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Illinois Home Sales Increase 14 Percent in January from a Year Ago
March 1, 2010 Posted by Illinois RealEstateRama
SPRINGFIELD, IL - March 1, 2010 - (RealEstateRama) — Buyer market conditions remain in most Illinois housing markets as January marked the fifth consecutive month of year-over-year home sales increases while the statewide median price logged its first uptick since September 2007. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in January 2010 were up 14.0 percent, totaling 5,483 homes sold compared to January 2009 sales of 4,809 homes. The median price in January 2010 was $145,300, up 0.2 percent from $145,000 in January 2009. The median is a typical market price where half the homes sold for more, half sold for less.
State Awards $15.4M to Help Homeowners, Landlords Afford Home Repairs
February 11, 2010 Posted by Illinois RealEstateRama
Two programs serve low-income residents, create jobs. CHICAGO, IL - February 11, 2010 - (RealEstateRama) — A new round of $15.4 million in federal affordable housing funds will help low-income residents, including seniors and persons with disabilities, and landlords rehabilitate more than 420 homes across the state, the Illinois Housing Development Authority (IHDA) announced today.
State Regulators Announce Early Results from Sex Offender Match Program
January 27, 2010 Posted by Illinois RealEstateRama
CHICAGO, IL - January 27, 2010 - (RealEstateRama) — The Illinois Department of Financial and Professional Regulation (IDFPR) today announced it had indefinitely suspended the licenses of Edward Kent, a Real Estate Broker and Associate Appraiser who had been convicted of a crime that caused his name to be placed in the Illinois Sex Offender Database. After receiving a complaint about Mr. Kent, the Department undertook to compare its more than one million licensees against that database.
State pays nearly $78,000 to Illinois homeowners hurt by American Escrow closure
November 18, 2009 Posted by Illinois RealEstateRama
CHICAGO, IL - November 18, 2009 - (RealEstateRama) — Thirty-four Illinois homeowners were made whole this month when the Illinois Department of Financial and Professional Regulation (IDFPR) repaid all the money lost from their escrow funds earlier this year. The homeowners were in default for taxes and insurance coverage after Chicago-based American Escrow, LLC went out of business without making the obligatory property tax and insurance payments from their escrow accounts.
Davis Supports Extension of Unemployment Benefits, Home Buyer Credit and Small Business Net Operating Loss Carryback
November 6, 2009 Posted by Illinois RealEstateRama
November 6, 2009 - (RealEstateRama) — Congressman Danny K. Davis (D-IL07) today spoke out for, and voted in favor of, extending Unemployment Benefits, the Home Buyer Credit and a Small Business Net Operating Loss Carryback. The vote today approved amendments added by the Senate to the legislation passed by the House of Representatives six weeks ago. The legislation is expected to be signed by President Obama tomorrow. The provisions of the bill include the following.
Governor Quinn Requests Federal Assistance for Several Southern llinois Counties Federal disaster declaration would help individuals, businesses, local governments and electrical co-ops recovery from May 8 storm
June 3, 2009 Posted by Illinois RealEstateRama
SPRINGFIELD, IL - June 3, 2009 - (RealEstateRama) — Governor Pat Quinn today requested federal assistance to help people, businesses, local governments and electrical cooperatives recover from a devastating storm that hit parts of southern Illinois on May 8. The storm uprooted thousands of trees, causing widespread power outages and blocking countless roads and highways. At least 260 homes in a five-county area were destroyed or suffered major damage, and storm-related costs to state and local governments and electrical cooperatives are expected to top $26 million
Rebuilding Together and NARI Work Together to Assist Low-Income Homeowners
June 13, 2008 Posted by Illinois RealEstateRama
DES PLAINES, IL and WASHINGTON D.C. – June 12, 2008 – Rebuilding Together, the nation’s lead nonprofit working to preserve affordable homeownership, and the National Association of the Remodeling Industry (NARI), the only national association dedicated exclusively to the remodeling industry, have forged an alliance.Â
Schillerstrom: Give home rule a chance…
July 12, 2007 Posted by Illinois RealEstateRama
While the DuPage County Board may have the authority to invoke home rule, it’s uncertain if divided leaders will ever get to that point.Chairman Robert Schillerstrom, though, pushed board members Tuesday to think seriously about the option.
