AGP Executive Report
Last update: 5 hours agoHousing Finance: Ireland is preparing to scale back some state purchases of social homes, putting more pressure on private builders. But developers still face a shortage of affordable finance, while buyers struggle to secure credit. U.S. Market: New-home sales slipped in September as mortgage rates climbed above 7%; prices also weakened. Zillow is offering eligible FHA buyers in 43 states down-payment help of up to 3.5%, forgiven after five years of on-time mortgage payments. Buyer Conditions: More listings in Brisbane, Adelaide and Perth are giving Australian upgraders greater choice. NSW is also set to require advertised asking prices or price guides, a change buyers welcome but agents say adds red tape. Ownership Costs: Falling U.S. home prices are being offset by rising insurance premiums, now averaging $209 a month for mortgage holders, up 8.7% year over year. Commercial Property: A Charlotte office building sold for about $38 million; its broker pointed to demand for renovated, well-located properties, with SouthPark’s Class A office vacancy at 5.2%.
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