Illinois 2Q11 Housing Market Reflects Last Year’s Final Tax Credit Push
SPRINGFIELD, IL - August 10, 2011 - (RealEstateRama) -- According to the Illinois Association of REALTORS® (IAR) second quarter 2011 report, Illinois home sales (which include single-family homes and condominiums) totaled 29,316 in the second quarter, down 18.0 percent from 35,746 home sales in the same period a year ago while 2010 sales were up significantly by 28.2 percent from 2009 sales of 27,890. The second quarter statewide median home sale price was $142,000, down 11.3 percent from $160,000 in the second quarter of 2010. The median is a typical market price where half the homes sold for more, half sold for less.
Homebuyer Tax Credit Extension for U.S. Service Members Expires April 30
Springfield, IL - February 16, 2011 - (RealEstateRama) -- U.S military personnel and certain other federal employees serving overseas must act quickly if they plan to take advantage of the federal tax credit of up to $8,000 for first-time buyers and $6,500 for long-time homeowners that expires on April 30, 2011. Members of the U.S. military, foreign serviceand intelligence communities were given an extra year to claim the tax credit, which expired in 2010 for all other homebuyers.“The tax credit has been a great incentive for new and repeat homebuyers and U.S. service members have but a short window to claim it before it is gone. At a time when affordable home prices have never been better, U.S. service members can get even more homebuying power with a sizable tax credit that they don’t have to pay back,” said REALTOR® Sheryl Grider Whitehurst, ABR,CRB,GRI, president of the Illinois Association of REALTORS® and the Development and Operations Coordinator for Traders Realty in Peoria.
Legum & Norman, Mid-West Adds Wolfram Towers to Client Portfolio
Chicago, IL - January 11, 2011 - (RealEstateRama) -- Legum and Norman (L&N), Mid-West, an Associa company, is pleased to announce the addition of Wolfram Towers to its client portfolio