AGP Executive Report
Last update: 5 hours agoLocal Market: Lancaster County home prices eased seasonally to a $370,000 median in September, but remained above last year’s level. Homes still sold for an average 103.1% of asking price and five days faster than a year ago. Cooling Sales: British Columbia sales fell 9% year over year in September, with the average price down 2.4%. Quebec sales also slipped, while rising listings are giving buyers more choice and reducing bidding wars in some areas. Mortgage Pressure: U.S. inflation climbed to 3.7% in September, and mortgage rates have risen sharply since August, adding to fears of further rate hikes. Buyer Tips: Builder incentives are widespread, with 66% of builders reporting offers in September. Buyers considering a lower initial payment should check how much it will rise later.
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.