Illinois News Index

McHenry Plaindealer (McHenry, IL), 23 Apr 1982, p. 8

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PAGE 8 - PLAIN DEALER • FRIDAY, APRIL 23.1962 Here find There In Business employment Rate, | Real Estate Facts Number Employed Up The seasonally adjusted Illinois unemployment rate reached 9.6 percent in February, 1982, up .6 percent over the Janaury rate and ufc> 1.3 percent over February, 1981. However, the number employed in Illinois in­ creased to 5,079,000, an in­ crease of 26,000 in February. The number of unemployed increased by 41,000 in February, a month in which 70,000 persons entered the labor force. Michigan (14.8 percent), Ohio (11.3 percent) and Pennsylvania (10.3 percent) had higher rates than Illinois in February. The U.S. average rate was 8.8 per­ cent. Unemployment rates in December, 1981. for the state's urban areas ranged from a high of 14.4 in Kankakee to the low of 5.2 percent in Champaign. The urban areas with heavy dependence on manufac­ turing continue to show high unemployment rates with Decatur, 11.0, Rock Island, 10.8; Rockford, 10.0; East St. Louis, 9.7 and Peoria and Chicago tied at 7.9. Among the state's coun­ ties, unemployment rates in December ranged from a high in Williamson county of 19.3 percent to the lows in' Champaign and Edwards counties of 5.2 percent. Over the year (December to December) unemployment rates declined in 73 percent of Illinois counties and in­ creased in 25 percent. By Yvonne Beer, Executive Officer, McHenry County Board of Realtors Housing Availability The best time to buy anything is when prices are low and the selection is high. For the first time in many years, those two factors pertain to the housing market. The median sales price of an existing home increased only 3.6 percent in 1981. The price at the start of this year was $66,800, according to the National Association of Realtors. Reflecting discounts from seller financing and ad­ justments made for in­ flation, the net selling prices are now lower than a year ago and reduced home prices mean lower down payment. As the economy improves *°"'e •COMPACT •LIGHT WEIGHT •ECONOMICALLY PRICED w 33 YRS. OF SERVICE AS AMERICA'S ORIGINAL MFGR. OF PORTABLE CUTTING AND CLEARING EQUIPMENT MAKE LIGHT WORK OF YOUR YARD CLEAN-UP GAS POWERED MONOFILAMENT TRIMMER WITH A Model: WT14H $11X00 ONLY IJ J INCLUDES: PLUS TAX •8 TRI-KUT WEED BLADE •MONOFILAMENT REFILL •ADJUSTABLE COMFORTABLE SHOULDER STRAP ROSS DOS SALES 1801 W. Rte. 120, McHenry (815) 344-0822 CONSIDER COUNTRYSIDE'S Professionals When Planning Your Landscape TOTAL ANS CONSULTATIONS I FREE ESTIMATES Save Your Time & Money By Letting Our Full Service Department Assist In Answering Design & Development Questions Flower Shop & Nursery 5301 E, TERRA COTTA CRYSTAL LAKE, IL. (815) 459 8130 Open Jewel-Osco Store later in the year as expected, the demand for housing could be exceptionally strong. But, any savings achieved from lower interest rates could be more than offset by higher home prices as buyers begin to flood the market. Higher prices, even with lower interest rates, will mean higher monthly payments in most cases. Until there is an increase in the construction of apartments (vacancies are at a historic low of less than 5 percent) and other forms of new housing, there will be some upward pressure on prices. Since many families want to move during the summer, their homes are going on the market right now. Also, homes that have gone unsold during the winter, still are on the market in many areas, so the supply of homes for sale now probably is at a peak. Moreover, buyers are not competing against each other as intensely as they were during the peak selling years of 1978 and 1979, so careful home buying decisions can be made. While the supply of homes is high, the condition of those homes also is impressive. Sellers are fixing up as never before. Remodeling that normally would have been considered buyer's ex­ penses, such as new car­ peting, painting, and even such major construction as finishing a basement or installing a fireplace, are now becoming seller's necessities to increase a home's appeal. By putting off a home purchase to "some other time", a buyer could be passing up not only the lowest prices in quite a while, but the money that a home can make for the in­ dividual as it appreciates in the years ahead. Right now, homes are appreciating at a slower rate than inflation, but demand for housing through the 80's promises to be so great in An impressive ribbon cutting ceremony officially opened the new Jewel-Osco store at 4222 Elm street Thursday morning. Present to take part were, from left, James Henson, president; Jack Kyvik, area vice-president; Marsh Collins, executive vice-president; Alderman Edward Datz, City Clerk Barb Gilpin, Bill Milzer, resident and supervisor; Fire Chief Glenn Peterson, Mayor Joseph Stanek, Alderman Liz Nolan, the architect; Charles Marrcozzie, developer; Roger Carpender, Osco district manager; John Mathison, Jewel district manager; and Ken Scheuber, Osco manager. 