Here's a round-up of this week's real estate news.
-Home equity loans are now out of vogue With lenders less willing to lend and lots of homeowners underwater on their first mortgage, banks aren't keen on letting you use your home as an ATM anymore, says ABC7.
-Fewer homeowners are able to get refinancing because of appraisal and self-employment rules, about 1/3 or homeowners can't refinance, even though rates are at 5.05 percent, according to the Sun-Times.
- Home prices weren't as bad as economist predicted Reuters reported that home sales were supposed to be down $3.6 trillion, but only fell by $489 billion. Boston and Providence showed the greatest gains.
-Suburban homes gaining value year after year For the last three months, homes in McHenry County have gone up on a year over year basis.
-Melissa Harris recalls her last four months in Chicago.the post office auction and lawsuit about the Ritz-Carlton Tower are in the highlights for this year.
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