AGP Executive Report
Last update: 9 hours agoAsia-Pacific: Beijing’s new-home market rebounded sharply, with sales volume from Oct. 1–8 up 163% year over year, while Seoul buyers drove the strongest apartment-price gains into lower-cost districts. Australia: Auction clearance stayed below 50% for a second week as higher rates weighed on demand; national prices slipped to year-ago levels, and Sydney values are nearly 9% below February’s peak. U.S. Market: Denver-area home sales fell to 2,849 in September, the lowest monthly total since 2008, as mortgage rates climbed to 7.5%. Rising inventory is also giving buyers more leverage nationwide, prompting sellers to consider concessions such as rate buydowns and help with closing costs. Canada: Ottawa recorded 1,002 sales in August, down 18.6% year over year, while supply reached 4.5 months—shifting negotiations toward buyers. Affordability: On Cape Cod, the median single-family price has more than doubled in a decade, leaving many year-round residents priced out.
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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