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O’Fallon, Illinois – July 29, 2008 – Mayor Gary L. Graham is pleased to announce that the City of O’Fallon and the Illinois State Treasurer’s Office have teamed up to provide information about foreclosures to O’Fallon ...[Read More]
It's a common question these days... When is the housing market going to improve? According to one survey, 44% of home buyers are expecting it to be next year after the election process has taken its course and the new president has taken his place ...[Read More]
In reviewing the first half of 2008, here's a look at how home sales are comparing against the same period in 2007. None of the areas shown below were able to turn in an increase in sales production. Swansea was the only community of those shown that ...[Read More]
Three metro east locations will host open houses aimed at informing the public about the upcoming remapping of the region's flood plain. Preliminary maps will be on display so that homeowners can see how their property will be affected. The result ...[Read More]
Concerned with where home prices are going? The PMI Mortgage Insurance Company recently released a report that may interest you. In a study of 381 most populated metropolitan statistical areas , the company has calculated the probability of home prices ...[Read More]
Independence Day just a week away? Seems unbelievable but it's true! Here's a list of area fireworks displays to help you plan your holiday... Alton July 3rd at 9:15 p.m., Riverfront Park Rescheduled to September 5 due to flooding . Canceled. Caseyville ...[Read More]
ILLINOIS ATTORNEY GENERAL MADIGAN FILES LAWSUIT AGAINST MORTGAGE GIANT COUNTRYWIDE Alleges Company Deceptively Sold Risky Loans Despite Borrowers’ Inability to Pay Chicago – Attorney General Lisa Madigan today (6/25/2008) filed a lawsuit in ...[Read More]
Sometimes we need to blend today's technology in along with yesterday's. This Canadian professor has the right idea. CNN Video Looking for a green community to live in? BellevilleArea.com[Read More]
You most likely missed them during their visit, but Google took a road trip to St. Louis recently and they decided to make a trek to the east side. The Google car cruised some of the major roadways, but decided to make an extended stay in Belleville and ...[Read More]
... through the neighborhood, that is. As a buyer, you probably plan to walk through the homes that you like and that are at the top of your list. These walks (or "showings") should give you a good feel for the home and give you some reassurance ...[Read More]
Residents of the St. Louis region, particularly here in the Belleville area , have known the importance of Scott Air Force Base , but in a visit to the base yesterday, Secretary of Defense Robert Gates acknowledged the same. Gates was on a tour of the ...[Read More]
The best measure of the rate of housing sales is the absorption rate. Many look at the average number of days on market (DOM) for a city or area, but it is a false reading since the number can easily be manipulated. Once listing agreements expire, what ...[Read More]
Will tax incentives get the market rolling? Last Friday, representatives from the National Association of Realtors testified before the House Committee on Small Business. Their mission was to promote temporary tax incentives for homebuyers in an effort ...[Read More]
This week, you couldn't help but hear about the possible foreclosure looming over Ed McMahon and his wife. The 85 year-old former regular on the Tonight Show has had his Beverly Hills home on the market for two years without so much as an offer. The ...[Read More]
Recently, I mentioned about the financial problems of St. Louis home builder Taylor-Morley, with the foreclosure of Belleville's Olde Lantern subdivision . In a new update, the builder has now completely closed the business. At one time, Taylor-Morley ...[Read More]
Belleville is anticipating another cultural smash hit this weekend when the first Wine, Dine, and Jazz event is held Saturday, June 7, 2008 between 11 a.m. and 9 p.m. Just a few weeks after the 'best in the nation' Art on the Square , this event ...[Read More]
New construction residential sales through April, 2008 have been released by the Southwestern Illinois Regional Multiple Listing Service (SIRMLS). The chart below shows the MLS sales figures for the Realtor Association of Southwestern Illinois (RASI) which ...[Read More]
Illinois Governor Rod Blagojevich signed legislation last week that created the Flood Prevention District Act (Senate Bill 2052) . The act covers the Illinois counties of Madison, St. Clair, and Monroe, giving the counties the authority to establish a ...[Read More]
With gas prices hovering at about $3.90/gallon, the cost of keeping a well-manicured lawn is on the rise whether you do it yourself or have a lawn service do it for you. Many homeowners are opting for pushing back their yard maintenance schedule and letting ...[Read More]
More details are in from Citizens Reviving Historic Belleville about the 2nd Annual Spring House Tour. The "Belles of Belleville " tour will be held Saturday, June 7, 2008 from 12 to 6 p.m. Tickets are $10.00 for the tour and $5.00 for the horse-drawn ...[Read More]
Homebuilder Taylor Morley's financial problems have spread. A November, 2007 St. Louis Business Journal article detailed the extent of properties that the company was losing to the banks on the Missouri side of the river due to loan defaults and the ...[Read More]
How has Belleville area home purchase financing changed since last year? While conventional loans are still most popular, they are decreasing as compared to the same months last year. Meanwhile the number of FHA loans skyrocketed in the last two months; ...[Read More]
The City of Belleville will be gathering bids for a city-wide emergency notification system and hopes that the cost falls within an amount already budgeted. Benefits of the system are the ability to contact residents and tell them of emergency situations ...[Read More]
Excerpts from the Illinois Association of Realtors press release on March home sales - Spri ng Starts in March with Home Sales Up 24.5 Percent from February Illinois Median Price at $194,500 SPRINGFIELD, Ill. – Home sales in March rose from February ...[Read More]
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