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Real Estate

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…