AGP Executive Report
Last update: 5 hours agoU.S. Housing Market: Existing-home sales fell 5.5% in October from September and 8.8% year over year. The 30-year mortgage rate eased to 7.11% but remains above 7%, keeping affordability tough. First-Time Buyers: The median age for U.S. first-time buyers has reached 40, a sign of how high prices and borrowing costs are delaying homeownership. Buyer Protection: Deed fraud can let scammers pose as owners and try to sell mortgage-free homes. Owners should watch property records closely, and buyers should verify ownership before closing. Buyer Leverage: Condo sellers now outnumber buyers by more than two to one, giving shoppers more room to negotiate in that segment.
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.