Three Rivers members partner with Joliet and community organizations to promote home ownership

Karen Robertson, TRAR immediate past president, thanked Alfredo Melesio, Joliet’s director of neighborhood services, for explaining the city’s down payment assistance program.

The Three Rivers Association of REALTORS® (TRAR) hosted a luncheon Feb. 11 for members to learn more about the City of Joliet’s down payment assistance program and an April 9 Housing Expo for renters and commuters in the Joliet area.

Alfredo Melesio, Joliet’s director of neighborhood services, introduced the program and explained some of the ways they plan to reach out to potential home  buyers. He then introduced Marla Youngblood and Patricia Venziano from the Will County Center for Community Concerns, the not-for-profit organization managing the down payment assistance program.

Youngblood and Venziano provided an overview of qualifications, available funding and the criteria that must be met for transactions. Local Government Affairs Director Gideon Blustein discussed the housing expo and the city-wide open house that will target Joliet renters and workers who commute into Joliet. TRAR members were enthusiastic to introduce the down payment assistance program to their clients and excited to help make the housing expo a great success.

Morning Minute: New ‘Get Realtor®’ ad campaign promotes the benefits of working with a REALTOR®

GetRealtor

Source: NAR

Coming to a social media channel near you: a new consumer advertising campaign from the National Association of REALTORS® (NAR) called “Get REALTOR®.”  NAR’s new campaign seeks to remind younger, tech-savvy consumers of the important benefits of working with a REALTOR® when they buy and sell a home. With today’s technology it has never been easier to search for homes online, but trained real estate professionals bring important experience and expertise to the transaction. Read NAR’s release.

“When it comes to real estate and the Internet, today’s consumers don’t always know what they don’t know,” said NAR President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Florida. “The Get Realtor® campaign demonstrates how Realtors® – members of the National Association of Realtors® – can help buyers, sellers and investors succeed. We want today’s consumers to understand that having a Realtor® at their side is their competitive advantage in the real estate transaction.”

In other headlines:

So You Wanna Sell Your Home? Step 6: Strike the Right Deal – Realtor.com

MBA: Mortgage refinance applications spike thanks to low interest rates – HousingWire

CFPB corrects error in TRID rule – HousingWire

Morning Minute: U.S. homeownership rate heads higher

The homeownership rate is beginning to move higher, climbing to 63.8 percent in the final quarter of 2015, according to Census data. That’s a slight gain from the 63.7 percent rate the quarter before and a move in the right direction after previous declines. Read more about the trend from NAR’s REALTOR® Magazine daily news updates.

In other headlines:
The insider’s guide to local SEO for real estate professionals – Inman

CoreLogic: Home prices maintain pace, increase 6.3% – HousingWire

Morning Minute: Get ready for tax time with these deductions for homeowners

Image: Bigstock

Image: Bigstock

With tax season right around the corner, it’s important not to forget the many tax deductions that might be available to you as a homeowner, from the mortgage interest deduction to tax credits for installing energy-efficient systems to your home.

The blog post, “Don’t Miss These Home Tax Deductions,” from the National Association of REALTORS® site, HouseLogic outlines the different tax breaks that you might qualify for as you prepare your tax returns. Read more.

In other headlines:

U-Haul barometer suggests Chicago is on the housing rebound – Consumer Affairs

The shadow knows: Furry forecaster Punxsutawney Phil predicts an early spring – USA Today

Morning Minute: Report finds fewer seriously underwater homeowners

The number of seriously underwater homeowners — those with a home loan at least 25 percent higher than the property’s estimated market value — has fallen to about half what it was in 2012, according to RealtyTrac. In its latest report, the Year-End 2015 U.S. Home Equity & Underwater Report, RealtyTrac found that by the end of 2015, about 6.4 million homes were seriously underwater, compared to 12.8 million during the peak in 2012. Click here to read more from NAR’s Daily Real Estate News.

In other headlines:

What’s Next for the Housing Market? – Time

Harvard: Why Owning A Home Makes Sense Financially – KCM Blog