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Tornado-Affected Homeowners to Get Aid from SBA, Not FEMA

Residents in north central Illinois whose real estate was affected by tornadoes that touched down on June 5 are eligible to apply for a low-interest loan to clean up the mess.
Governor Pat Quinn on Tuesday announced that the state has been granted a U.S. Small Business Administration (SBA) disaster declaration, which will provide homeowners, renters [...]

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Home Prices in Illinois Finally Inching Up

Good news about the Illinois and Chicago real estate market is so nice, isn’t it? Well, here is some more, and it happens to be the news we’ve been waiting for.
Each month this year we’ve reported on an increase in sales, and April was no different. According to the Illinois Association of REALTORS, 10,323 Illinois [...]

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First-Quarter Home Sales Offer Reason to Celebrate

Suburban and Chicago real estate saw a huge boost in first-quarter sales this year, thanks in large part to the Federal Homebuyers Tax Credit.
According to the Illinois Association of Realtors (IAR), the city of Chicago marked the biggest increase, with the sale of existing homes up 41.6 percent in the first quarter of this year [...]

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Moving On Up: Home Sales Continue to Rise Around the Chicago Area

Great news for the Chicago real estate market: The sale of existing homes increased almost 50 percent in March compared to a year ago.
According to the Illinois Association of Realtors, there were 1,814 Chicago homes sold last month and only 1,212 sold in March 2009; a 49.7 percent increase. That makes March 2010 the seventh [...]

Chicago Real Estate Market Improving

The Chicago area real estate market is beginning to stabilize.
According to a report released Monday by the Illinois Association of Realtors, Chicago area home sales rose for the eighth straight month and were up 32 percent in February compared to last year’s February numbers.
In fact, total home sales in February 2010 were up over the [...]