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Standard & Poor’s Case-Shiller Home Price report was released this week. For July 2009, the composite index for 20 cities acroos the U.S. was up for the fourth consecutive month. The residential real estate market continues to build strength and is showing increased stamina as we head into the fall and winter months. While we’re no longer at the recent “bottom,” there are still great opportunities to find wonderful homes with very motivated sellers. More news on the Case-Shiller report can be found here: |
Home Prices continue Rebound
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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.
