Housing

Housing

Home prices rose 5.7% in January

WASHINGTON (AP) — U.S. home prices jumped in January from a year earlier at the fastest pace in nearly 2 1/2 years, as a tight supply of houses for sale spurred bidding wars in many cities.

The Standard & Poor's CoreLogic Case-Shiller 20-city home price index, released Tuesday , increased 5.7 percent in January, the most since July 2014.

Building permits, March 26, 2017

Listed are permits for all commercial and industrial work, all new single-family and multifamily residences and all residential remodeling costing more than $25,000. Permits are listed by applicant, description, site and cost.

Champaign

Huisinga Homes, new single-family residence at 5022 Abbey Fields Drive, $322,510.

John Roska: What happens if deed buyer misses payments?

Q: I'm buying a house on a contract. I got behind, and the seller gave me a notice saying I had five days to catch up the missed payments. If I don't, they'll sue to evict me. Don't I get more time, like in a foreclosure case?

Champaign school board to vote on property purchases

CHAMPAIGN — The next step in the $87.1 million plan to build a 21st century Central High School could come in two days.

Bristol Place community plan open to ideas

CHAMPAIGN — A roundabout, community clubhouse and even a neighborhood name change could be part of the upcoming Bristol Place redevelopment project.

New-home sales rise despite higher mortgage rates

WASHINGTON (AP) — Americans responded to higher mortgage rates by snapping up new homes in February at the fastest pace since July.

Home sales and prices both up in February

CHAMPAIGN — Home sales increased in February compared to a year ago, signaling an early start to the spring market.

According to the Champaign County Association of Realtors, 135 homes were sold, up 5.5 percent from 128 a year ago, the best year in a decade.

Of the homes sold, 49 were in Champaign and 29 were in Urbana.

Home sales slow in February after surge in January

WASHINGTON (AP) — Americans retreated from buying existing homes in February, a pullback after sales in January had surged to the fastest pace in a decade. But over the past 12 months, sales are up solidly.

Building permits, March 19, 2017

Listed are permits for all commercial and industrial work, all new single-family and multifamily residences and all residential remodeling costing more than $25,000. Permits are listed by applicant, description, site and cost.

Champaign

Scott Machin Remodeling, alteration to Ashley Furniture at 602 W. Anthony Drive, $98,800.

Housing starts rise in February

WASHINGTON (AP) — U.S. builders broke ground on new homes at a faster pace in February, a sign that developers expect solid sales growth this year despite higher mortgage rates.