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Chicago, IL - August 2, 2011 - (RealEstateRama) -- The Chicago City Council today approved eight ordinances supporting neighborhood amenities, business development, affordable housing and historic preservation

Chicago, IL - July 29, 2011 - (RealEstateRama) -- RE/MAX increased its share of residential properties sold in the Chicago real estate market to 8.5 percent during the first half of 2011, up from 7.6 percent in first half 2010. As a result, RE/MAX has moved up into second place among real estate brands that do business in the city.

SPRINGFIELD, IL - July 22, 2011 - (RealEstateRama) -- The Illinois Association of REALTORS® (IAR) has conducted a thorough review of the city of Chicago median price report program and has identified the cause of inconsistent median price calculations. IAR also employed an outside Certified Public Accounting/Technology firm, Sikich LLP to conduct an independent review of the city of Chicago issue. The findings of both reviews were consistent as to the cause and action necessary to correct methodology.

CHICAGO, IL - July 18, 2011 - (RealEstateRama) -- Governor Pat Quinn today announced the creation of the Mortgage Resolution Fund (MRF) using $100 million of the state’s $445.7 million in Hardest Hit Fund dollars to purchase notes in the Chicago area. The Illinois Housing Development Authority (IHDA) board today approved the new program, which will enable these loans to be permanently modified to affordable levels.

TINLEY PARK, IL - July 12, 2011 - (RealEstateRama) -- July 11, 2011. Governor Pat Quinn today announced $6.6 million in federal funding to increase affordable housing, stabilize communities and make infrastructure improvements in six south suburban Cook County communities. Awarded through the “IKE” Disaster Recovery Program, the funding will be used to purchase and rehab or demolish vacant or abandoned homes and to upgrade water-sewer lines and roads in the vicinity of the targeted housing projects.

SPRINGFIELD, IL - July 12, 2011 - (RealEstateRama) -- SPRINGFIELD, Ill.—The Illinois Association of REALTORS® (IAR) is investigating a technical error related to inconsistent data reporting affecting sales volume and media price reports for the city of Chicago. This error has resulted in inaccurate median price and sales volume reports for single-family homes and condominiums, in the city, possibly dating back to 2008 when IAR first began reporting city data at the request of the Chicago Association of REALTORS®.

Washington, DC - July 7, 2011 - (RealEstateRama) -- Congressman Don Manzullo (R-Egan) introduced legislation today 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.

Northbrook, IL - July 1, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased ConocoPhillips property located at 10 S. Randall Road in Algonquin, IL for $5,176,000.

OSWEGO, IL - June 17, 2011 - (RealEstateRama) -- Dozens of Kendall County seniors living on a limited budget will have new affordable housing opportunities in spring 2012. Construction is set to start on the 60-unit Diamond Senior Apartments of Oswego as a result of the investment of the Illinois Housing Development Authority (IHDA), the state’s housing finance agency. IHDA financed $1.6 million in federal housing tax credits on behalf of the administration of Governor Pat Quinn to build the apartments. The development also will provide a boost to the local economy by creating an estimated 114 quality jobs, including construction jobs

SHOREWOOD, IL - June 13, 2011 - (RealEstateRama) -- The Illinois Housing Development Authority (IHDA) today celebrated the opening of apartments that will help dozens of seniors live affordably in the Will County community. The 51 new apartments of Shorewood Horizon Senior Living Community will ensure seniors in the Village of Shorewood have access to safe, decent and affordable housing. Construction created an estimated 42 quality jobs.

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.

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.

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.

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