AGP Executive Report
Last update: 21 minutes agoU.S. Market: October home listings accumulated, while price cuts affected 20.5% of listings and the median asking price fell 2.2% year over year to $415,000. Homes under contract were down 10.5%, as higher mortgage rates kept buyers on the sidelines. Homeownership: California voters passed Proposition 37, creating a program that could let eligible middle-income buyers put 3% down on qualifying new homes; the measure authorizes up to $25 billion in bonds. Rental Crisis: D.C. renters face a shrinking safety net as evictions hit a record, with voucher recipients among those at risk of losing housing. Global Supply: In Limassol, 3,013 of 4,932 apartments under construction remain unsold; asking prices for older apartments fell 9% between February and September. Rent Policy: Lagos governorship candidate Obafemi Hamzat says he would enforce the state’s one-year rent rule, aimed at curbing demands for multiple years’ rent upfront.
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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