Metro-East News

Business Briefing: Illinois home sales decline in October, but gain in price

Will Buss
Will Buss

Fewer homes sales were completed last month compared to the year before, but median home prices were up during that same span.

The Illinois Association of Realtors has recorded a 2.8 percent decline in sales during October 2015, compared to October 2014. The median sales price of those homes, the point where half sold for more and half sold for less, rose by 6.3 percent in that time from $158,000 to $168,000. The association cited tightened inventory for the sales decline.

***

Michael Jordan has reached a settlement with a drug store chain that had allegedly misused the Basketball Hall of Famer’s name. Jordan’s name had appeared in a Jewel-Osco ad that appeared in a 2009 Sports Illustrated ad. A grand jury awarded Jordan $8.9 million over the case. A trial was set to start next month. Learn more here.

***

GameStop Corp. is reporting $55.9 million in earnings during the third quarter. The Grapevine, Texas-based company said it had net income of 53 cents. Read more here.

***

In the days leading up to a traditionally busy and hectic time for air travel, a new study finds consumers are waiting longer than ever for airlines to taxi on the runway. According to statistics from the Bureau of Transportation Statistics, airplanes spent 23 minutes and 32 seconds, on average, taxiing between gates and runways during the first nine months of the year. That waiting time is the longest on record. Learn more here.

-Will Buss, BND business writer

  Comments