SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Morning Shorts

Thursday, Sep 30, 2010

* Home prices to take hit next year in many markets

The Standard & Poor’s/Case-Shiller 20-city index released Tuesday ticked up in July from June. But the gain is merely temporary, analysts say. They see home values taking a dive in many major markets well into next year.

That’s because the peak home-buying season is now ending after a dismal summer. The hardest-hit markets, already battered by foreclosures, are bracing for a bigger wave of homes sold at foreclosure or through short sales. A short sale is when a lender lets a homeowner sell for less than the mortgage is worth.

Add high unemployment and reluctant buyers, and the outlook in many areas is bleak. Nationally, home values are projected to fall 2.2 percent in the second half of the year, according to analysts surveyed by MacroMarkets LLC. And Moody’s Analytics predicts the Case-Shiller index will drop 8 percent within a year.

* Index Shows Increase in Housing Prices

* Mortgage companies may be contributing to delinquencies in foreclosure rates

Despite the passage last year of the federal Home Affordable Modification Program, foreclosure filings in Chicago’s six-county region rose 38 percent from the first half of 2009 to the first half of 2010, according to data from the Woodstock Institute, which tracks foreclosure activity in the region.

The program, part of President Obama’s comprehensive plan to address the housing crisis and restore economic stability, helps struggling homeowners avoid foreclosure by reducing their monthly mortgage payments.

Among other criteria, eligible candidates must have a monthly mortgage payment greater than 31 percent of their gross monthly income and have suffered a loss of income that prevents them from making payments.

But Katie Buitrago, policy communications associate for the institute, said actual delinquency is not a requirement.

* Marin: Feel Safer? Thanks to Cook County government, you’re not

* Chicago’s uninsured ahead of national average

There were more than 550,000 uninsured people — or 19.7 percent of the population — in the city of Chicago last year, according to the bureau’s American Community Survey. In Illinois, nearly 1.7 million people, or 13 percent of the state’s population, did not have insurance.

Nationally, there were 50.7 million uninsured residents, or 16.7 percent of the population, according to the data.

* Joliet Census data shows bump in population, steady poverty levels

Despite a 24 percent spike in the number of people below the poverty level statewide over the past 10 years, Joliet’s numbers remained steady over the years between 10 and 13 percent. In 2009, the number of people in poverty was 11 percent.

However, Joliet’s median household income did dip slightly from $61,061 in 2008 to $53,687 in 2009, likely due to an increase in unemployment.

* Median household income in Peoria County drops 7.8 percent

* State’s Attorney calls for probe into delinquent tax sale auctions in Madison County

Mudge’s request follows by two days the publication of a News-Democrat investigation, which showed that Bathon took in about $140,000 in campaign donations from investors who bought delinquent property tax debts.

Those investors were routinely allowed to buy property owners’ tax debts at an 18 percent penalty rate — the maximum allowed under state law. The investors took in up to $200,000 apiece in penalties for some years.

“State law affords county treasurers wide latitude on how to conduct these sales,” Mudge wrote. “However, I believe an independent review is in order in light of the recent concerns expressed about these former practices.”

Mudge, a Democrat, added: “Everyone should be careful not to politicize this exercise during a campaign season. These authorities are aware of the situation, and I am confident that they will conduct a fair, independent and proper review.”

* Investigation: Tax auctions look ‘like government-sponsored loan-sharking’

* Tax buyers, politicians benefit from tax sales

* Madison County Republicans call for investigation

* Madison County Democrats fire back on tax sale

* News-Democrat: What’s really up for auction?

* LORIMOR: Timing is right to push for southern Illinois MSA

Despite it being one of the larger communities south of Springfield, Carbondale and its surrounding area is not within one of those designated areas. That’s not uncommon, but most of the land within Illinois’ borders east of Interstate 55 and south of Interstate 72 is also outside of an MSA. That means communities such as Charleston-Mattoon, Effingham, Mount Vernon, Marion and, of course, Carbondale can be easily overlooked in government reports.

