All Housing Content
Homeowners struggling to make their mortgage payments should not have to pay pricey fees to firms that claim they can negotiate with lenders for them.
URBANA – A University of Illinois economist is forecasting a dismal autumn for Illinois home sales, primarily because private-sector job growth is so weak.
Home sales in August, September and October are likely to be down from the same months a year ago, said Geoffrey Hewings, director of the UI's Regional Economics Applications Laboratory.
CHAMPAIGN – Two older local family public housing complexes could be demolished and replaced in the future if a federal grant is given to the Champaign County Housing Authority.
CHAMPAIGN – Champaign County home sales fell off sharply in July.
The number of homes sold and closed was 175 – fewer than half the 374 sold and closed in June, according to the Champaign County Association of Realtors' Multiple Listing Service.
The July figures were also down sharply from a year earlier, when there were 337 sale closings.
CHAMPAIGN – Work has begun on a 144-unit expansion to Windsor West Apartments in southwest Champaign.
The expansion will nearly double the size of the apartment community, located south of Windsor Road and west of Interstate 57.
The first phase, which opened in March 2009, consists of 10 buildings with 172 one-, two- and three-bedroom apartments.
CHAMPAIGN – Local home builders say they've seen a slowdown in new home starts now that the tax credit for first-time homebuyers has largely disappeared.
"People are still being cautious," said Mike Martin, president of the Home Builders Association of East Central Illinois. "There's activity, but it's not as it was a few years ago."
DANVILLE – The Danville Housing Authority will hold its annual Summer Health and Safety Fair from 10 a.m. to 2 p.m. Thursday at the Fair Oaks Pavilion, near the basketball courts in the Fair Oaks Housing Complex, 1607 Clyman Lane.
Public housing v. Section 8
Public housing units: Apartments in complexes, like the Fair Oaks Housing complex, are rented to qualifying tenants based on their income. Fair Oaks alone has more than 320 units.
DANVILLE – Mayor Scott Eisenhauer wants to move forward immediately with the city's plan to overhaul public housing and reduce the number of units by demolishing existing public housing complexes and replacing them with new mixed-income complexes.
CHAMPAIGN – Home sales in Champaign County continue to rise, even though national sales have cooled off.
In June, 374 sales were completed, up from 325 the same month a year ago, according to the Champaign County Association of Realtors' Multiple Listing Service.
It was the fourth straight month Champaign County home sales outpaced year-ago figures.