Saturday, February 28, 2009
CodeRED is Now Up and Running - Residents Urged to Sign Up Now
Monday, February 16, 2009
Community Market Statistics for Single Family and Condo/townhomes
* Community Market Statistics December 2008 Attached
* Community Market Statistics December 2008 Detached
* 2008 4th Q Community Market Statistics Attached
* 2008 4th Q Community Market Statistics Detached
* 2008 Community Market Statistics Attached - Final
* 2008 Community Market Statistics Detached - Final
* December Trends Attached
* December Trends Detached
* 2008 Trends Attached
* 2008 Trends Detached
Monday, February 9, 2009
15,000 Homebuyer Tax Credit - Senator Isakson
Will a $15,000 tax credit for buying a home replace the $7,500 interest-free loan for first-time homebuyers? Economic stimulus must still pass for Isakson's tax breaks.
As Republicans and Democrats dissect and renegotiate Obama’s proposed economic stimulus details, senators on both sides are proposing amendments to the version of the plan that passed through the U.S. House of Representatives. Yahoo! News (via the Associated Press) reported this exciting development through an article titled “Senate OKs $15,000 tax break for homebuyers.” What does this mean for those in the U.S. and how does it relate to the previously authorized $7,500 tax credit?
$15,000 Homebuyer Tax Credit for Buying a Home: Not Just First-Time Homebuyers
Republican Senator Johnny Isakson from Georgia succeeded in proposing a measure that obtained unanimous approval on Wednesday, February 4, 2009. According to a press release on his website, Isakson's amendment to the American Recovery and Reinvestment Act of 2009 would “provide a direct tax credit to any homebuyer who purchases any home…the tax credit would be $15,000 or 10 percent of the purchase price, whichever is less. Purchases must be made within one year of the legislation’s enactment, and the tax credit would not have to be repaid.”
According to the press release, taxpayers could claim the credit on a 2008 federal income tax return. The limitations appear to be that the purchase must be of a principle residence, and the credit would have to be recaptured (read: reversed) if the home is sold within two years of purchase. In other words, the home cannot be a second home like a vacation house or an investment property that isn’t the taxpayer’s primary residence.
How is the New Tax Break Related to the $7,500 First-Time Homebuyer Tax Credit?
Senator Isakson actually spearheaded the original $7,500 first-time homebuyer tax credit that is available to taxpayers who have bought homes since April 8, 2008. This tax break can be claimed on either a 2008 or 2009 tax return, depending on when the home was purchased, but the credit must eventually be repaid over a 15-year period.
The $15,000 tax credit provision in the proposed 2009 economic stimulus package would replace the $7,500 first-time homebuyer tax credit, with the key differences being the increased amount plus the fact that it would not have to be repaid.
Thursday, January 22, 2009
Countrysides NEW Property Inspection Program begins 2009
This fee-supported program has three parts:
Rental Licensing and Inspection Licensing and periodic inspections for all rental commercial and residential properties as well as condominium common areas is required. All property, other than owner occupied housing, will be subject to inspections. All commercial properties and residential common areas will be inspected once per year and rented residential units will be inspected once every three years.
Pre-Sale Real Estate Transfer Inspections Pre-sale City inspections for all residential and commercial properties will be required before the City will issue a real estate transfer stamp.
Vacant Property Licensing A license is required for all vacant commercial and residential properties. A commercial property is considered “vacant” when it is boarded or unoccupied for 120 consecutive days. A residential building with 20% or more unoccupied units for 120 consecutive days also is considered “vacant.” The license can be renewed but another inspection is required.
The City is developing a list of rental and vacant property and will soon be contacting each property owner to schedule an inspection. Copies of the applicable ordinances and fee schedules are available at the City’s Web site. �� For more information, please call Steve Tisinai at TPI Building Code Consultants (630) 443-1567.
Click here to view Countryside Illinois City Codes
Tuesday, January 20, 2009
LaGrange Park District Wide Kindergarten Registration Set
Thursday, January 15, 2009
Tax credits expand for "green" upgrades.
Tuesday, January 13, 2009
LaGrange Park Garbage Rates Increase
End of Year 2008 Real Estate Market Statistics!!
Year to date Trends through December 2008 Attached Condo/Townhomes
2008 Market Statistics Detached single Family
2008 Market Statistics Attached Condo/Townhomes
December 2008 Trends Detached Single Family
December 2008 Trends Attached Condo/Townhomes
Disclaimer:
Statistics provided using data from Multiple Listing Service of Northern Illinois.
The Association makes no claim as to the accuracy of this data and has provided this data as a service to our members.
Monday, January 12, 2009
Free Dinner & Presentation!
Create Optimal Health and Vitality!
· Reach Your Ideal Weight
· Cutting Edge 12 Minute Workouts That Burn Twice The Fat
· Build Health, Increase Energy and Decrease Stress
· Live A Life Without Sickness & Disease
· Create Personal Vitality & Healthy Longevity
Dr. Gordon Firmreite
at: Cafe 36
22 Calendar Ave
LaGrange, IL 60525
When: Tues January 13th @ 7:00pm