Seems like quite a blind spot, especially when talking about a region that relies heavily on government programs to get by.

* Unemployment Figures Improve in Some Counties

Franklin County dropped 1.4%, but is still ranked 3rd highest statewide.

Hardin County remained the same at 12.3 unemployed. Perry County dropped from 12.5% to 11.8% And Saline County is out of double digits now at 9.9% from last year’s 11.2%.

* Cook County Property Tax Bills Out Late This Year

Different officials are blaming each other for why the bills are going out late. But regardless of who’s to blame, Blue Island Mayor Don Peloquin says his city will be hurt by the late payments.

* Conrad Black asks judge to toss conviction

* Judge Posner: Conrad Black’s crimes ‘old-fashioned fraud’

* Demonstrators call for jobs program funding

* Some progress on Metra watchdog

Metra officials said they also want an independent watchdog but prefer someone picked by the Regional Transportation Authority, which has oversight of the three transit agencies in the region. Another option is an IG named by the people who appoint the Metra board of directors, who include the Chicago mayor, the chairman of the DuPage, Kane, Lake, McHenry and Will County Boards, and Cook County Board members.

* 2011 CTA budget to avoid fee hikes, service cuts

Once again the CTA, which faces almost $7 billion in unfunded capital needs, will reluctantly use capital funds meant for improvements to help balance the day-to-day 2011 operating budget and avoid reducing services again, according to the proposed budget released Wednesday.

* CTA bus driver OT soars since layoffs

* Lehner: A Metra rider’s lament

* Pedestrians face local fines for ignoring train signals, crossing tracks

* Milbank: The power of Jarrett

Certainly, Jarrett fills an important role for Obama: She has deep and personal ties to the president, as well as undivided loyalties, and can talk honestly to him on a first-name basis. But current and former White House officials I spoke with raised questions about Jarrett’s effectiveness and judgment.

* Daley on Olympics: “It’s all about money”

* Southtown Star: Commissioners now free to just tweet it. But why?

* Aurora seeks to slash payroll costs

With a projected $18 million deficit looming for 2011, the city has once again offered its employees the chance to voluntarily leave city service, with incentives.

For those who stay, the city is requiring each employee to give up 10 percent of their salary. That money can come from wages or benefits. Chief Management Officer Carie Anne Ergo said that however it’s done, the city is seeking a total of $8.4 million in savings.

That amount, Ergo said, would minimize upcoming layoffs, but not prevent them.

* Mt. Prospect offers buyouts to avoid layoffs

* Carol Stream mayor defends red-light cameras

* Orland Square Mall tax objection could take more than 18 months to resolve

* I-Team Report: Cicero’s Super Car

* Tazewell County adjusts health plans

* Veterans Home receives second round of funding for construction projects

* Champaign schools budget shows deficit

* Grafton City Council to vote for annexation

* Vote fraud, tax trial resumes for former East St. Louis councilman

Prosecutors allege that Collins lived at 4382 Redfield in Swansea but voted from 22 Loisel Drive in East St. Louis in an election in which a federal candidate was on the ballot. Collins is accused of using the Loisel address to get work in and around East St. Louis and to be the Democratic committeeman in Precinct 26.

* Judge allows former ESL councilman limited mobility until sentencing

* Fairview Heights Mayor says council has formed voting blocs that harm city

* Tea Party to host rally Saturday in O’Fallon

* New Mayor in West Frankfort

- Posted by Barton Lorimor        


2 Comments
  1. - Rich Miller - Thursday, Sep 30, 10 @ 3:10 pm:

    Poor Barton. He got up at 5 in the morning to put all this together and nobody shows him love.


  2. - Barton Lorimor - Thursday, Sep 30, 10 @ 3:19 pm:

    Nobody knows the trouble I’ve seen through this gig, Rich :)


Sorry, comments for this post are now closed.


