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The Cincinnati Area Board of Realtors® released their analysis of recent market activity. According to their information local home sales (closings) were up 25.43% in May when compared to May 2009. The press release offers interesting data for the past three months:
Follow this link for the Cincinati Home Sales Press Release (PDF format). |
Cincinnati Home Sales Up in May
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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.
