Illinois REALTORS® participate in NAREB regional member and Community Day events


The Illinois REALTORS® supported the Dearborn Realtist Chapter of the National Association of Real Estate Brokers (NAREB) at its 69th Annual Mid-Winter Regional Conference in Chicago last week.

The three-day conference ended with a Community Expo titled, “Community Wealth Building Day.” Vendors representing all aspects of the real estate industry were available to discuss different facets of buying and owning a home.

The Illinois REALTORS® at the expo told consumers about the availability of the Real Property Alliance website and the information it offers about:

  • property taxes,
  • local zoning or septic requirements,
  • market data and
  • proposals and legislation before the Illinois General Assembly that affects home and property ownership.

The site can be found at http://www.realpropertyalliance.org.

One of the highlights of the Regional Conference was the keynote speech from U.S. Rep. Danny Davis (Illinois 7th District).  He expressed the importance of the real estate community and his long-standing history with the Dearborn Realtists.  He said he shares NAREB’s passion to increase black home ownership by two million in the next five years.

NAREB released its 2015 State of Housing in Black America report recently which showed a trend of decreased home ownership for black America and predicted the trend will continue.  NAREB has put energy behind its conferences and community events with the intention of turning the trend around. The conference in Chicago was the end of a four-stop tour that included Oakland, Calif., Memphis, Tenn., and Philadelphia, Pa.

Dearborn Realtist Chapter President Tracey Taylor stated, “This innovative conference concept was a great success for the Illinois region and Chicago. Black home ownership is so important today as we hope to inspire the average person to gain wealth through real estate.”

Morning Minute: NAR infographic takes closer look at housing market

Read and share a new infographic from the National Association of REALTORS® (NAR), which takes a closer look at the U.S. housing market in March. A few takeaways: existing-home sales were up, pending home sales looked promising and properties averaged about 47 days on the market. Check out the infographic to learn more.

In other headlines:

Fewer all-cash home sales in first quarter – Crain’s Chicago Business

Rise in homeowner equity continues to stabilize housing market – Inman

Create a Home Listing Video Worthy of an Oscar—or an Offer – Realtor.com

 

Morning Minute: Freddie Mac sees positive signs for the housing market

The U.S. housing market is improving and is “poised to have its best year in a decade,” says Freddie Mac Deputy Chief Economist Len Kiefer in the latest Multi-Indicator Market Index. Home purchases are trending higher while delinquencies are down, the employment picture is improving and low mortgage rates are supporting housing affordability, he said. Read more from Freddie Mac.

In other headlines:

Mortgage Rates Inch Up – Freddie Mac

Renters More Worried About Housing Costs Than Homeowners – Forbes

Buyers Say They Need More Lending Info – NAR Daily Real Estate News

 

Morning Minute: Pending home sales head higher in March

March pending home sales rose 1.4 percent compared to the month before and have experienced year-over-year gains for the last 19 consecutive months, according to the National Association of REALTORS® (NAR). The Pending Home Sales Index is NAR’s forward-looking indicator based on contract signings and NAR Chief Economist Lawrence Yun said improving pending sales signal a solid beginning to the spring market. Read more from NAR.

In other headlines:

Pending home sales up 1.4% in March, highest pace in nearly a year – CNBC

The future of home showings is virtual reality – Inman

S&P/Case-Shiller: Home prices finally start to stabilize – HousingWire

Morning Minute: What role does seasonality play in the housing market?

Understanding the seasonal trends of the housing market can be important for both potential home buyers and sellers alike. In a column for HousingWire, Tian Liu, chief economist at Genworth Mortgage Insurance, writes that understanding and comparing the traditional seasonal market shifts can arm buyers and sellers with more knowledge about why and when they want to get into the market. Read more.

In other headlines:

5 Reasons Your Home Isn’t Selling – Realtor.com

Here Are 10 Homes That Changed America – Styled, Staged & Sold blog

Job Interview Questions for Your Next Lender – Freddie Mac blog