Find Real Estate Agents and Homes for Sale


Real Estate News --> Illinois News

Illinois towns see damage, power outages after deadly storms


At least three people died and authorities reported minor injuries. In Illinois, the storms damaged homes and businesses and toppled trees and powerlines. In southwestern Illinois, many residents still were without power Wednesday in Randolph County.


Archived Story

-1?"ttf":"woff";localStorage.setItem(formatStorageKey,format)}return format}();var fonts=document.querySelectorAll(".webfont");var hinting=fontHinting==="Off"?"":"hinted-"+fontHinting+"-";var urlAttribute="data-cache-file-"+hinting+fontFormat;for(var i=0,j=fonts.length;i0&&alpha-1){styleSheet.media="screen";window.guardian.css.loaded=true;try{window.guardian.css.onLoad()}catch(e){}return true}}setTimeout(function(){setMedia(styleSheet)})}function useCss(){for(var i=0,totalStyleSheetLinks=styleSheetLinks.length;i switch to the US edition switch to the UK edition switch to the Australia edition switch to the International edition current edition: US edition The Guardian - Back to home Make a contribution Subscribe Find a job Jobs Sign in Comment activity Edit profile Email preferences Change password Sign out My account Search News Opinion Sport Culture Lifestyle Show More News US news World news Environment Soccer US politics Business Tech Science Homelessness Opinion The Guardian view Columnists Letters Opinion videos Cartoons Sport Soccer NFL Tennis MLB MLS NBA NHL Culture Film Books Music Art & design TV & radio Stage Classical Games Lifestyle Fashion Food Recipes Love & sex Home & garden Health & fitness Family Travel Money What term do you want to search? Search with google Make a contribution Subscribe Sign in/up My account Comment activity Edit profile Email preferences Change password Sign out US edition switch to the UK edition switch to the Australia edition switch to the International edition Jobs The Guardian app Video Podcasts Pictures Newsletters Digital archive Crosswords Facebook Twitter Jobs Money Property Pensions Savings Borrowing Careers More Mortgages Mortgage lending falls once more August mortgage lending figures hit 16-month low as home buyers stay away despite additional properties on market Mark King and agencies Share on Facebook Share on Twitter Share via Email This article is over 7 years old Mortgage lending fell again last month as consumers remained cautious of taking on debtPhotograph: Scott Aiken/Rex Features Mortgage lending fell again in August with the lowest number of new mortgages offered this year, figures showed todayThe number of mortgages approved for house purchase dropped to 31,767 during the month, down on July's 34,219 and a 16-month low, according to data from the British Bankers' Association (BBA). Gross mortgage lending also fell to £8.1bn from July's £8.4bn – 7.6% lower than August 2009However, net lending (which does not include redemptions and repayments) increased to £2.5bn from July's £1.9bn, the highest level since February but still way down on August 2009's £3.3bn. David Dooks, BBA director of statistics, said: "Demand for mortgages continues to be weak despite more properties coming on to the marketEven with stable or falling house prices, the current economic climate makes it unlikely that demand will pick up in the near future." Earlier this week the Council of Mortgage Lenders claimed that mortgage lending fell by 14% to £11.4bn in August from £13.3bn in July, notching the lowest August total in a decadeThe CML warned consumers to prepare for a "difficult second half of the year". Howard Archer, chief UK and European economist at IHS Global Insight, said of today's data: "It heightens our belief that house prices will trend down over the coming monthsWe suspect that house prices will fall by around 10% between now and the end of 2011In our view, the housing market really has not got much going for it at the moment, apart from low mortgage rates – and that is if you can get a mortgage." The BBA also said that credit card repayments were higher than new spending during the month, but once interest and charges were factored in, outstanding plastic debt rose by £172mBorrowing through loans and overdrafts contracted for the 16th consecutive month, with consumers repaying £187m more than they borrowed. Savings levels bounced back in August to reach their highest level since March, when figures are often boosted by the approaching end of the tax yearThe amount consumers deposited rose by £2.19bn, up from an increase of £514m in July. Archer said: "Consumer appetite for taking on new borrowing clearly remains limited while there is an ongoing desire of many consumers to reduce their debtThis is the consequence of a still relatively uncertain and worrying longer-term economic outlook, highlighted by the major fiscal squeeze that will increasingly kick in over the coming monthsMeanwhile, there remains limited availability of unsecured credit from banks." Topics Mortgages Property Mortgage lending figures Housing market news Share on Facebook Share on Twitter Share via Email Share on LinkedIn Share on Pinterest Share on Google+ Share on WhatsApp Share on Messenger Reuse this content View all comments > Order by newest oldest recommendations Show 25 25 50 100 All Threads collapsed expanded unthreaded Loading comments… Trouble loading? View more comments Signed in as Show comment Hide comment Hide comment Welcome , you’re about to make your first comment! Before you post, we’d like to thank you for joining the debate - we’re glad you’ve chosen to participate and we value your opinions and experiences. Please choose your username under which you would like all your comments to show upYou can only set your username once. Username: Must be 6-20 characters, letters and/or numbers only, no spaces. Please keep your posts respectful and abide by the community guidelines - and if you spot a comment you think doesn’t adhere to the guidelines, please use the ‘Report’ link next to it to let us know. Please preview your comment below and click ‘post’ when you’re happy with it. Post your comment Cancel Your comments are currently being pre-moderated (why?) Please keep comments respectful and abide by the community guidelines. Enter comment Post your comment Preview Hide preview Cancel B i ” Link Most viewed Money Property Pensions Savings Borrowing Careers back to top jobs make a contribution subscribe guardian labs about us work for us contact us advertise with us help terms & conditions privacy policy cookie policy securedrop

Trending Illinois News:


  • Prosecutor: Illinois trial about 'abuse of power'
  • Holding Your Ground Against Austerity: Lessons from the Illinois Budget Deal
  • Report concludes 1 Illinois home in 5 'seriously' underwater
  • U of I Student’s Non-Profit Finds Homes For Senior Dogs, Cats
  • The Latest: Officials: 156,000 homes damaged in Houston area
  • We Sat Down With FRCH's Senior VP To Pick His Brain About Cincinnati Architecture
  • Zeman Homes, Inc. Continues Expansion in Florida and RV Resort Market with Acquisition of Paradise Pointe
  • Flood Victims in 18 Illinois Counties Eligible for Tax Credit Under New Law
  • Schiller Park, IL Homes For Sale & Real Estate
  • Lev Joins Property and Casualty Team at Assurance as Vice President
  • Redfin Mortgage Expands to Illinois
  • Developer’s death could dim big downtown development
  • How the Chicago Defender became a national voice for black Americans
  • Berg: Loss of income, population in Illinois has to stop
  • Veterans Village project would create community of tiny homes for vets
  • Group tours Thebes, IL public housing as it’s closure looms
  • In Illinois, smart thermostats seen as key energy management tool
  • Good news for homebuyers: Feds increase loan limit for affordable mortgages
  • 7 Fast Facts About the Economic Collapse of Illinois
  • 14 Illinois Billionaires Make Forbes 400 List For 2017