AGP Executive Report
Last update: 7 hours agoBuyer Leverage: U.S. home sellers made a record number of price cuts in September as inventory neared pre-pandemic levels, giving buyers more room to negotiate. But rising mortgage rates are squeezing affordability, and Seattle-area buyers are putting down larger deposits to manage monthly costs. California Outlook: C.A.R. forecasts existing-home sales will rise 3.7% in 2027 to 277,900, with the median price up 1.4% to $894,400 and affordability unchanged. Market Signals: UK house prices were flat as mortgage costs weighed on demand; Australian home values have fallen for five straight months, leaving recent buyers exposed. First-Time Buyers: In Canada, 64% say there is no perfect time to buy, while many are prepared to compromise on what they want to secure a home. New Supply: Construction has begun on 191 homes in Milton Keynes, including affordable and rental units, with the first residents expected in spring 2027.
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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