Real Estate News
Local Housing Market
Good time to be a Roscoe realtor, bad time to be a home buyer
March 30, 2022- Nearly one quarter of homes on the market across the U.S. had at least four offers last year.
Those who have been looking for a new home have probably felt the struggle. A home that recently sold in Winnebago County had over 20 offers. It is reportedly a great time to be a seller, but buyers are in a much different boat. The question is, what do residents need to make a winning bid?
“I just didn’t really expect how aggressive the market was, definitely didn’t realize how little we had on the market until I got into the industry,” said new realtor Ken Hirano.
Rising rents are increasing demand for homebuying
March 30, 2022- On a nationwide scale, house prices and rents have been on the rise and don’t seem to be slowing down. Here’s what we are seeing in the Stateline.
The Rockford Area Realtors are reporting to have sold 29% more homes in February than they did in February 2021.
Across Winnebago, Boone and Ogle Counties, 325 homes were sold - 74 more than last February.
Although the housing market in our region is trending in the right direction, there are concerns about low inventory.
13 News spoke with a single mom who needs more space for her family. As a first-time homebuyer, she says she is tired of paying high rent.
The organization says a low inventory of homes for sale is a contributing factor to the slowdown.
“Low inventory continues to be a factor in the market, pushing sales lower and prices higher, but buyer demand remains strong, buyers just can’t find the homes they want,” Conor Brown, CEO of Rockford Area Realtors, said in a news release.
Signs of a cool down for Rockford's hot housing market? What April sales data tells us
June 6, 2022- Rising mortgage rates and a lingering shortage of inventory are contributing to a slow down in the region’s sizzling housing market, according to Rockford Area Realtors.
Single-family home sales in Winnebago, Boone and Ogle counties declined 1.5% in April compared to the same month in 2021.
“Low inventory continues to be a factor in the market, pushing sales lower and prices higher, but buyer demand remains strong,” Rockford Area Realtors CEO Conor Brown said in a news release. “Buyers just can’t find the homes they want.”
3 Realtor Groups Merge To Create A ‘Stronger Realtor Voice’ In Rockford Region
June 16, 2022 - Rockford Area Association of Realtors will merge with two other real estate groups to create a new joint association in an effort to expand its reach and customer benefits.
Rockford Area Realtors, Belvidere Board of Realtors and Realtor Association of Northwestern Illinois announced the merger Thursday at a news conference at Rockford Area Realtors on Tebala Boulevard.
The new association is named NorthWest Illinois Alliance of Realtors and will represent Realtors with nearly 6,700 annual homes sales.
“These mergers have come through a vision for a much larger and stronger organization that can provide more for our members, more for homebuyers and more for homesellers,” said Conor Brown, who will serve as the CEO of the new group.
REALTORS® in the News
Young Professionals Network hosts fundraiser benefiting Family Peace Center
March 11, 2020 - 23 News Anchor Shannon Kelly had the chance to get behind the bar along with Mayor Tom Mcnamara for the Rockford area realtors Young Professionals Network celebrity bartending event. The main attraction was dare-aoke.
Rockford Area REALTORS® donate $10K to help local Family Peace Center
December 6, 2020 - The Young Professionals Network of the Rockford Area REALTORS® (RAR) showed its support this week for a project designed to help local survivors of domestic violence, sexual assault, child abuse, elder abuse and human trafficking.
Three local REALTOR® associations support their communities
August 14, 2020- Members of the Heartland REALTOR® Organization (HRO) of greater McHenry County, the REALTOR® Association of Northwestern Illinois (RANWIL) and the Rockford Area REALTORS® showed their community spirit in memorable ways during the COVID-19 pandemic.
As inspiration for their actions, the local associations drew from the RPAC Hearts for Healthcare Workers Challenge.
Rockford Area Realtors teams up with local food bank this holiday season
November 19, 2020- A group of Stateline realtors teamed up with the Northern Illinois Food Bank to ensure the community doesn't go hungry.
Rockford Area Realtors usually hosts an annual holiday event where people donate funds and the groups donate the money to a local non-profit. This year, because of the pandemic, it wasn't able to host the event.
Rockford Area Realtors contributes to Rebuilding Rockford campaign
January 21, 2021 - The Rockford Area Realtors presented a $10,000 check to the community-led Rebuilding Rockford Campaign to express support for the extension of a city of Rockford public roads and infrastructure referendum that will appear on the Consolidated Election ballot on Tuesday, February 23, 2021.
Rockford Area Realtors supports the community-led campaign with $10,000 to continue its efforts to educate voters on the extension of the 1 percent public roads and infrastructure sales tax.
REALTORS® partner with 23 local governments to pass fair housing resolutions during Fair Housing Month
April 2021 - From Belvidere to Belleville, local governments locked arms with local REALTORS® to pass fair housing resolutions during Fair Housing Month in 2021.
Each year, April is recognized by Congress as Fair Housing Month in the United States to commemorate the passage of the Fair Housing Act in 1968. This year, the Illinois REALTORS® encouraged the passage of fair housing proclamations by local government bodies across the state.
Boone County REALTORS® continue support of local real estate development with grant money
July 8, 2021- Boone County REALTORS®, a chapter of Rockford Area REALTORS®, gave a $2,500 grant to Growth Dimensions Economic Development for Belvidere & Boone County this summer.
The grant money is one of several contributions local REALTORS® have made to help bring commercial and residential development to the area, according to Illinois REALTORS® Local Governmental Affairs Director Neeley Erickson. Boone County members have built strong relationships with Growth Dimensions, and Boone County REALTORS® President Christi Steines is a member of the Growth Dimensions Board of Directors.
Rockford Area Realtors raises money for Miss Carly’s through Epic Water Battle
July 22, 2021- An epic battle took place in Rockford on Thursday...an epic water battle, that is.
It was held by Rockford Area Realtors at Sportscore One. Teams could sign up and compete against each other by trying to throw as many water balloons as possible into buckets in three minutes. The event aimed to raise money for Miss Carly's. The group provides food, shelter and supplies for homeless people in Rockford as well as helps people struggling with poverty and drug addiction.
‘For Everyone To Enjoy’: New Deck Overlooks Levings Lake In Rockford
November 3, 2021 - A new deck overlooking the banks of Levings Lake will give park-goers a place to relax, picnic or watch the action at West Rock Wake Park.
Members of the Rockford Area Association of Realtors put some of the finishing touches on the project Wednesday by planting a pair of trees near the park’s entrance at 1420 Pierpont Ave.
The Realtors provided a $5,000 grant to help cover the cost of building the composite wood deck, which replaces picnic benches that rested in a sandy bank of the lake that had once served as a beach.
REALTORS® show their support for Rockford by securing $12.1K for three park district projects
November 5, 2021- After raising funds to help the Rockford Park District with a portable fitness project for local youths, the Rockford Area REALTORS® (RAR) are using their influence to help the park district develop one park and improve another one.
First, RAR applied for and secured a $1,500 National Association of REALTORS® (NAR) Placemaking Level 1 Grant and added $150 of its own funds to support a Youth Fitness Pop-Up Park.
Over the course of nine days, park district volunteers used an empty lot next to Clarence Hicks Memorial Sports Park on the city’s southwest side to test the idea. Using signage to identify the activities and educate participants, volunteers led boys and girls in track and field activities and helped them safely use power fitness ropes, plyometric boxes and other exercise equipment.