AGP Executive Report
Last update: 8 hours agoPrices and Affordability: U.S. home prices rose in 78% of metro areas in the third quarter, with the national median up 1.7% year over year to $432,900. But affordability remains a hurdle: September new-home sales fell as mortgage rates topped 7%. Buyer Leverage: In a slower market, sellers are cutting prices and offering incentives. Zillow Home Loans is also offering eligible FHA buyers zero-interest down-payment assistance in 43 states. First-Time Buyers: The UK’s new Your First Home scheme aims to help 70,000 people buy, alongside £1.5 billion for affordable housing. Housebuilders and housing experts say the plan may fall short. Homebuying Risks: Pennsylvania now requires sellers to disclose more about flood risk, giving buyers important information before they commit.
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