AGP Executive Report
Last update: 2 hours agoLuxury Development: Terra and Fortune secured a $220 million loan for a 56-residence oceanfront condo on Key Biscayne, redeveloping the former Silver Sands resort site; presales are expected later this year. Buyer Affordability: In the US, household incomes fall short of what’s needed to buy a median-priced home in every state. At a 7.32% mortgage rate, the national gap is about $31,136. India Housing: Festive-season buyers are focusing on location, build quality and developer credibility, not just discounts. Sales of ₹2–5 crore homes rose 19.4% across eight cities in January–September, even as overall sales stayed broadly flat. Market Slowdown: US pending home sales hit their weakest October since 2018, while prices fell for a third straight week as buyers pulled back. Property Taxes: Florida’s expanded homestead exemption may encourage some buyers to close this year, while delaying larger tax breaks for newcomers and raising concerns about local revenues.
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