The Federal Reserve Chairman said last last week that underwater homes and depressed pricing are an issue; renting or restructuring existing mortgages might help. The comments came at the National Association of Homebuilders convention in Orlando. Associated Press via Sun-Times. Related: Foreclosure settlement a good first step, The State Journal-Register.

Staging essential for slow housing market. Arlington Heights Daily Herald.

Email marketing expertise: Tips on how to do it effectively from Chicago Agent.

Five misconceptions: About buying a newly constructed home, Trib Local/Aurora.
Sales increase: Gains seen in home sales numbers in Bloomington-Normal. Pantagraph. Also, B-N area seen as a housing market to watch. WJBC.