AGP Executive Report
Last update: 10 hours agoBuyers Gain Leverage: In a sluggish U.S. market, sellers are cutting prices and offering help with closing costs as high mortgage rates and elevated prices keep buyers cautious. Pending sales have hit a record low, while rising listings in some areas give house hunters more room to negotiate. More Choice, Uneven Markets: Perth’s listings have nearly tripled year over year, and homes are taking longer to sell, easing pressure on first-time buyers. But conditions vary: Ahwatukee pending sales fell by more than half in September as inventory climbed, while Seoul apartment listings neared 80,000 amid higher borrowing costs. Affordability and Supply: UK new-home registrations dropped 13% in the third quarter, pointing to a smaller building pipeline. A proposed first-home initiative would let eligible buyers purchase new builds with a 2.5% deposit, though full details are still to come. Plan Before You Buy: Families considering a joint purchase should agree upfront on mortgage responsibility, contributions and ownership shares. Buyers eyeing homes near water should also check flood maps and get an insurance quote before committing.
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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