* Reader comments closed for the weekend
* Rauner pals give $5 million to Munger
* Question of the day
* SEIU's big error and Madigan's "reign of terror"
* CTBA: Deficit is far higher than both Rauner and COGFA projections
* SUBSCRIBERS ONLY - Update to today’s edition
* *** UPDATED x1 *** Nearly 200,000 kids face new and confusing vaccine rules
* *** UPDATED x1 *** Fair share suit initiated by Rauner dismissed by federal judge
* State's attorneys and their enemies behaving badly
* On the bright side...
* C'mon, the Tribune endorsement makes perfect sense
* Rauner gets way ahead of himself on pension reform claim
* *** UPDATED x1 - Court: Expensive cars can't be seized *** "Every year, police take millions of dollars from ordinary Chicagoans and spend it behind closed doors"
* Is Munger's Rauner money coming soon?
* Report: Tribune relationship with Illinois Policy Institute columnist "under review"
* Kirk not getting Senate super PAC money, won't do some Chicago debates, called "disgraceful" in new TV ad
* SUBSCRIBERS ONLY - Supplement to today’s edition
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............
<


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

  
* iPhone 7 sales expansion happens in three waves through October
* DROID Turbo 2 gets Wi-Fi Calling on Verizon
* French Apple Store smashed by man who felt jilted on warranty
* Android Pay to stop supporting legacy cards from Google Wallet on October 15
* Here’s how you can stop jumping back and forth between Google’s calendar and map apps
* Allo improvements possibly on the way per Google developer
* [TA Deals] You can listen to books on Audible free for 60 days

* White Sox win behind Rodon's record-tying start
* Shields to take mound as White Sox face Twins
* Rodon K's 7 to start game, ties AL record
* Rodon K's 7 to start game, ties AL record
* Frazier shows respect to pitchers who get him out
* Saladino dealing with herniated disk in back
* Quintana ends 2016 with quality start in loss

...............


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress

Loading


* Munger gets $5M, putting race on track to be No.....
* Munger gets $5M, putting race on track to be No.....
* Governor Rauner faces lawsuit over abortion-rel.....
* Why did the Tribune endorse Gary Johnson?..
* RICH MILLER ON SPRINGFIELD Obscure court case c.....
* Illinois pockets $785 million video gambling pa.....


* Chicago to redevelop what would have been Olympic Village
* 'Death Wish' remake to cause street closures in Chicago
* Decatur Airport celebrates 70th anniversary at current site
* Prosecutors want crackdown on websites selling illegal sex
* Driver of school bus shot as students look on
* Prosecutors want crackdown on websites selling illegal sex
* Crisis pregnancy centers sue governor, Illinois agencies
* New group to help conserve wilderness areas in 3 states
* Judge denies new trial motion in day care murder case
* Kirk ads attacking Duckworth's work at VA omit key facts

* Fact check: Kirk ads attacking Duckworth's VA work omit key facts
* WWII vet 'outraged' over being used on local campaign fliers
* Crisis pregnancy centers sue state over abortion-referral requirements
* Fact check: Kirk ads attacking Duckworth's VA work key facts
* Kirk ads attacking Duckworth's work at VA omit key facts
* Federal judge won't reverse ruling on Illinois voter registration
* Rauner's deficit projection $2.4B less than lawmakers'
* Rauner, Democrat lawmakers urge passage of inmate ID bill
* State of Illinois caught up on CWLP bills

* Groupon to turn over workforce data in race discrimination case
* Illinois to suspend Wells Fargo from bond, investing work
* Obscure court case could hold key to schools funding reform
* Homegrown banks grab more market share
* Former U of C Law dean, Neal Gerber founder dies


