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home has become a drawn - out affair and
rising prices require more savings for a down payment.»
The law
requires this limit to be adjusted each year to reflect the changes in the national average
home price; however, declining
home prices led to legislators clarifying that the baseline loan limit could not
rise again until the average U.S.
home price returned to its pre-decline level.
Dollars and cents: For someone purchasing a $ 700,000
home — a common list
price in Toronto and Vancouver — the minimum down payment
required will
rise by $ 10,000 to $ 45,000.
Current proposals by global warming advocates will likely cost billions of dollars and
require a wholesale transformation of the nation's economy and society. Americans could be paying 30 percent more for natural gas in their
homes and even more for electricity.  The cost of coal could quadruple and crude oil
prices could
rise by an additional -LSB-...]
Survey results show that Americans» newfound optimism about
home prices, the economy, and personal finances is balanced by concerns about
rising household expenses, which may
require Americans to remain cautions about the recovery.
Home prices are
rising fast in big cities like Toronto and Vancouver,
requiring larger down payments, so why not throw more money at the problem?