AGP Executive Report
Last update: 20 minutes agoMarket Shift: Australian home prices fell for a seventh straight month, with a possible rate hike adding pressure; Sydney’s downturn has passed 10%. UK house price growth is also weakening as mortgage rates rise. Affordability: A new analysis finds typical households can’t afford a median-priced home in any U.S. state. In Los Angeles, applications have opened for apartments starting at $1,062 a month. Supply and Costs: Home approvals are nearing a four-year high, but estimated apartment construction costs jumped 26.5% in a year to $738,000 per approved unit, outpacing the 4.5% rise for houses. Student Housing: UNC Wilmington paid $16.25 million for a nearby complex, securing 216 beds and giving the university more control over long-term housing costs.
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