Illinois Home Sales in December Log Fourth Consecutive Gain Year-End Home Sales Down 1.5 Percent in 2009
SPRINGFIELD, IL - January 26, 2010 - (RealEstateRama) -- Illinois housing markets show signs of stabilizing as low interest rates and the tax credit stimulus helped to reduce inventories through the end of 2009 while more markets reported median price increases in December. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in December 2009 were up 20.1 percent, totaling 8,197 homes sold compared to December 2008 sales of 6,823 homes, marking the fourth consecutive month of year-over-year sales increases statewide. The median price in December 2009 was $152,000 down 1.9 percent from $155,000 in December 2008. The median is a typical market price where half the homes sold for more, half sold for lessFull article: Illinois Home Sales in December Log Fourth Consecutive Gain Year-End Home Sales Down 1.5 Percent in 2009 ...
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- Shelby: Banking Committee Must Fill Leadership Vacuum on Housing Crisis
WASHINGTON, D.C. - February 10, 2012 - (RealEstateRama) -- U.S. Senator Richard Shelby, ranking Republican on the Senate Committee on Banking, Housing and Urban Affairs, today made the following statement at a Committee hearing on the state of the hous...
- AG Settlement Ends Robo-Signing and Provides a Model for Preventing Foreclosures
WASHINGTON, D.C. - February 10, 2012 - (RealEstateRama) -- “The foreclosure settlement announced today will help build a stronger housing market while keeping more people in their homes. But while a significant step toward fixing the foreclosure crisis, this settlement was never intended or able to provide a comprehensive remedy. Much more work is required.
- HUD AWARDS $7.5 MILLION TO FIGHT HOUSING DISCRIMINATION
WASHINGTON, DC - February 10, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development announced today that it has awarded $7.5 million to state and local government agencies that enforce fair housing laws and help communities and housing providers to better understand their fair housing rights and responsibilities (see attached list).
- FEDERAL GOVERNMENT AND STATE ATTORNEYS GENERAL REACH $25 BILLION AGREEMENT WITH FIVE LARGEST MORTGAGE SERVICERS TO ADDRESS MORTGAGE LOAN SERVICING AND FORECLOSURE ABUSES
WASHINGTON, DC - February 10, 2012 - (RealEstateRama) -- U.S. Attorney General Eric Holder, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan, Iowa Attorney General Tom Miller and Colorado Attorney General John W. Suthers announced today that the federal government and 49 state attorneys general have reached a landmark $25 billion agreement with the nation's five largest mortgage servicers to address mortgage loan servicing and foreclosure abuses. The agreement provides substantial financial relief to homeowners and establishes significant new homeowner protections for the future.
- Green Homes Market Expected to Increase Five-Fold by 2016—Up From a $17 Billion Opportunity Today
WASHINGTON, D.C. - February 9, 2012 - (RealEstateRama) -- McGraw-Hill Construction, a part of The McGraw-Hill Companies (NYSE: MHP), today released findings from a new Green Home Builders and Remodelers Study at the National Association of Home Builders (NAHB) International Builders’ Show in Orlando. Green homes comprised 17% of the overall residential construction market in 2011 and are expected to grow to between 29% and 38% of the market by 2016. By value, this equates to a five-fold increase, growing from $17 billion in 2011 to $87-$114 billion in 2016, based on the five-year forecast for overall residential construction.
- RE/MAX Diamond Gives Back to Local Families
Mesa, AZ - February 9, 2012 - (RealEstateRama) -- RE/MAX Diamond Owners Joe & Nick Martin, along with a number of their agents, have teamed up with “Room for Joy” to sponsor a dream room. “Room for Joy” is a local organization dedicated to...
- City of Rancho Cordova Welcomes New KTGY-designed Eco-Friendly Apartment Community
RANCHO CORDOVA, CA - February 9, 2012 - (RealEstateRama) -- The Crossings at New Rancho, the area’s highly anticipated, new affordable apartment community located at 2708 Woodberry Way in Rancho Cordova, Calif., officially opened today. Mayor David...
