Home Buyers Could Soon Get $1 Million Mortgage With 3% Down Payment

Home Buyers Could Soon Get  Million Mortgage With 3% Down Payment

To qualify for a $1 million mortgage, Americans typically have to make a down payment of at least 20% of the home’s price. Starting next year, some buyers could put as little as 3% down. The cap for home loans backed by Fannie Mae FNMA 3.04% and Freddie Mac FMCC 2.88% rises to $1,089,300 next … Read more

The bestselling books in Canada for the week ending Nov. 23, 2022

The bestselling books in Canada for the week ending Nov. 23, 2022

Our bestseller lists this week is a good tip sheet for the books that will be making their way to prime positions under the tree and into Canadian stockings in December. The No. 1 book sold across Canada this week is Michelle Obama’s just out “The Light We Carry,” a sequel to her massively popular … Read more

Home Buyers Flock to Florida Cities Devastated by Hurricane Ian

Home Buyers Flock to Florida Cities Devastated by Hurricane Ian

Less than a month after Hurricane Ian caused widespread devastation to southwestern Florida, investors and other buyers are scouring for housing deals in a region where home prices have soared in recent years. Demand remains strong from both locals and out-of-staters, according to residential real-estate agents in Naples, Fla., and other areas near the path … Read more

The bestselling books in Canada for the week ending Oct. 12, 2022

The bestselling books in Canada for the week ending Oct. 12, 2022

Two anticipated books involving conflict in high places debut on the Original Non-Fiction bestseller list this week. In the top spot is “Confidence Man: The Making of Donald Trump and the Breaking of America,” by the New York Times reporter and veteran Trump-watcher Maggie Haberman. And at No. 9 is “Revenge: Meghan, Harry and the … Read more

Home buyers are backing out of contracts in the Sun Belt, especially in Las Vegas, Phoenix, Tampa and Texas

Home buyers are backing out of contracts in the Sun Belt, especially in Las Vegas, Phoenix, Tampa and Texas

The tide has turned, and buyers are now backing out of deals in the Sun Belt as rates rise and home prices remain unaffordable. Once pandemic boomtowns, 15.2% of homes in cities in the Sun Belt that went under contract in August fell through, or roughly 64,000 homes nationwide saw deals dropped, a new report … Read more

In a Slowing Housing Market, Sellers Ask: Why List a Home When You Can Collect Rent?

In a Slowing Housing Market, Sellers Ask: Why List a Home When You Can Collect Rent?

After Mark and Melissa Reichert moved from California to Dallas, the couple put their home in the Los Angeles suburbs up for sale this summer. Yet even after they cut the asking price by $10,000, there was hardly any interest. Instead, they decided to rent out the house. Their monthly payout now covers their ownership … Read more

Victorian businesses push politicians to replace property stamp duty with land tax

Victorian businesses push politicians to replace property stamp duty with land tax

Victoria’s major parties are being urged to follow New South Wales and swap stamp duty for a land tax system. Key points: The state’s peak business group has suggested property buyers should be able to make smaller annual payments rather than a large one-off sum It argues the change would make Victoria more competitive with NSW … Read more

The bestselling books in Canada for the week ending Sept. 10, 2022

The bestselling books in Canada for the week ending Sept. 10, 2022

September — a.k.a. the Annual Book Deluge — is underway, with several new and noteworthy books on the bestseller lists this week. On the Original Fiction list, Taylor Jenkins Reid’s latest, “Carrie Soto Is Back,” arrives at No. 1. It’s a stand-alone, though it occupies the same literary universe as the previous three books in … Read more

The bestselling books in Canada for the week ending Aug. 31, 2022

The bestselling books in Canada for the week ending Aug. 31, 2022

Our attention this week is focused on the Non-Fiction list, with three anticipated new books taking their place in the ranking. In top spot on both the Original and the Canadian list is “The Series,” Ken Dryden’s revisiting of the 1972 Summit Series, the almost month-long series of epic hockey matches between Canada and the … Read more

Everyone’s a Landlord—Small-Time Investors Snap Up Out-of-State Properties

Everyone’s a Landlord—Small-Time Investors Snap Up Out-of-State Properties

Jack Cronin found San Francisco-area homes too expensive or too far from the city center to buy when he lived there in 2020. The tech worker still wanted a piece of the hottest housing market of his lifetime, so he started looking farther afield. Last year, the 28-year-old used a website called Roofstock, which provides … Read more