The Krain Blog

August 2008 - Posts

• How the New First-Time Buyer Tax Credit Works

  Under the new housing bill, home buyers who have not owned a home in the last three years will be eligible for a tax credit equal to 10 percent of the property up to a maximum of $7,500. Here’s how it works: The credit is $3,750 for married couples Read More... Posted Friday, August 29, 2008 11:49 AM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• KRAIN is Thriving, Agents Wanted

  Not every real estate company in Chicago is feeling the brunt of this slow market. While some of the largest and most recognized names in real estate are closing branches and consolidating, KRAIN is growing at a rapid pace and shows no signs of slowing Read More... Posted Wednesday, August 27, 2008 12:49 PM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• KRAIN Welcomes Intern, Stewart Stinson

  We're pleased to have Stewart Stinson join Krain. Stewart is a Senior at DePaul University in Lincoln Park. He is ambitiously in pursuit of his Bachelor's Degree with a double major in Real Estate and Finance. He is slated for graduation in November, Read More... Posted Monday, August 25, 2008 3:50 PM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Daniel Norris Joins KRAIN

  We are pleased to announce the addition of Daniel Norris to KRAIN. After several succesful years in the real estate industry, Dan Norris has left a competitive broker on Michigan Ave. to take advantage of our sales and marketing support systems to better Read More... Posted Tuesday, August 12, 2008 12:56 PM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• First-time Homebuyer Tax Credit, Q & A

  On July 30, 2008, housing bill H.R. 3221 was signed into law. As a result, a new temporary tax credit has been allotted as an incentive to first-time homebuyers. The $7,500 credit will be available for the purchase of a principal residence on or after Read More... Posted Monday, August 04, 2008 4:22 PM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Illinois Home Sales Jump 3.6% in June

  Illinois home sales in June up 3.6 percent from previous month while the overall housing market remained strained by low consumer confidence and a troubled economy. According to the Illinois Association of REALTORS latest report , total home sales were Read More... Posted Monday, August 04, 2008 1:28 PM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• FHA Assistance Legislation Passed

  The President has signed into law legislation that will allow HUD’s Federal Housing Administration (FHA) to continue providing targeted mortgage assistance to homeowners. The Hope for Homeowners program will continue FHA’s existing and successful Read More... Posted Monday, August 04, 2008 1:25 PM by KRAIN - Commercial and Residential Real Estate | 0 Comments