AGP Executive Report
Last update: 4 hours agoU.S. Housing Slump: Pending home sales fell 11.3% year over year in September to a record low. A new affordability study puts average mortgage rates at 7.28%, up from 2.77% in 2021. Australia: Developer Mirvac sold 429 homes in the September quarter, down nearly a third from a year earlier, citing higher rates and tax changes that dampened buyer sentiment. Asian Markets: Seoul’s tiny apartments jumped 16% as buyers opted for smaller homes. Rental Access: An Australian parliamentary inquiry heard concerns that rental-screening platforms may discriminate; one single mother said she secured a home only after removing her child from her application. Florida Property Taxes: Governor Ron DeSantis is backing a November ballot measure to expand homestead exemptions and create a path to ending non-school property taxes on owner-occupied homes.
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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