Leigh Brown talks to Zeke Morris at the Leadership Summit in Chicago this week (Matt Difanis Photo).
This week at the NAR Leadership Summit in Chicago, Zeke Morris spoke about the upcoming 50 year anniversary of the Title VIII of the Civil Rights Act of 1968 or the Federal Fair Housing Act.
The chair of the NAR Event to Celebrate the 50th Anniversary of the Fair Housing Act reviewed some of the history behind the legislation and gave summit attendees a preview of events that will commemorate the anniversary.
Through Nov. 30, Morris is serving on several NAR committees, including:
- vice chair of the Large State Forum;
- immediate past vice chair of the Multicultural Real Estate Leadership Advisory Group; and
- the forum vice chair of the State Leadership Idea Exchange Council.
He is a former president of the Chicago Association of REALTORS® and he serves on numerous Illinois REALTOR® committees, including vice chair of the Housing Opportunity Working Group.
In case you missed it, the Illinois Housing Market Report for June was issued last week. Watch this video for a quick glance at some of the numbers, then visit http://www.illinoisrealtor.org/marketstats for the full report.
Geoffrey J.D. Hewings
Monday morning, Illinois REALTORS® will release its June 2017 housing report, with data breakdowns for the state of Illinois, city of Chicago and the nine-county Chicago Primary Metropolitan Statistical Area (PMSA). Also included will be a housing market forecast by Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory at the University of Illinois.
Members of the statewide association can access member-only market statistics by using their passwords.
The National Association of REALTORS® released the results of its 2017 Housing Pulse Survey Wednesday, and the majority of Americans surveyed believe buying a home is a good financial decision, helping to create safe, secure and stable environments.
Specific findings include:
- 84 percent of Americans believe buying a home is a good financial decision;
- 44 percent of Americans believe affordable housing is a “very big” or “fairly big” problem;
- Six in 10 Americans are concerned about the cost to buy a home or high rent prices in their area; and
- Family, friends, REALTORS® and banks are the most trusted sources for buying a home or property.
Read the press release or executive summary.
The Illinois Policy Institute believes that if Illinois’ millennials would stop leaving the state, they could play a key role in the recovery of the housing market there.
Among the points made in the article, “Millennials could be key to Illinois’ housing recovery – but they are fleeing the state,” were:
- Millennials comprise the largest group of U.S. home buyers during the last four years (NBC News);
- First-time home buyers have been the largest economic driver of the U.S. housing market since 2014 (GenWorth Mortgage Insurance);
- Illinois’ net loss of millennials during a four-year period was the second worst in the nation, 80.6K (Internal Revenue Service);
- Illinois is the state with the third largest percentage of homes “seriously underwater” (RealtyTrac); and
- Other factors such as low employment rates and high taxes make it more difficult for millennials who stay in Illinois to become first-time home buyers in Illinois.
Read the entire Illinois Policy Institute article.