9 STAFF PHOTO- WAYNE GAYLORD relation to supply, that housing economists are concerned about a dangerous shortage of homes. Since prices reflect supply and demand, they assuredly will go up. McHenry Woman Promoted By Bank SALES GRADUATE Harry A. Karns, a life insurance sales represen­ tative for Combined In­ surance Company of A m e r i c a , r e c e n t l y graduated from an extensive training course held in the corporation's headquarters in Chicago. Karns resides with his wife, Carol, and their four children at 1506 Arabian Spur, McHenry. Gwen G. Nobbe-Asher, McHenry, was elected a second vice-president in the trust and investment ser­ vices department of Con­ tinental Illinois National Bank and Trust Company of Chicago. Before joining the bank in 1980, she was the managing editor of Pensions & In­ vestments Age, a financial publication in the employee benefits industry; chief copy editor for Commodity News Services, Lea wood, Kas., an international financial wire service; and city editor of the Lincoln Journal, Lincoln, Nebr. Ms. Nobbe-Asher received a degree in journalism in 1967 from the University of Nebraska. She is the daughter of Mr. and Mrs. John Herstein of Lincon, Nebr Newborne Returns For Evening Of Singing TONY NEWBORNE Singer Tony Newborne from San Francisco will return to McHenry county in May to perform at Marian Central high school. The Marian Central Parents' association are presenting An Evening With Tony Newborne in response to popular demand, resulting from his smashing success as the headliner in one of the rooms of the 1981 Hurricane Happening. This engagement will run for two nights only, May 21 and May 22, with per­ formances at 8 and 10:30 p.m. Tickets for each show will include complimentary hors d' oeuvres. Hot beef sand­ wiches and pizza will also be available for purchase following each performance. Advanced tickets are advised, due to limited seating and his record for sell-out crowds. Contact Marian Central during the day at 338-4220 for ticket information and reservation. Evenings, contact Nancy Schultz at 338-6293. ^educational ON PRESIDENT S LIST L a u r a N a s e b a n d t , daughter of Mr. and Mrs. Raymond Nasebandt of 10220 Thayer road, Wonder Lake, is among the 147 students named to the Presidents list at North Central college for the winter term. To be eligible for the President's list, a student must attain a grade point average of 3.7 (4.0 equals A) for the term, or maintain a cumulative grade point average of 3.5 for all college work. Gum Remover Remove chewing gum from garments by hardening it with ice. This enables you to scrape off as much as pos­ sible without damage to fab­ ric. 6 HOUR BLANK TAPES $ 1 2 4 9 INQUIRE ABOUT OUR ATARI CLUB $ 1 roo I 3 A- UP TO MONTH INSTALLATION OF ANY VIDEO RECORDER WHEN PURCHASED FROM VIDEO ALLEY.' CARTRIDGES NOW SERVICING SPECIAL OFFER itKVICIHU RENT ONE MOVIE AT ATARI & ALL REGULAR PRICE, GET y|Q£Q SECOND MOVIE FOR ONI RECORDERS $ 1 4 2 5 8 2 ; ffi<Viq>£0 SALES & SERVICE 3428 RT. 120, McHENRY MftyBr. MON., TUES., THURS. , ft FRI. 10-7 ^y(SIS) 344-5610 SATj 10.5 SUN. iq.2, CLOSED WED. Political Corner COP Maps Strategy The Illinois Republican State Central committee will undertake an extensive program of services and structural support for Republican candidates in 1982, according to Albert M. Jourdan, Republican state committeeman for the 12th Congressional district. Jourdan's announcement came following the organizational meeting of t h e n e w l y - e l e c t e d Republican State committee in Springfield. Jourdan said: "The State committee has had the opportunity to meet with our statewide candidates to determine their plans and needs for the fall campaign. We plan to use our resour­ ces, such as our conv puterized voter name list' and our non-profit bulk mail capability, to save time and money for our statewide, congressional and legislative candidates " The committee voted to hold the Republican state convention June 11 and 12 in Springfield. Courthouse Squares THE U.S. IS A GREAT COUKTRY WHERE THE PEOPLE OWE A LOT TO THEIR GOVERN­ MENT!", ESPECIALLY ON APRIL 15. Subscribe Plaindealer Th» McHenry Plaindeoler 3812 W. Elm Street McHenry, II. 60050 • 3 Years-$40.00 • 2 Year. $28.50 • 1 Year-$15.50 • 6Months-$8.50 • Payment Enclosed Nam* Adr«*$ city !!"!!!!!!!!!!! Pric«« good in McHenry County

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