AGP Executive Report
Last update: 4 hours agoInvestor Rules: The U.S. Treasury is proposing restrictions on large investors buying single-family homes, a move that could reshape competition for buyers if adopted. U.S. Market: New-home sales slipped 0.6% in September as mortgage rates reached 7.32%; builder confidence is also weak, with 43% of builders reportedly cutting prices. First-Time Buyers: The U.K.’s proposed Your First Home scheme could let eligible buyers purchase new homes with a 2.5% deposit, though full details are still pending. Affordability: The U.S. faces a shortfall of 6.8 million affordable homes, while housing is generally considered affordable when costs stay below 30% of household income. Australia: Renewed rate-hike fears are clouding the outlook: home prices have fallen 5.5% this year, and further declines could deepen the downturn.
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