Finance & Mortgage

'Government Imposes Tougher Penalties for Foreigners Who Breach Australian Residential Property Investment Rules

New tougher procedures for foreign property investment in Australia takes effect this week.

'Are Baby Boomers Causing Shortage in Real Estate Inventory?

Economists now argue that baby boomers - the people who rocked at Woodstock and were active in campus protests - who used to take out mortgages and buy lots of real estate are not downsizing fast enough and aren't putting their houses for sale as earlier generations did. As they refuse to move, it contributes to inventory shortages and an increase in prices, Chicago Tribune reports.

'The Historic Mackie House in Covington, Louisiana is Listed on the Market for $1.78M

This quintessential and Acadian style home features an architectural style that is derived from French country homes that the French Canadian settlers brought to this place. The historic Mackie House which has a Louisiana Charm in Spades is listed on the market for $1.78 million.
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