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FHA mortgages now more popular. Nearly 18,000 FHA-backed mortgages have been used in Illinois residential real estate transactions so far this year (January through September); in 2007 there were just 10,600 FHA-backed mortgage transactions. Learn more about FHA loans and read about the new FHA Toolkit for REALTORS® unveiled September 26 by the National Association of REALTORS® with special guest HUD Secretary Steve Preston.
August Illinois home sales down 4.6 percent from July. According to IAR's latest report, total home sales were down 4.6 percent in August 2008 to 10,601 sales compared to July 2008 sales of 11,114; year-over-year sales were down 27.2 percent from August 2007 totals of 14,562. The Illinois median price in August was $195,000, down 7.1 percent from $210,000 in August 2007.Pat Callan of Glen Ellyn installed as 2009 President of the Illinois Association of REALTORS®. Callan's inaugural celebration was held September 18 at the IAR Convention in Lombard. Other 2009 officers installed were President-Elect Michael Onorato of Coal City and Treasurer Sheryl Grider of East Peoria. See convention highlights. "10 Facts You Should Know about Today's Illinois Real Estate Markets." Download the "10 Facts" (pdf) and learn more about buying or selling a home, getting your finances in order and the mortgage process at www.YourIllinoisHome.com.
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New
look, new features for www.illinoisrealtor.org. 
