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The National Association of REALTORS® released information about the growth rates in home prices for the first quarter of 2010 compared to the first quarter of 2010. The Top 10 States (highest home price growth rate) are shown in the chart to the left. Ohio was listed as 39th with a statewide year-over-year home price growth rate of 5.5%. You can access the complete report from the National Association of REALTORS® Press Release. |
1st Qtr Home Price Growth Rates
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- Mortgage Rate Averages
What is a Home Warranty?
A home warranty is a service contract, normally for one year, which helps protect home owners against the cost of unexpected covered repairs or replacement on their major systems and appliances that break down due to normal wear and tear. Coverage is for systems and appliances in good working order at the start of the contract.
What is a Short Sale?
If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale. A short sale is different from a foreclosure, which is when the seller's lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure.
