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A New Start for New Construction

There’s good news for new construction. Well, sort of.
The U.S. Commerce Department is reporting that the sales of newly built, single-family homes rose 23.6 percent to 330,000 units in June.
Of course, this is coming off May’s historic low of only 267,000 new homes sold.
If you average out the number of homes sold between May and [...]

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Low Down Payment Programs Still Available for Certain Chicago Home Buyers

The Equifax Personal Finance Blog gives information and links for two types of programs that do not require the higher down payments that have become typical in today’s market. Most lenders are requiring at least 5 percent down, but loans are still out there for $100 or even zero down.
Real estate expert Ilyce Glink talks [...]

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Chicago Flood Victims: Save Your Stuff at U-Haul for Free

U-Haul wants to help those Chicago area residents affected by this last weekend’s massive rainfall.
Homes throughout the area were flooded and some residents had to be evacuated due to the five to seven inches of rain that enveloped our area on Friday night and early Saturday morning.
The U-Haul Company of North Shore Chicago is offering [...]

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The Countdown to be Counted is On

You should have received a census form months ago. If you didn’t fill it out and return it by the April 16 deadline, a census taker should have visited your home.
If neither scenario played out and you are a Chicago resident, it’s time to call 311.
The deadline is running out to be counted [...]

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Downtown Chicago Continues to Transform Into Set

So, have you had a chance to get a glimpse of the movie Transformers 3 being shot in downtown Chicago?
The filming continues this weekend, which means city street closures and CTA bus reroutes.
There will also be low-flying helicopters from 8 a.m. to 8 p.m. on Saturday and Sunday along the Chicago River, so be sure [...]

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Chicago and Suburban Home Sales Keep Moving Up

The Chicago real estate market is showing signs of stabilization.
On Thursday, the Illinois Association of Realtors (IAR) reported that existing home sales went up for the 10th straight month in Chicago and throughout Illinois.
According to IAR’s latest report, there were 2,526 total home sales in June 2010 in the city of Chicago; that’s a 27.5 [...]

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Homer Glen Listing Offers Interesting Incentive

Desperate times call for creative measures.
The Joliet Herald is reporting that there is a home for sale in Homer Glen that offers 5 bedrooms, 3.5 baths, a 3-car garage and a 2001 Mercedes convertible.
The 2-story Georgian, located at 13549 W. Oakwood Court in the southwest suburb, is listed for $599,000. It has been on the [...]

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Win-Win: Chicago Suburb Saves Energy, Earns Prize

And the winner of the ComEd Community Energy Challenge is — drum roll, please — the Village of Schaumburg!
The yearlong ComEd conservation contest is part of a pilot program designed to help towns in the ComEd service territory save energy.
Nine municipalities participated in the challenge, which ended May 31.
Together, they saved more than 34.9 million [...]

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Illinois Sales Tax Holiday Means Back to School For Less

Going back to school can be expensive. In fact, according to the 2010 Huntington Backpack Index, the average cost to send a child back to school with all the school-recommended supplies this fall is approximately $474 for elementary school, $545 for middle school and $1,000 for high school students! Only middle-school costs increased from the [...]

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No Clear Plan for Former School Site in Wheaton

Wheaton city council members met this week to discuss ideas for redeveloping a 22-acre site that used to be a middle school.
Ideas were formed. Decisions were not.
Steve Friedman, of S. B. Friedman & Company, offered an array of development choices from residential to commercial to mixed-use.
And each has its own sets of pluses and minuses.
Friedman [...]

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Sneak a Peak into a Suburban LEED-Certified Home

Want to see a completed LEED Platinum certified home right here outside Chicago?
The Gworek Residence, located at 842 Oakwood in Wilmette, will be opening its doors for registrants to take a LEED tour this Friday.
The energy-efficient home, which was designed by Holbert and Associates Architects and built by Scott Simpson Builders for a family of [...]