How does Haisler help local consumers understand real estate market?

Jim Haisler

In Sunday’s Northwest Herald, the Account Executive for the Heartland REALTOR® Association, Jim Haisler, gave his analysis of his region’s housing market in the article “Haisler: What happened to the real estate market?

Haisler also has been active with the Illinois Association of REALTORS®, having served on state committees since 2005. In 2015, he is serving on five committees: Association Executives, Education Working Group, Illinois Bicentennial Task Force, Political Fundraising Working Group and RPAC Trustees.

The Northwest Herald is the only daily newspaper published in McHenry County. It is located in Crystal Lake.

Morning Minute: Fannie, Freddie to halt foreclosure evictions over the holidays

Fannie Mae and Freddie Mac are suspending evictions of foreclosed single-family properties during this holiday season. The moratorium will run from Dec. 17, 2014 until Jan. 2, 2015.

In other headlines:

RealtyTrac reports foreclosure activity fell 9% in November – HousingWire

6 Features in Demand Among Luxury Buyers – Daily Real Estate News

Morning Minute: Mortgage delinquencies expected to drop in 2015

A new forecast from TransUnion predicts that the country’s mortgage delinquency rate will fall to 2.51 percent next year, HousingWire reports. Delinquency rates have been steadily falling since peaking in 2010 and if the forecasts hold true for 2015, the rate will fall to its lowest level since before the recession. Read more from HousingWire.

In other headlines:

6 Features in Demand Among Luxury Buyers – Daily Real Estate News

NAR Identifies Top Metro Areas Poised for Uptick in Baby Boomer Home Sales – NAR

 

How are conservative estimates of real estate tax hurting taxpayers?

Even though 17 Chicago suburbs underestimated a total of nearly $5.6 million in real estate transfer tax revenue during the most recent fiscal year, a Daily Herald article asserts the approach keeps taxes high and doesn’t allow many opportunities to give affected taxpayers tax relief.

The situation pits town officials against watchdog groups who believe more accurate budgeting should be done.  According to the Daily Herald article by Jake Griffin, officials estimate real estate transfer tax revenue conservatively because home sales are hard to predict and the amount collected depends on selling prices. Critics wonder if towns are spending enough time and energy to estimate accurately.

A home valued at $300,000, for example, usually results in a real estate transfer tax of approximately $900, and it is often paid by the seller, the article states.

Naperville and Glen Ellyn are two examples of towns that received more revenue than budgeted in the most recent fiscal year, while Addison and Hanover Park got less. Some towns put the unexpected revenue in their general fund while others use it to pay for capital improvement projects, the article stated. Home rule suburbs used to be able to charge the tax but now must get voter approval to do so.

Thanks to Government Affairs Director Howard Handler for calling attention to the article.