AGP Executive Report
Last update: 10 hours agoSales Outlook: UK surveyors expect home sales to weaken over the next year, the gloomiest forecast since 2023, as higher mortgage rates curb demand and prices resume falling. Australia Lending: New home loans fell 15% in the September quarter, while investor loans plunged a record 31%, amid rising rates, tax changes and expectations of lower prices. U.S. Affordability: First-time buyers are increasingly shut out, with the median age reaching 40; mortgage rates have eased for a fourth week, offering some relief but remaining above 7%. Canada Policy: The federal budget proposes extending the foreign-buyer ban to 2029, with an exemption for newly built homes.
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