AGP Executive Report
Last update: 3 hours agoMortgage Rates: The average 30-year U.S. mortgage reached 7.4% on Oct. 8, up from 6.3% a year earlier, as bond yields climb. Some buyers may stop waiting for rate cuts if borrowing costs stay high into 2027. Affordability: U.S. home prices have risen 441% since 1984, more than twice the 210% increase in inflation, putting the median home at about $423,100. Buyer Tips: A home inspection checklist can help buyers separate practical concerns from emotion—and negotiate as more sellers cut prices. Selling Advice: Realtors say an updated kitchen can help a home stand out, while sellers in England and Wales should beware of gazundering: buyers can lower their offer before contracts are exchanged, potentially derailing a move.
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