Yearly Archives: 2010

FOX LAKE, IL - August 26, 2010 - (RealEstateRama) -- Built as a result of nearly $3 million in financing through the State of Illinois, a new development of 100 rental homes for low-income seniors officially opened today in north suburban Fox Lake. An estimated 150 jobs were created during the construction of Thomas Place Fox Lake

Chicago, IL - August 24, 2010 - (RealEstateRama) -- Jaclyn Janssen has joined the national real estate law firm Pircher, Nichols & Meeks as a litigation attorney within its Chicago office. In her new position, she will focus on litigating matters in the areas of real estate development, acquisitions, dispositions, financing, leasing, foreclosures and constructions.

Batavia, IL - August 24, 2010 - (RealEstateRama) -- Today, Congressman Bill Foster (IL-14) joined representatives from the DeKalb County Housing Authority to celebrate the completion of the water pipe replacement project at Golden Years Plaza, which received $551,289 in stimulus funding to complete this long overdue renovation

SPRINGFIELD, IL - August 24, 2010 - (RealEstateRama) -- After nearly a full year of home sales gains statewide, the rush to meet the homebuyer tax credit deadline combined with weak job and economic reports led to a lull in Illinois home sales activity in July. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in July 2010 were down 29.7 percent, totaling 8,135 homes sold compared to July 2009 sales of 11,566 homes. The median price in July 2010 was $160,000, down 4.3 percent from $167,185 in July 2009. The median is a typical market price where half the homes sold for more, half sold for less.

BOLINGBROOK, IL - August 16, 2010 - (RealEstateRama) -- On behalf of the administration of Governor Pat Quinn, Illinois Housing Development Authority (IHDA) Executive Director Gloria L. Materre today joined local officials to celebrate the groundbreaking of 106 homes for low-income seniors in southwest suburban Bolingbrook. Construction on the McKenzie Falls affordable apartments will create an estimated 130 jobs

CHICAGO, IL - August 12, 2010 - (RealEstateRama) -- The state of Illinois, Chicago Public Schools and Harris N.A. have made the list of the nation’s top 50 green power partners using the most renewable electricity, U.S. Environmental Protection Agency announced today.

BLUE ISLAND, IL - August 12, 2010 - (RealEstateRama) -- As the state’s housing finance agency under Governor Pat Quinn, the Illinois Housing Development Authority (IHDA) today celebrated the grand opening of 90 new affordable homes for seniors in south suburban Blue Island. Senior Suites of Fay’s Point features sustainable building materials and a geothermal heating and cooling system, highlighting the state’s dedication to encouraging green development

CHICAGO, IL - August 12, 2010 - (RealEstateRama) -- Governor Pat Quinn today issued a statement praising the Obama Administration’s announcement of additional support to “Hardest Hit” states with high unemployment to assist in foreclosure prevention. The U.S. Department of the Treasury will make $2 billion of additional assistance available to unemployed homeowners struggling to make mortgage payments. Illinois is eligible to receive more than $166 million in federal funding to help unemployed homeowners having trouble making mortgage payments

SPRINGFIELD, IL - August 11, 2010 - (RealEstateRama) -- Second quarter Illinois home sales figures reflect the continued positive impact of the tax credit and strong buyer market conditions while the statewide median price showed stability over the entire second quarter. According to the Illinois Association of REALTORS® (IAR) second quarter 2010 report, Illinois home sales (which include single-family homes and condominiums) totaled 35,628 in the second quarter, up 27.7 percent from 27,890 home sales in the same period a year ago. The last quarter when sales totals were higher than second quarter 2010 was third quarter 2007 when home sales reached 39,904

WASHINGTON, DC - August 10, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced that it is charging a Chicago couple, their real estate agent, and a real estate broker with refusing to sell a home listed for $1.799 million to a black couple because of their race, in violation of the Fair Housing Act. The charge alleges that owners Daniel and Adrienne Sabbia and real estate agent Jeffrey Lowe stalled negotiations and took the property off the market after receiving a $1.7 million offer from radio personality and comedian George Willborn and his wife, businesswoman Peytyn Willborn.

U.S. EPA Ranks Illinois as Second-Highest Green Power Purchasing State CHICAGO, IL - August 5, 2010 - (RealEstateRama) -- Governor Pat Quinn today announced that, for the first time ever, Illinois is ranked on the U.S. Environmental Protection Agency’s (EPA) list of the nation’s 50 largest green power purchasers. Illinois ranked 23 overall and second among state governments listed

Batavia, IL - August 4, 2010 - (RealEstateRama) -- Today, Rep. Bill Foster (IL-14) held a meeting with area Realtors in his Batavia office to discuss their important role in growing our economy and creating jobs.

CHICAGO, IL - August 3, 2010 - (RealEstateRama) -- Governor Pat Quinn today signed legislation that will boost affordable housing development across Illinois. Governor Quinn also signed a bill into law that will for the first time create funding to protect Illinois homeowners from foreclosure, and help stabilize communities throughout the state

SPRINGFIELD, IL - August 3, 2010 - (RealEstateRama) -- While every household should have a disaster preparedness kit stocked with survival necessities such as food, water, flashlights and batteries, homes with pets and livestock need to take an extra step when planning for disasters. Whether an emergency forces people to seek shelter within the home or evacuate, advanced planning can ensure pet and livestock safety and make the situation much less stressful.

CHICAGO, IL - August 2, 2010 - (RealEstateRama) -- August 1, 2010. Governor Pat Quinn today signed a bill into law to reform property assessments for millions of Illinois homeowners and provide property tax relief for Cook County residents.