The Commerce Department released their May 2009 Housing Starts data. As shown by the graphic, May provided a seasonally adjusted month-to-month increase of 17.2%. This shows good bounce from April’s record low of 454,000 starts, and it may be a leading indicator that the housing slump is slowly easing.
For additional information and analysis visit the MSNBC story.
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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.
