AGP Executive Report
Last update: 7 hours agoBuyer Sentiment: Australian buyers are hesitating, with 41% saying it’s a bad time to buy a first home. In the U.S., mortgage demand fell 19.2% as first-time buyers pulled back. Affordability: RBC’s Canadian poll found 53% of prospective buyers would consider a multigenerational home to manage costs, though 26% would do so only out of necessity. Market Signals: U.S. existing-home sales rose 1.5% in September, but pending sales sank to a 12-year low as mortgage rates climbed above 7%. Perth Watch: Values dipped 1.2%, yet sought-after homes still draw multiple offers; one buyer’s agent warns that waiting for a price bottom can mean missing the home you want. Local Supply: Emporia has only about two months of housing inventory, keeping competition tight as affordability concerns grow. York County buyers can also bid on five residential properties at an Oct. 28 public auction. New-Build Costs: Builder incentives such as rate buy-downs or closing-cost help can lower upfront or monthly costs—compare the payment savings, not just the headline offer.
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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