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Standard & Poor’s Case-Shiller Home Price Report was released yesterday for the month of September, which was the resulting end of 3Q 2009. The analysis from Standard & Poor’s seemed to focus on the continued strength of housing prices in the second and third quarter. A sustained run of six months of positive news for housing prices, and this is good news for our market. The facts for September are a little more muted, however. Because when we analyze the graphic at the left, we see that the housing price increases are slowing on a month-to-month basis. S&P’s analysis infers that this is the result of the hot summer real estate season heading into the relatively calm winter/holiday seasons. More news on the Standard&Poor’s Case-Shiller report can be found here: |
Home Prices Improving – Case-Shiller
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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.
