SmartMoney: Quad-Cities market one that is bouncing back
The Rock Island-Moline-Davenport real estate market made SmartMoney’s list of five metro areas where home prices have risen the most since 2008. The area’s relatively healthy job market and affordable prices are among the incentives attracting buyers, according to SmartMoney.

Illinois and U.S. home sales climbed in January
Illinois home sales rose 16.1 percent in January, the strongest for the month since 2007, according to data released today by the Illinois Association of REALTORS®. Nationally, existing home sales increased in January, marking three gains in the past four months, according to the National Association of REALTORS®.

Illinois budget woes
Facility closures, layoffs and spending cuts marked Gov. Pat Quinn’s austere budget proposal to Illinois lawmakers today. Find some of the budget address highlights in the State Journal-Register, Chicago Tribune and Chicago Sun-Times.

Property tax caps while home values are down?
An Illinois lawmaker is advancing legislation that would cap, or prohibit, suburban governments from increasing property taxes if assessed property values have declined, the Chicago Sun-Times reports.