AGP Executive Report
Last update: 4 hours agoMortgage Pressure & Prices: Redfin says home-price growth is cooling (up 0.25% in August), and it calls August the “strongest buyer’s market on record,” with more sellers than buyers as rates keep buyers cautious. Affordability Reality Check (US): New-home sales rose 6.4% in August, but year-over-year demand is still down as high borrowing costs keep affordability tight. First-Time Buyer Support (China/Spain): China will start interest subsidies for eligible first-time buyers on commercial mortgages from Oct. 1, while Spain’s government moves to curb speculation and address the housing crisis. Policy & Taxes (US Local): Roswell, Georgia approved a 2026 property tax rate that’s nearly 19% higher after weeks of debate. Brokerage/Tech Shakeup: A judge let Zillow’s antitrust lawsuit move forward, rejecting its bid to dismiss claims about steering tied to its agent and lending programs. Global Housing Deals: Bahrain’s National Bank expands real estate partnerships to broaden developer options and financing, and Saudi developer Almajdiah reports a full sell-out of Phase 1 for Meshraf Almajdiah. Development Watch: Milwaukee’s 25-story Zenith condo project cleared an initial City Hall endorsement, advancing toward public hearings.
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.