AGP Executive Report
Last update: 6 hours agoAffordability Squeeze: Higher mortgage rates are weighing on existing-home sales, while U.S. prices have started falling but monthly payments remain high. In Florida’s Volusia-Flagler area, existing-home sales fell 11.6% year over year in September; the median price held at $360,000. Market Outlook: New Zealand home values are down 2.3% from a year ago, and an economist expects sluggish sales for at least 12 to 18 months. In Britain, Savills forecasts prices will fall 1.5% in 2027, with recovery unlikely before 2028. Property Taxes: Florida voters approved a larger homestead exemption, rising to $150,000 in 2027 and $250,000 in 2028, while the annual assessment cap for non-homestead properties drops from 10% to 5%. First-Time Buyers: Yonkers launched down-payment assistance of up to 19% of a home’s purchase price; the interest-free aid is forgiven after five years if buyers meet program requirements.
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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