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

Inside the 290-Square-Foot London Cottage That’s Asking $1.4 Million

Inside the 290-Square-Foot London Cottage That’s Asking .4 Million

Five years ago, English real-estate developer Robin Swailes saw a newspaper article about a property claiming to be the smallest detached home in the London area. He was charmed by the roughly 290-square-foot cottage, and bought it for about $825,000. “I could see the opportunity to make it a really special place to live,” said … Read more

Ivana Trump’s N.Y.C. Townhouse, Decked Out in Gold and Animal Print, Asks $26.5 Million

Ivana Trump’s N.Y.C. Townhouse, Decked Out in Gold and Animal Print, Asks .5 Million

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. Stepping into Ivana Trump ‘s Manhattan townhouse, with its limestone facade and embellished gold entryway, is like stepping back in time to the 1980s, when the late socialite and her ex-husband, former … Read more

A Red Hot Chili Pepper and a Getty Oil Heir Once Owned This $9.885 Million L.A. Home

A Red Hot Chili Pepper and a Getty Oil Heir Once Owned This .885 Million L.A. Home

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. The former Los Angeles home of the Red Hot Chili Peppers bassist Michael Peter Balzary, better known as “Flea,” is hitting the market for $9.885 million. The roughly 2-acre property is located … Read more

Derek Jeter's New York Castle Is Headed for the Auction Block – WSJ – The Wall Street Journal

Derek Jeter's New York Castle Is Headed for the Auction Block – WSJ – The Wall Street Journal

Derek Jeter’s New York Castle Is Headed for the Auction Block – WSJ  The Wall Street Journal

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

After Hurricane Ian, Salvage Firm Pulls Yachts Out of Swimming Pools and Mangrove Trees

After Hurricane Ian, Salvage Firm Pulls Yachts Out of Swimming Pools and Mangrove Trees

Heather O’Brien makes a living rescuing small boats and yachts in the waters near Fort Myers, Fla. Since Hurricane Ian, she has been busy. On a typical weekend this time of year, Ms. O’Brien might get a dozen or so calls for help, mostly from locals who need a tow because their boat ran out … Read more

‘We’re seeing buyers backing out’: This dramatic chart reveals U-turn in the housing market as sellers slash home prices

‘We’re seeing buyers backing out’: This dramatic chart reveals U-turn in the housing market as sellers slash home prices

Here’s a chart that speaks a thousand words about the state of the real-estate market right now. The chart above, part of a new report by real-estate brokerage Redfin RDFN, -7.03% on the property market, reveals how home sellers are adjusting to the new normal of 7% mortgage rates. The chart says that 7.9% of … Read more

Malibu Mansion Sells For $100 Million to Billionaire Media Mogul

Malibu Mansion Sells For 0 Million to Billionaire Media Mogul

Billionaire media mogul Byron Allen has paid $100 million for a Malibu estate formerly owned by self-storage billionaire Tammy Hughes Gustavson, according to a person familiar with the situation. The deal represents the most ever paid for a home by an African-American buyer in the U.S. and is one of the highest prices paid for a U.S. … Read more

The gap between wage growth and rent growth in New York City is at its widest since the 2008 financial crisis. But there may be good news ahead.

The gap between wage growth and rent growth in New York City is at its widest since the 2008 financial crisis. But there may be good news ahead.

New Yorkers’ rents are rising. The same can’t be said for their wages. New York City’s rental costs soared by 13.4% between August 2021 and August 2022 when adjusted for inflation, according to a report released Thursday by the real-estate platform StreetEasy. Real wages in the city, meanwhile, slid 9.1% in the same time frame, … Read more