All Housing Content

All Housing Content

Champaign County home sales rise for third month in a row

CHAMPAIGN – Home sales in the Champaign County area were up from a year ago for the third straight month, according to September statistics from the Champaign County Association of Realtors.

However, the rise in activity still seems to be fueled primarily by lower-priced homes – and the availability of the first-time homebuyer credit.

Chicago company acquires local mortgage broker

CHAMPAIGN – A longtime mortgage broker in Champaign and Northbrook has become part of a larger financial-services firm based in the Chicago area.

Revere Mortgage Ltd. has been acquired by Wintrust Mortgage, a subsidiary of Barrington Bank & Trust Co. That bank is one of 15 banks owned by Wintrust Financial Corp., a Lake Forest-based financial-services firm.

Loyal clients keep area Realtor's name among best

CHAMPAIGN – Kay Bird is not a Pop Tart.

She is a Realtor with 31 years experience.

"A Pop Tart real estate agent is one who gets a call from someone who saw a 'For Sale' sign, says, 'I can be there in half an hour;' and jumps in the car to go," Bird says.

When you become successful, you don't need to be on call on 30 minutes' notice.

Developer sets sights on Champaign site for condos

CHAMPAIGN – Real estate developer Dan Hamelberg said he has been acquiring property near the city's Second Street Reach project with hopes of building apartments – and possibly condominiums – near it.

The massive Boneyard Creek detention project, already under way, is expected to create a huge pond and park-like section in the area where Second Street once extended from University and Springfield avenues.

Sales picking up on higher-priced homes in C-U area

URBANA – Sarah Brown-Schmidt and her husband, Duane Watson, looked at about 20 homes this year before deciding to buy a Queen Anne-style house on West Main Street in Urbana.

They ended up paying $315,000 for the house, which had been on the market about a year, Brown-Schmidt said.

The sellers "had been asking for quite a bit more, but they dropped the price," she said. "We ended up making an offer close to the eventual asking price."

Eco-friendly subdivision's developer to put home on display

Debbie Insana is out to prove that there are various shades of green with the first house – the Insana family house – at her Brickhouses Road development in rural Urbana.

The house will be showcased from noon to 5 p.m. Sunday at the Brickhouses Road subdivision, located just east of the intersection of High Cross and Airport roads in rural Urbana.

Added units bring vacancies, discounts to fill them

CHAMPAIGN – Apartment buildings on the University of Illinois campus are filling up – but landlords say in many cases, it's taking longer to lease them out and requiring a few discounts.

Last year's opening of high-rise apartment complexes on Green Street and Springfield Avenue boosted the number of units available on campus. And this year and last, landlords felt the effects.

Philo family chosen for ABC show's newest house

PHILO – It was the worst-kept secret in this small town.

Rumors had been circulating for at least a week that Nathan and Jenny Montgomery and their two boys and two girls had been chosen for ABC's "Extreme Makeover: Home Edition," the TV show that depicts a family getting a brand-new home built for them within a week, while they are on vacation.

July sees improved home sales in Champaign County

CHAMPAIGN – Maybe it was the cooler weather.

Maybe it was optimism sparked by a surging stock market.

But something caused people in Champaign County to get in the home-buying spirit in July.

New construction below par throughout area this year

CHAMPAIGN – It's probably no big surprise, given the national recession, but records show that new construction in Champaign and Urbana is down substantially for the first seven months of 2009.


New housing starts in both cities are also weak, with Champaign seeing just 44 new single-family home permits being issued so far this year and Urbana 24.

The situation is similar in Danville, where there have been three housing starts this year (down from nine in 2008) and the value of all new construction is $10.1 million, down from 2008 year-end totals of $22.3 million.