Now that there is a multi-state mortgage settlement in place, what does it mean for homeowners?  Here’s a Q&A on what the settlement will and won’t do for homeowners.

Other headlines from around the state

Fourth-quarter leap put 2011 home sales in the black, Crain’s Chicago Business reports following this week’s release by the Illinois Association of REALTORS® of 4Q home sales statistics.

Improved home sales also garnered media attention in the Quad Cities area from KWQC-TV and the Rock Island Argus.

Housing affordability is at an all-time high and buyers in the Midwest have some of the strongest purchasing power, HousingWire reports.