Tag Archives: NAR

Freddie Mac and Fannie Mae Issue Clarifications to HVCC

Written by: - July 24, 2009

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24 July 2009 ? As a result of the efforts of Charles McMillan, the 2009 President of National Association of Realtors (NAR) and its members, Freddie Mac and Fannie Mae this week issued new guidance to all lenders on the Home Valuation Code of Conduct (HVCC). The letter issued on July 22, 2009 by the […]

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Agent, Broker, REALTOR®?What?s the Difference?

Written by: - March 31, 2009

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Agent, Broker, REALTOR®?What?s the Difference?

One of the most common questions I get from people (or at least I get a quizzical look) is what?s the difference between an agent, a broker, and a REALTOR®. This usually happens when they realize I?m using the words differently. For example, ?The agent?s broker told her she had to be a Realtor® in […]

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Chicago’s Home Sales and Home Prices Are Down

Written by: - January 27, 2009

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Chicago’s Home Sales and Home Prices Are Down

The Illinois Association of Realtors® (IAR) announced yesterday that both home prices and home sales were down in Chicago when comparing December 2008 to December 2007. They are also down when comparing all of 2008 to 2007. Chicago Home Sales Figures In December a total of 1,215 homes were sold in Chicago. This is down […]

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Existing-Home Sales Move Up Sharply

Written by: - January 26, 2009

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Existing-Home Sales Move Up Sharply

We probably should have seen this coming, with reports from agents saying they were seeing an unusual increase in buyers wanting to do something. Today The National Association of Realtors® (NAR) released a report stating the seasonally adjusted annual rate of sales of existing homes in December went up to 4.47 million units in December. […]

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