Annual home value appreciation is roughly 3% on average, according to Zillow. Cincinnati and Chicago were the only metros of the 30 largest covered by the report that did not show quarterly increases in the fourth quarter.
Area home sales were up 16.7 percent in 2012 over the previous year, according to the Peoria Area Association of Realtors. Home sales in the greater Peoria area totaled 4,912 last year, an increase from 4,210 in 2011.
Illinois home sales increased 15.2 percent over previous-year levels in December and median prices increased 5.6 percent, according to the Illinois Association of REALTORS®. Statewide home sales (including single-family homes and condominiums) in December 2012 totaled 10,265 homes sold, up from 8,908 in December 2011. Year-end 2012 home sales totaled 128,436, up 22.9 percent from 104,480 in 2011.
Just a couple days after Facebook's hyped up "secret" announcement was revealed to be Graph Search -- which, powered by Bing, uses social signals to try to create a truly social search experience within Facebook -- Bing has announced that its search results will now feature 5x more content from users' Facebook friends
"The land bank is not going to be a silver bullet, but will give us the ability to execute a comprehensive regional plan to address not just the vacant homes, but the communities that surround them," Cook County Commissioner Bridget Gainer said. ...
OK, let's go over it again—just because you hire and pay someone to write something for you, or to design a logo or a website, or to paint a portrait of the family dog, it does NOT mean that you own the copyright in the writing, logo, or canine portrait. You DO OWN the physical object you paid for, but you CANNOT make copies of it.
The economic news this week was shockingly good--almost too good to be true. Just as the economic indicators in August and October were just too bad to possibly reflect reality, December numbers, while excellent, probably include some statistical tailwinds.
Gallup's U.S. Economic Confidence Index improved to -13 last week, from -18 the week prior. Americans' confidence in the economy has improved for three weeks in a row after deteriorating during fiscal cliff negotiations.
1.4 million borrowers moved to positive equity (where homeowners owe less on their mortgage than their home is worth) in the year through the end of Q3. This is according to CoreLogic's latest negative equity report.
But a whopping 10.7 million or 22 percent of all residential properties with mortgages were underwater by the end of Q3.
Sergey Brin rides the subway, just like the rest of us, but when he does, he's wearing Google Glass and presumably seeing much more about the dreary downtown 3 train interior than his fellow passengers thanks to his magic augmented reality powers.
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