Yearly Archives: 2011

WASHINGTON, DC - October 6, 2011 - (RealEstateRama) -- U.S. Representatives Mike Quigley (IL-05) introduced The Mortgage Credit Availability Act of 2011 (H.R. 3084), which authorizes the Director of the Federal Housing Finance Agency (FHFA) to temporarily increase the conforming loan limits for mortgages that originated in high-cost areas.

Upper Marlboro, MD - September 29, 2011 - (RealEstateRama) -- A new report on green certification costs for home building and remodeling in the Chicago market says that the National Green Building Standard (NGBS) is a more flexible, affordable alternative for certifying single-family homes, townhouses, and condos than other national or regional green building certifications. The study compared the NGBS with the Chicago Green Homes (CGH) program and LEED-H, the rating system for single-family homes developed by the U.S. Green Building Council.

Chicago, IL - September 28, 2011 - (RealEstateRama) -- Kathy Dames, a 27-year Illinois real estate veteran, will open her own RE/MAX office in Shorewood, Ill., when RE/MAX Ultimate Professionals debuts in November at 576 Brookforest Ave. in the Brookforest Plaza shopping center.

ROCK ISLAND, IL - September 22, 2011 - (RealEstateRama) -- A new housing development opened today in Rock Island that will provide affordable and quality apartments for persons with special needs so they can live in a community setting.

CHICAGO, IL - September 22, 2011 - (RealEstateRama) -- Chicago region foreclosure cases are taking longer to complete the foreclosure process, resulting in a dramatic drop in foreclosure completions from the first half of 2010 to the first half of 2011, new data from Woodstock Institute show. As fewer cases complete the foreclosure process each quarter, it is likely that the number of homes tied up in the foreclosure process is growing.

SPRINGFIELD, IL - September 21, 2011 - (RealEstateRama) -- According to the Illinois Association of REALTORS® (IAR) latest report, statewide home sales (including single family and condominiums) in August 2011 totaled 10,622 homes sold, up 25.9 percent from 8,434 home sales in August 2010. The statewide median price in August was $149,000, down 5.4 percent from $157,500 in August 2010. The median is a typical market price where half the homes sold for more, half sold for less.

ELGIN, Ill. - September 19, 2011 - (RealEstateRama) -- RE/MAX Professional Advantage, a top real estate brokerage in Byron, Ill., moved to a new location in August to help strengthen its leading position in the city. The real estate agents at RE/MAX Professional Advantage are now doing business from an office at 404 W. Blackhawk

Torrance, CA - September 19, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest commercial real estate firms in the country, continues its torrid growth in the Midwest retail brokerage scene by adding a pair of senior vice presidents to its Chicago office. Joseph Herron and Jason Sorce have both joined Lee & Associates Chicago to help bulk up the firm’s retail brokerage as part of its rapid expansion in the Midwest.

CHICAGO, IL - September 16, 2011 - (RealEstateRama) -- Governor Pat Quinn today announced a program to help approximately 15,000 Illinois homeowners threatened by foreclosure. The Illinois Hardest Hit program utilizes $345 million in federal funds to support working families having trouble making mortgage payments due to unemployment or under-employment.

Eugene, OR - September 16, 2011 - (RealEstateRama) -- IDX Broker is pleased to announce that Gail Jensen of ERA Real Estate has chosen to employ the innovative IDX broker software to improve the functionality and ease of her professional website. By seamlessly integrating her website with IDX Broker software her website now provides thousands of properties for the specific area interested in. As a long time member of the Midwest Real Estate Date MLS (MRED), Jensen now is able to provide her clients with the same accessibility to raw data of MRED MLS that once was only accessible for brokers.

CHICAGO, IL - September 15, 2011 - (RealEstateRama) -- Those looking to own a great new home in Chicago will have an unparalleled opportunity this fall when the remaining 81 homes in five new Chicago real estate developments will be offered at greatly reduced prices and with great incentives.

EUGENE, OR - September 5, 2011 - (RealEstateRama) -- IDX, Inc. welcomes agent Sung Kang and Inception Homes to the growing list of realtors and brokers who have chosen to integrate the remarkable IDX Broker software into their websites. By adding a personalized IDX solution, Kang can sync Midwest Real Estate Data (MRED) listings directly to his search page, giving home seekers in Chicago and surrounding areas a simple and comprehensive way to locate their ideal property. Kang now hosts a dynamic real estate search page, with featured listing slideshows and even an iPhone application.

August 31, 2011 - (RealEstateRama) -- Mayor Rahm Emanuel today announced the Micro-Market Recovery Program, an innovative new program for Chicago that will address foreclosures and stabilize property values in key neighborhoods throughout the city.

Torrance, CA - August 31, 2011 - (RealEstateRama) -- Emily A. Fox has joined national real estate law firm Pircher, Nichols & Meeks as a litigation associate in its Chicago office. In her new position, she will focus on commercial real estate litigation, including foreclosures and mechanic’s lien claims.

SPRINGFIELD, IL - August 30, 2011 - (RealEstateRama) -- A new law signed this week by Governor Pat Quinn allows Illinois landowners or lessees the option of using purple paint markings on trees or posts on their property as a “no trespassing” notice. The “Purple Paint Law” is designed as an alternative which Illinois landowners can use to protect their property from trespassing.