AGP Executive Report
Last update: 6 hours agoHoliday Buying: Redfin says early November to mid-December offers the best buying conditions in seven U.S. cities, including Riverside, Tampa, Miami and Detroit. Buyers may find fewer fresh listings, but face less competition and more sellers willing to negotiate. U.S. Market: Buyers have more leverage as sellers outnumber them, Redfin reports. The median sale price rose just 0.2% year over year to $390,614, while 21.7% of listings had price cuts. Australia: Auction clearance rates sank to 47.2%, their weakest since April 2020, as buyers stayed cautious amid rate concerns. Affordability is also worsening: just 12.76% of Greater Brisbane suburbs are within reach of a couple earning average incomes. UK Prices: Annual house-price growth slowed to 0.5% in October, the weakest since January 2024, as rising mortgage costs weighed on demand.
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.