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The monthly Standard & Poor Case-Shiller Home Price Report was released this past week for June 2010. The 20 City Composite continued it’s upward swing. June 2010 marks the third consecutive month of increases. June’s 20-city composite of 147.81 was .3% higher than May 2010. June was 1.10% higher than January 2010. And June 2010 is 4.22% higher than June 2009. You can find more information about the most recent Standard & Poor’s Case-Shiller report at these links: |
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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.
