Momentum in the housing market continued into September with Illinois home sales increasing 19.8 percent over previous-year levels and median prices rising 12.9 percent, Illinois Association of REALTORS® (IAR) reported today.
Statewide home sales (including single-family homes and condominiums) in September 2013 totaled 13,018 homes sold, up from 10,866 in September 2012. It was the strongest September in terms of sales since 2006, when 13,594 homes sold statewide. The statewide median price in September was $157,000, up 12.9 percent from September 2012 when the median price was $139,000.
“September homebuyers showed they were not going to be deterred by slight interest rate increases or the possibility of a federal government shutdown,” said Phil Chiles, ABR, CRS, GRI, SRES, president of the Illinois Association of REALTORS® and Broker-Associate with The Real Estate Group in Springfield. “The numbers reflect a strong end to the warm weather selling season, and provide good momentum into the final quarter of the year.”
Click here for the latest IAR infographic – “The Cost of Putting Off a Home Purchase”
Here’s a look at what REALTORS® came to learn about at this year’s Real Estate Barcamp powered by the Illinois Young Professionals Network, held earlier this week in St. Charles, Ill. These topics determined the final REbarcamp sessions: Social Media, Referrals & Lead Generation, Paperless & Productivity, Technology Management, Negotiation People Skills & Tactics, Marketing to the Media, Mobile Apps, The Future of the Industry, The Art of Your Brand, YouTube, Video with Animoto,iPad, Android or Windows?
Typical with barcamps, the topics focused largely on technology and social media. Here’s a quick list of apps shared among barcamp attendees:
- PDF Expert
- QR Reader
- Turbo Scan
- Any List
- Cam Scanner
- Scanner Pro
- Close the Sale
- Go To Meeting
- Card to Contact
- Scan Bix Cards
- Dot Loop
- HP12C Financial Calculater
- Zillow Mortgages
- Walk Score
- GAS Buddy
- Open House Home Pro
- Pic Stitch
- Snap Seed
- Google+ and Google Hangout
- Zipit Radon
Yes, mortgage rates are rising but they are still historically low and affordable. Here’s a look at interest rates over time, going back to the first year Freddie Mac began surveying lenders in 1971. Find the latest mortgage rates from Freddie Mac at www.freddiemac.com/pmms/.
Mobile technology is changing the game for real estate agents and becoming even more important in the daily real estate activities of REALTORS®. In today’s opening session “Mobile Technology and All That You Can Do,” John D. Reyes, CEO and President of Social NetworX provided an overview and live demonstration of the various technologies including social networking, online video, iPad and mobile applications.
John D. Reyes, CEO/President of Social NetworX
Some of the “must have apps” Reyes shared include:
- Social Networking: Facebook, Instagram, Yelp
- Photo Enhancements: Title FX, Pic Play Post, Instagram, Pic Stich
- Listing Presentations: Slide Shark
- News Source: Zite, Flipboard
- Note Taking Applications: AudioNote, Evernote
- Cloud Storage: Dropbox, Google Drive
Reyes’ session sponsored by Fifth Third Mortgage kicks off day one of the Illinois Association of REALTORS® Fall Conference & Expo in St. Charles, Ill. where hundreds of real estate professionals across the state will spend the next two days for professional development and networking.
The Illinois Association of REALTORS® Young Professionals Network (YPN) today hosted a real estate barcamp in conjunction with the associations’s annual fall business meetings and fall conference. Around 100 real estate professionals attended this unconference-format to share perspectives and ideas on topics such as technology management, lead generation, social media, mobile apps and branding.