the day, Wednesday.

Morning Minute: U-Haul survey names Chicago No. 2 destination city for movers

U-Haul has released its annual Destination Cities Report and the city of Chicago came in as the second most popular destination city, coming in only behind Houston in 2015. The survey looks at incoming, one-way U-Haul truck rental drop offs to determine the top 50 destination cities for movers. The survey does not, however, track outgoing rental traffic from the cities. Read more.

In other headlines:

Chicago area’s fastest home sales: West Town, Logan Square – Crain’s Chicago Business

4 tips for real estate agents to crush it on Snapchat – HousingWire

A Beginner’s Guide to Managing a Remodel – Houzz