AGP Executive Report
Last update: 4 hours agoInternational Buyers: The National Association of Realtors says foreign purchases of U.S. homes fell 14% in the past year, with $45.3B in sales down 19.1%, and the 67,100 homes sold to overseas buyers hitting the second-lowest level since 2009. Housing Markets: Seoul’s tax overhaul is pushing landlords to move into their own apartments, while renters rush to brokerages for a shrinking pool of jeonse and monthly-rent listings—banks are also tightening balance-payment loans. Policy & Costs: Korea’s tax overhaul is sending landlords to banks and tenants to brokers as owner-occupier demand collides with lending limits. Local Development Fight: In Chicago’s Crown Hill, neighbors are pushing back on a planned 99-unit apartment complex at 34th & Illinois, arguing the area needs more retail and grocery space. Property Data & Valuations: Greene County (auditor) released new property values for the 2027 tax calculation, with a complaint window for owners who disagree. Real Estate Services: RealEstatePhotography.com launched a curated directory to match real estate professionals with vetted photographers by location. Safety/Buildings: A 3-alarm fire in Woodbridge displaced at least 19 residents and injured two firefighters, leaving the apartment building unsafe to occupy. Land & Records: A Rivers State valuation professor links land grabbing to weak documentation and calls for stronger valuation systems and better property records.
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.