AGP Executive Report
Last update: 8 hours agoU.S. Housing: Existing-home sales fell 5.5% in October to a 16-year low, as mortgage rates near 7.3% and high prices kept buyers on the sidelines. The median price still rose 0.4% year over year to $416,700, while inventory edged up to 1.59 million homes. First-time buyers made up just 29% of sales. Nashville Market: Sales dropped 12% from a year earlier, marking a fifth straight monthly decline. Inventory rose, and median prices fell for both single-family homes and condos, giving buyers more leverage. Scotland Outlook: Surveyors reported fewer sales and buyer enquiries in October as higher mortgage rates weighed on the market, though many expect sales and prices to rise in the coming months. Spain Housing Policy: Parliament approved measures aimed at limiting evictions and property speculation after major protests over housing costs. Their future may hinge on the Nov. 29 election, with the opposition pledging to repeal them.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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