AGP Executive Report
Last update: an hour agoMortgage & Rates Watch: Australia’s top economist Shane Oliver warns mortgage holders to brace for more pain, with two more rate hikes and national home prices potentially falling about 1% in 2026 and 5% in 2026–27. Buyer Leverage: Realtor.com says May list prices fell at the fastest pace since 2017, with sellers cutting expectations as pending sales rise for a sixth straight month. Negative Equity Risk: In Sydney, one buyer says a small apartment bought near the peak is now worth less than the purchase price, raising fears of slipping into negative equity as rates and tax changes loom. Policy Shock to Prices: CBA analysis says winding back negative gearing and capital gains discounts could hit home prices harder than the budget forecast, with dwelling prices expected to be flat in 2026. Local Housing Incentives: Chicago launched a HomeGrown Purchase Assistance Grant offering eligible first-time buyers up to $70,000 starting June 8. Market Snapshot (Canada): Toronto-area home sales rose for a third straight month in May, while average prices fell year-over-year, giving buyers more negotiating power. Legal/Regulatory: New York’s AG is reportedly investigating Compass over antitrust concerns after its Anywhere acquisition.
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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