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Illinois Sees Gains in Prices, Sales in January

The steady housing improvement seen in Illinois throughout 2012 is poised to continue in 2013, if January's numbers are anything to go on. According to the Illinois Association of Realtors, statewide home sales (including single-family homes and condominiums) totaled 8,502 in January, up 31.1 percent from 6,484 in January 2012.

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Florida Housing Market Beats Winter Chill

Florida

Florida's housing market continued its upswing into the new year, according to the latest housing data released by Florida Realtors. Statewide closed sales of existing single-family homes totaled 13,679 in January, up 11.7 percent year-over-year, the group reported. Meanwhile, pending sales--contracts signed but not yet completed or closed--for existing single-family homes rose 31 percent.

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Initial Time Jobless Claims Up, Adding to Labor Concerns

Unemployment

First-time claims for unemployment insurance jumped 20,000 to 362,000 for the week ending February 16, the Labor Department reported Thursday. Economists expected 359,000 initial unemployment claims. The spike in filings--the largest in three weeks--marked a reversal of what had been a downward trend in layoffs.

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Carrington, Equator Team Up to Provide Rental Asset Solution

Carrington Technology Solutions, LLC (Carrington) and Equator, a default servicing technology provider, teamed up to provide financial institutions, institutional investors, and large-scale property management companies with a single-family asset management suite created to maximize the performance of multiple-property portfolios.

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Tax Credit Veteran Returns to WNC as SVP of Private Label Funds

New

WNC, a national investor in real estate and community development initiatives, announced Anil Advani rejoined the firm as SVP of private label funds. Advani is responsible for developing and maintaining relationships with private label investors, as well as managing the closing process of WNC's private label funds.

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