AGP Executive Report
Last update: 4 hours agoMortgage Rates & Affordability: Mortgage rates climbed back into the 7% range, with the 30-year fixed averaging 7.03% and applications slipping after the Fed’s latest move, adding fresh headwinds for home sales. Fed Policy Watch: The Fed raised its target rate to 3.75%–4% as inflation stays elevated, but mortgage pricing depends on more than the Fed’s decision. Local Home Sales (North Bay): Napa saw a $590,000 sale for a 2-bed (6,534-sq-ft lot) and a $550,000 sale for a 4-bed; Santa Rosa recorded a $1.28M sale for a 3-bed on 1.1 acres and a $565,000 sale for a newer 4-bed. Housing Supply & Community Costs: A guide to HOA due diligence highlights reserve funds, upcoming projects, and the risk of special assessments before you buy. Commercial Real Estate: Streeterville’s 212 E. Ohio cleared a permit to convert upper floors into 28 rental apartments, while an R&D/manufacturing portfolio in Andover traded in a $43.5M deal. Market Signals Overseas: Philippines residential price growth nearly stalled in Q2, while PNB Holdings debuted on the PSE to redevelop prime Makati and Pasay properties. Buyer/Investor Caution: A Dallas “We Buy Ugly Houses” franchise owner was sentenced to 15 years for a $39M home investment fraud scheme.
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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