* Cubs notes: Theo Trio all extended through 2021, and Soler update
* Zen of Zo: Why veteran’s influence key to sustained Cubs success
* Chicago man convicted on felony charges in “squatter scheme”
* Chicago man convicted of unlawfully renting foreclosed properties
* The CSO soars whether in revery or immediacy
* Sweet: Trump trapped, trips into Twitter tirade
* Cubs’ Ross on family, memories and one last squat behind the dish
* Carlos Rodon ties AL record with seven straight strikeouts
* Sen. Mark Kirk nixes some traditional campaign debates
* Noble postcards to kids worry CPS parents about privacy, poaching


* Family protests release of killer who tortured Aurora mom
* Munster taxpayers wary of schools pursuing a second referendum
* Kris Bryant lives up to the hype - despite all the challenges
* Matthew strengthens into powerful Category 5 hurricane in Caribbean
* Why the India-Pakistan war over water is so dangerous
* Mego: Gandhi had it right, but nonviolence now an antiquated notion
* Husband of bicyclist killed at Mount Prospect crosswalk describes 'horrific torture' waiting months for police report
* Blue Island man had been turning his life around before his death, sister says
* Trump in deposition: Presidential campaign could be good for his hotels
* School bus driver among 4 wounded in city shootings


The widget AQL4JYGHIY powered by Feed Informer does not exist.


* Fact check: Kirk ads attacking Duckworth's VA work omit key facts
* WWII vet 'outraged' over being used on local campaign fliers
* Charles Krauthammer: When facts, logic and history don't matter
* U.S. Attorney Jim Lewis: Community policing is realistic, effective
* Crisis pregnancy centers sue state over abortion-referral requirements
* Fact check: Kirk ads attacking Duckworth's VA work key facts
* Kirk ads attacking Duckworth's work at VA omit key facts
* Federal judge won't reverse ruling on Illinois voter registration
* Rauner's deficit projection $2.4B less than lawmakers'
* Our View: You have no excuse not to vote


* UI roundup: Pieters helps Europe rally
* PODCAST: St. Thomas More vs. Unity
* High school football scoreboard: Sept. 30, 2016
* Football team hopes to buck history
* Illini Q&A: Linebacker Hardy Nickerson
* Tate: Critical run begins on Saturday
* How they line up: Illinois at Nebraska
* Final word: Travel party arrives late
* Postcard from Bob: A helping hand
* Ambrose, Assumption dedicate new SVC complex


* Sycamore able to shut down Kaneland
* Images: Stevenson over Libertyville, 27-14 in football
* Images: Geneva vs. Batavia, football
* Images: Palatine over Fremd, 21-14 in football
* Leyden downs Downers South

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* Sen. Dick Durbin to campaign for Hillary C......
* Durbin: Trump “Bromance” With Putin Threat......

* Personal items seized – from photos to tax......
* Sen. Mark Kirk nixes some traditional camp......

* “The Driver’s Side” – News From The Motorist’s Perspective
* VIDEO: Whole Foods Englewood and Starbucks Grand Opening
* They Got It! Yeah, Baby, They Got It!
* Federal Judge Declines To Stay Ruling On Illinois Same-Day Voter Registration
* Lawsuit: Chicago Cops Pressured McDonald Shooting Witness To 'Forget' What She Saw
* Crisis Pregnancy Centers Sue Illinois Over 'Right Of Conscience' Law
* U.S. Students Continue To Face 'Unacceptable Levels' Of Bullying, Survey Finds
* Advocacy Coalition Presses Presidential Candidates On Child Care Affordability
* AFSCME Targets Rauner With New Ad (VIDEO)
* 24 Townhomes Proposed For 4740 N. Clark


* October is National Cyber Security Awareness Month
* Illinois awarded $1 million grant to pilot person-centered supportive services program - Program will help persons living with or those at high-risk of developing Alzheimer’s and related dementia
* Governor Rauner Urges Action on Bipartisan Legislation to Reduce Recidivism
* Governor Rauner Encourages Illinoisans to Receive Flu Shot
* Honoring Former President and Prime Minister of Israel - United States and Illinois flags at half-staff immediately until Sunset, Friday, September 30, 2016.




      Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller