Illinois Realtors See Sales, Prices Improve in July

"While prices have continued to rise over the past six months, it could be due in part to state legislation enacted earlier this year that extends the time it takes a lender to foreclose on a borrower by nearly three months. With foreclosures delayed and fewer foreclosure properties on the market for sale, buyers are funneled into higher-priced houses until foreclosures continue to move through the syste"