AGP Executive Report
Last update: 9 hours agoMortgage Shock: U.S. 30-year mortgage rates jumped to 7.49%, a three-year high, as bond yields surged—adding pressure to buyers and sellers. Cooling Markets: UK surveyors reported weaker buyer inquiries, agreed sales and prices in September, while Adelaide’s auction clearance rate fell to 46.4%, from 82.1% a year earlier. Asia: India’s 25-basis-point repo rate hike is set to raise home-loan payments; in Seoul, high-end apartments are increasingly selling at auction below appraised value as lending curbs and tax changes weigh on demand. Supply and Affordability: Australia faces a reported 130,000-home building shortfall, even as distressed listings rise, underscoring the challenge of meeting housing demand amid tighter financing.
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.