Champaign County Real Estate News Blog

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Real Estate Agent - Green Street Realty
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RECENT BLOG POSTS
The US Labor Department released a report showing that initial claims for unemployment benefits fell last week, as the number of people filing claims on an ongoing basis rose to a fresh record high.  Economists had expected 635,000 new claims, according to a consensus survey by Briefing.com, but ...
05/07/2009
The S&P Case-Shiller Home Price Index, measuring housing prices in 20 representative cities across America, fell for the 30th straight month in January, bringing house prices down to 2003 levels.  And this time it actually set a record, falling 19% from January 2008.  "There are very few bright s...
03/31/2009
While we all know that the economy is hurting and that housing has a few bruises don't take everything the news says as fact. It's true that home prices have been declining but please remember that the areas that went up the fastest crashed the hardest. Every market is different and you'll only k...
02/24/2009
There is so much going on regarding housing and the economy it's getting harder and harder to keep up. I wanted to include a link from the NAR (National Association of Realtors) that has a good description of how the modified tax credit works. Please take some time and review the information and ...
02/23/2009
If you want to know where your tax dollars are going for the RECOVERY check out this website CLICK HERE.  It will explain how the government is going to put your money to work in an effort to help stop our economy from sliding even further into the toilet. Here is a quote from the site, "This is ...
02/17/2009
I thought these were really good and might make some people laugh today!! CARLIN ONCE SAID........GOD MUST LOVE STUPID PEOPLE......LOOK HOW MANY HE MADE. Only in America ......do drugstores make the sick walk all the way to the back of the store to get their prescriptions while healthy people can...
02/17/2009
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CNBC produced a special called "House Of Cards" which has been airing quite a bit lately. It is a great 2 hour education on how the housing crisis was created and the WORLD WIDE impact it is having. If you want to better understand this monumental challenge we face please record it and wait until...
02/17/2009
President Obama’s plan to reduce the flood of home foreclosures will include a mix of government inducements and new pressure on lenders to reduce monthly payments for borrowers at risk of losing their houses, according to people knowledgeable about the administration’s thinking. The plan, to be ...
02/17/2009
There's still a fair amount of confusion regarding the new home buyer tax credit, as the legislation isn't final and the draft is still pending a final vote in Congress.   As you know, I'm not happy about Congress's wimpy $8,000 credit versus the $15,000 proposed, but something is better than not...
02/13/2009
Has a bottom in real estate been reached?  Well at least some buyers think so.  The National Association of Realtors reported that The Pending Home Sales Index rose 6.3% to 87.7 in December from a revised reading of 82.5 in November.  What happened?  Homes are simply becoming more affordable.  NA...
02/11/2009
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Aaron Gallagher

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