Yearly Archives: 2010

EUGENE, OR - December 23, 2010 - (RealEstateRama) -- IDX, Inc. is pleased to announce Ro Malik is the latest real estate professional to adopt IDX Broker software for his website. Now more than ever before, Chicago, Illinois home seekers can experience a thorough and comprehensive online property search right on the IDX enabled website Malik supports. The convenient search capabilities are backed by the Midwest Real Estate Data (MRED) listings, which display thousands of detailed property listings instantly on the website Malik has synced with an IDX solution. He can now give his clients the most innovative property search experience available to potential buyers searching for homes online.

SPRINGFIELD, IL - December 22, 2010 - (RealEstateRama) -- Economic and seasonal factors and a residual tax credit effect impacted home sales in November while prices held steady for three consecutive months with half of Illinois counties reporting posting a median price increase or no change from a year ago. According to the Illinois Association of REALTORS® latest report, statewide total home sales (single family and condominiums) were down 3.5 percent year-to-date January through November 2010 with 95,973 home sales posted compared to 99,494 home sales for the same period in 2009. For the month of November home sales totaled 6,884, down 34.5 percent from 10,505 home sales in November 2009

Chicago, IL - December 22, 2010 - (RealEstateRama) -- This wasn’t an easy year to be a real estate agent, even if 2010 turned out to be a better year than 2009. However, according to a new survey by Chicago Agent magazine, things might be looking up for 2011. In the magazine’s most recent issue, readers responded positively to a survey designed to gauge industry predications for 2011

December 20, 2010 - (RealEstateRama) -- Mayor Richard M. Daley today officially opened the new Branch of Hope Apartments, which will provide 100 units of affordable, supportive housing in the City’s Englewood community. “Branch of Hope is another new development that demonstrates the city’s strong commitment to providing affordable and supportive housing for our residents who need it,” Daley said in a ceremony at the apartments, 5628-30 S. Halsted St.

CHICAGO, IL - December 15, 2010 - (RealEstateRama) -- In an effort to clean up the foreclosure process in Illinois, Brent E. Adams, Secretary of the Illinois Department of Financial and Professional Regulation (IDFPR), today released a 9-point “affidavit preparation expectations” plan

ZION, IL - December 9, 2010 - (RealEstateRama) -- Twenty units of permanent supportive housing in Lake County for victims of domestic abuse will be built as a result of the financial investment of the Illinois Housing Development Authority (IHDA). An estimated 82 jobs will be created with the construction of the new A Safe Place development

CHICAGO, IL - November 29, 2010 - (RealEstateRama) -- Governor Pat Quinn today joined local schoolchildren to light the state of Illinois’ annual holiday tree and launch the Illinois Heroes holiday card drive. Governor Quinn encouraged schoolchildren from across the state to take part in the annual drive by making holiday cards for servicemembers at the Landstuhl Regional Medical Center (LRMC) in Germany. Governor Quinn will personally deliver the cards during a visit to troops at LRMC later this year.

Chicago, IL - November 25, 2010 - (RealEstateRama) -- Mayor Richard M. Daley today joined officials from the Historic Chicago Bungalow Association (HCBA), development partners and residents of the South Shore community in dedicating a fully rehabbed green bungalow that showcases innovative ways to make these iconic Chicago homes more energy efficient and adaptable for today’s families.

SPRINGFIELD, IL - November 23, 2010 - (RealEstateRama) -- October continued the trend of median price growth in the majority of Illinois counties, sales were lower due to seasonal and residual tax credit factors; year-to-date sales remain positive even as the economy and foreclosures slow the recovery. According to the Illinois Association of REALTORS® latest report, year-to-date total home sales (which include single-family and condominiums) statewide are up 0.1 percent January through October 2010 with 89,050 home sales compared to 88,989 home sales for the same period in 2009; year-to-date sales are up 4.6 percent in the Chicagoland Primary Metropolitan Statistical Area (PMSA). For the month of October, statewide home sales totaled 7,325, down 34.2 percent from 11,129 home sales in October 2009.

MOLINE, IL - November 23, 2010 - (RealEstateRama) -- Illinois Housing Development Authority (IHDA) officials today celebrated the groundbreaking of 69 affordable rental homes financed through the State of Illinois to help Moline families live near the workplace. An estimated 51 jobs will be created with the construction of Moline Enterprise Work-Live Lofts

Chicago, IL - November 22, 2010 - (RealEstateRama) -- The affordability of a classic single-family home has improved by 66 percent in the seven-county metropolitan Chicago real estate market over the last five years, according to a review by RE/MAX employing the traditional measure of home affordability developed by the National Association of REALTORS® (NAR).

Chicago, IL - November 22, 2010 - (RealEstateRama) -- Home prices in the metropolitan Chicago real estate market reached somewhat firmer ground in October even as the volume of homes changing hands continued to decline. Both the median and average price of homes sold in the seven-county metro area were higher for October than during the previous month, while transaction volume was 14 percent lower than in September.

SPRINGFIELD, IL - November 10, 2010 - (RealEstateRama) -- More than half of Illinois counties reported gains in the median home sale price during the third quarter of 2010 compared to a year ago despite the post-tax credit slowdown in sales activity. According to the Illinois Association of REALTORS® (IAR) third quarter 2010 report, Illinois home sales (which include single-family homes and condominiums) totaled 24,628 in the third quarter, down 24.9 percent from 32,776 home sales in the same period a year ago. The third quarter statewide median home sale price was $154,000, down 6.1 percent from $164,000 in the third quarter of 2009. The median is a typical market price where half the homes sold for more, half sold for less.

Chicago, IL - November 9, 2010 - (RealEstateRama) -- Home sales activity in the metropolitan Chicago real estate market registered a solid gain of 11 percent for the first nine months of 2010 when compared to the same period in 2009. That was achieved even as third-quarter transaction volume was 22.8 percent lower than the same period last year.

Chicago, IL - November 5, 2010 - (RealEstateRama) -- Chicago Agent magazine honored 15 exceptional companies and individuals on Nov. 3 in a ceremony celebrating the magazine’s fifth annual Agents’ Choice Awards. The awards ceremony event was held at Aquae Sulis in Lincoln Park. Over 150 guests were in attendance, representing and supporting each of the nominees