Yearly Archives: 2011

SPRINGFIELD, IL - March 21, 2011 - (RealEstateRama) -- February home sales in Illinois rose from January while year-over-year comparisons still reflect an impact from the homebuyer tax credit incentive. The single family market shows signs of stabilization with steady median price gains statewide in the first two months of the year compared to 2009 and 2010 levels.

SPRINGFIELD, IL - March 17, 2011 - (RealEstateRama) -- A Springfield, Illinois real estate agent, Darlene M. Adkins, 65, today entered pleas of guilty to concealing assets in a bankruptcy proceeding and making a false statement to a bank, as announced by Jim Lewis, U.S. Attorney for the Central District of Illinois. Sentencing is scheduled for July 18, 2011

WASHINGTON, DC - March 17, 2011 - (RealEstateRama) -- Today, U.S. Representatives Mike Quigley (IL-05) and Elijah Cummings (MD-7) introduced a bill that would increase transparency in property records and save the federal government billions of dollars simply by selling or disposing of unwanted government-owned property.

Chicago, IL - March 17, 2011 - (RealEstateRama) -- February home sales in the seven-county metropolitan Chicago real estate market registered mild declines when measured against January of this year and February of last year, according to an analysis of sales data by the RE/MAX Northern Illinois real estate network. The analysis looked at all sales recorded by Midwest Real Estate Data, LLC, which is the regional multiple listing service

SPRINGFIELD, IL - March 15, 2011 - (RealEstateRama) -- The Illinois Association of REALTORS® (IAR) today released new data that shows mortgage loans above the current conforming limit have not led to an increase in foreclosures in the Chicagoland region as some have previously thought. The data provides evidence to support those advocating for an increase in conventional loan limits in select areas of northern Illinois.

SPRINGFIELD, IL - March 14, 2011 - (RealEstateRama) -- The Illinois Department of Healthcare and Family Services (HFS) today announced the approval of five supportive living facilities (SLFs) selected to participate in an innovative pilot project designed to provide specialized housing and care for persons with dementia. The five sites are in Decatur, Effingham, Rantoul, North Aurora and Chicago.

Washington, DC - March 7, 2011 - (RealEstateRama) -- The National Association of Realtors® month-long Home Ownership Matters Bus Tour kicks off this weekend in Chicago outside of the Chicago Flower & Garden Show on Saturday, March 5. Chicagoans can speak with NAR leaders and invited local officials about the housing issues that matter to them, as well as learn about how public policy developments in Washington could affect their ability to buy, sell and own a home

CHICAGO, IL - March 4, 2011 - (RealEstateRama) -- With spring around the corner, it’s an ideal time for first-time homebuyers and Veterans to take advantage of a statewide affordable loan program available through the Illinois Housing Development Authority (IHDA). SmartMove loan programs enable residents across the state to benefit from historically low interest rates and home prices. SmartMove features down payment assistance and interest rates as low as 4.5 percent

SPRINGFIELD, IL - February 23, 2011 - (RealEstateRama) -- Buyer market conditions remain in most Illinois housing markets as low mortgage interest rates helped spur some early buying in January despite typical slower sales for the winter month. More than half of Illinois counties reported year-over-year increases or no change in home sales for January

Torrance, CA - February 22, 2011 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 10-year lease for a 48,300-square-foot build-to-suit industrial building located within the Fox River Business Center on Airport Road in Elgin. The value of the transaction is undisclosed.

Chicago, IL - February 17, 2011 - (RealEstateRama) -- Home sales in the seven-county metropolitan Chicago real estate market showed encouraging resilience in January even though total home sales slipped 3.7 percent below the level recorded in the same month of 2010, according to an analysis by RE/MAX

CHICAGO, IL - February 17, 2011 - (RealEstateRama) -- The Illinois Department of Insurance is reminding homeowners and renters to prepare for the possibility of a spring flood by checking existing homeowner and renter policy coverage and determining whether to add flood insurance.

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.

EUGENE, OR - February 16, 2011 - (RealEstateRama) -- The Chicago, Illinois real estate market just became simpler and more accessible, through the partnership between IDX, Inc. and Broker Dorothy Jarog. As a member of the Midwest Real Estate Data (MRED), Jarog has long had access to thousands of property listings. Now, her clients and other area home seekers can receive and view the same detailed listings with the click of a mouse, on her convenient and easy-to-use real estate search. Jarog has drastically simplified the online real estate market by adopting IDX Broker software for her real estate website. Never again will potential Chicago buyers be unable to find the perfect property online, thanks to her IDX solution.

WASHINGTON, D.C. - February 14, 2011 - (RealEstateRama) -- Assistant Senate Majority Leader Dick Durbin (D-IL) released the following statement after the Obama Administration announced a plan to dramatically reform the nation’s housing markets and to end Fannie Mae and Freddie Mac, the government controlled financing agencies: