Yearly Archives: 2011

WASHINGTON, DC - June 9, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Illinois and provide support to homeowners and low-income renters forced from their homes following severe storms and flooding during the month of April.

SPRINGFIELD, IL - June 2, 2011 - (RealEstateRama) -- Look for the bright blue balloons and open house signs dotting local neighborhoods this weekend as REALTORS® in Illinois and around the country host the nation’s largest open house event, June 4 and 5.

Northbrook, IL - May 31, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Save-A-Lot property located at 63rd and South Calumet Avenue in Chicago for $2,290,000. The 16,290 square foot building is fully leased to Save-A-Lot on a long term basis.

SPRINGFIELD, IL - May 19, 2011 - (RealEstateRama) -- April marks the third consecutive month of home sales gains in Illinois as low mortgage interest rates and lower-priced inventories add up to affordability conditions not seen in decades. According to the Illinois Association of REALTORS® latest report, statewide home sales (including single family and condominiums) in April 2011 totaled 8,526 homes sold, up 8.5 percent from 7,856 sales in March 2011; sales were down 21.8 percent from the tax credit-bolstered sales gains of 10,897 homes sold in April 2010

Northbrook, IL - May 19, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased PNC Bank property located at 5745 Northwest Highway in Crystal Lake for $2,675,700. The 3,216 square foot building is fully leased on a long term basis to the investment grade rated bank.

Chicago, IL - May 18, 2011 - (RealEstateRama) -- A number of RE/MAX firms in the Northern Illinois real estate market, each of which is independently owned and operated, were recently spotlighted in one of the nation’s most prestigious surveys of real estate company productivity -- Real Trends 500. The 2011 Real Trends 500, an annual report from Real Trends magazine, ranks the 500 most successful residential firms by closed transaction sides and closed sales volume. Rankings are determined by applications received. This year, 501 firms qualified based on transaction volume due to a tie for the final spot.

EUGENE, OR - May 17, 2011 - (RealEstateRama) -- With new clients added daily, IDX, Inc. announces the latest real estate professional to adopt the customizable IDX Broker software: Chicago, Illinois Realtor Luke Krysztofiak. Agents and brokers alike can experience an unprecedented level of access to Midwest Real Estate Data (MRED) listings with the newly IDX enabled website Krysztofiak hosts. His IDX solution gives Krysztofiak the ability to seamlessly integrate thousands of listings onto his search page, revolutionizing the way potential buyers search for and find properties online

SPRINGFIELD, IL - May 17, 2011 - (RealEstateRama) -- The REALTOR® Nationwide Open House Weekend is just around the corner on June 4-5, but if you’re an Illinois homeowner with a home to sell this spring, there’s still time to jump on the bandwagon and get your home “open house ready” for this high exposure weekend.

Washington, DC - May 16, 2011 - (RealEstateRama) -- Congressman Don Manzullo (R-Egan) has unveiled legislation to require Fannie Mae and Freddie Mac to continue paying annual dividends back to the US Treasury to ensure the “ringleaders” of the housing crisis keep paying off their debt to American taxpayers.

SPRINGFIELD, IL - May 10, 2011 - (RealEstateRama) -- Illinois home sales in the first quarter of 2011 reflect the variety of housing opportunities available at attractive prices across the state with close to 70 percent of homes sold priced below $200,000. According to the Illinois Association of REALTORS® (IAR) first quarter 2011 report, Illinois home sales (which include single-family homes and condominiums) totaled 18,940 in the first quarter, down 11.2 percent from 21,320 home sales in the same period a year ago while up significantly by 24.0 percent from the same period in 2009 when just 17,194 homes were sold. The first quarter statewide median home sale price was $131,175, down 8.9 percent from $144,000 in the first quarter of 2010. The median is a typical market price where half the homes sold for more, half sold for less.

WASHINGTON, DC - May 3, 2011 - (RealEstateRama) -- Today, U.S. Representative Mike Quigley (IL-05), along with Reps. Tim Walz (MN-1) and Gary Peters (MI-9), introduced legislation to eliminate taxpayer subsidies for yachts. The Ending Taxpayer Subsidies for Yachts Act will amend a tax provision that allows boat owners to write off their mortgage interest payments if they classify their boats as second homes.

CHICAGO, IL - April 29, 2011 - (RealEstateRama) -- This Saturday, U.S. Representative Mike Quigley (IL-05) will host a Housing Information Fair for constituents to answer questions and assist local families with housing issues including loan modifications, mortgage fraud, and the foreclosure process

Oak Brook, IL - April 29, 2011 - (RealEstateRama) -- Access Media 3, a leading provider of triple-play media services (high-speed internet, satellite TV and voice) to multi-dwelling unit properties, has secured $3 million in new financing from the Hinsdale Bank and Trust Corporation, one of 15 Wintrust Community Bank charters. These funds will support the rapid growth underway at AM3 including the expansion of service in its existing markets in metropolitan Chicago and Minneapolis/St. Paul.

April 28, 2011 - (RealEstateRama) -- John L. Neal, Jr., 51, pled guilty on April 27, 2011, in United States District Court in East St. Louis, Ill.-, to an Indictment charging four counts of bank robbery, the United States Attorney for the Southern District of Illinois, Stephen R. Wigginton, announced today.

Chicago, IL - April 28, 2011 - (RealEstateRama) -- First quarter home sales and median home prices in the seven-county metropolitan Chicago real estate market both registered declines of 11 percent when compared to the same period in 2010, but those figures don’t tell the whole story, according to an analysis by the RE/MAX Northern Illinois real estate estate network.