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Giannoulias, neighborhoods, transportation in this week's real estate news

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Maureen Wilkey

Writer on real estate from any angle

Here's a wrap-up of this week's real estate news:

-Alexei Giannoulias declined to provide detals on his family's struggling Broadway Bank: The candidate for U.S. Senator was previously a senior loan officer at the bank and says he no longer has access to the records that could determine whether or not he chose to put too much money into residential loans.

- Naperville appraiser reports some neighborhoods maybe on the way to increasing in housing prices again: The Sun-Time reports that a handful of suburbs and  north side neighborhoods have less than a six months supply of homes left.

-Longer commutes linked to more foreclosures in three different cities, including Chicago, those who commute more are often the ones who can't pay their mortgages. This may be because loan officers don't consider cost of transportation in their decision to lend  or not to lend, according to the SF gate.

-RE/MAX reports strong uptick of homesales in the fourth quarter The Realtor saw its units just 36 percent from the previous year, with listings in the city up by 8.2 percent.

-Local renovater builds homes for life The Chicago Tribune profiles a surburban remodeler who helps local residents gain value in their homes. 

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