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On Real Estate

Restraining order blocking Illinois stay-at-home extension only applies to one person

By Jim Hagerty Reporter CLAY COUNTY, Ill. - The temporary restraining order issued Monday that would temporarily block Gov. J.B. Pritzker's stay-at-home order extension that beings May 1 only applies to one person. According to an injunction issued Monday by Clay County Circuit Court Judge Michael McHaney the order exempts only Illinois Rep. Darren Bailey from Pritzker's statewide executive edict. The ruling does, however, open the door for broader legal implications. In other words,…

Pandemic could put brakes on Illinois real estate market

By Ken Bessler CHICAGO - The coronavirus outbreak could put the brakes on the housing market in Illinois. In February, homes sales were up 5% and the median prices increased 7 percent compared to the previous year. Ed Neaves, president of Illinois Realtors, said its seller's market. “Not only are the houses selling in one, two or three days, but the offers are very high because the inventory is low, people are competing because of the lack of numbers of houses,” he said. Neaves…