Podcasts & RSS Feeds
Most Active Stories
- Former Detroit broadcaster was inspiration for 'Ron Burgundy'
- Muskegon is home to America's tallest, singing Christmas tree
- Pressure builds on Michigan Football as Athletic Department's budget grows
- Why this 20 year old is getting a mastectomy, and why she's not alone
- Tribal sovereignty at issue in US Supreme Court case out of Michigan
Wed August 28, 2013
Home prices are 'going strong,' which means more home equity loans for homeowners
We see Michigan home prices, by and large, climbing back up from the depths of the Great Recession.
Detroit-area home prices were 16% higher since less than one year ago. That's according to the Standard & Poor's Case-Shiller home price index. That means that home prices in the six counties of southeast Michigan are higher than they've been since 2008.
Rebounding home values means that more people are able to tap into cash through home equity loans. But, if you're eyeing a home equity loan, be careful.
That's the advice from Detroit Free Press personal finance columnist Susan Tompor.
To listen to the audio interview, click the link above.