AGP Executive Report
Last update: 11 hours agoU.S. Market: Pending home-sale contracts hit a record low as mortgage rates reached 7.4%, signaling a sharp pullback by buyers. Condo Shift: Developers made up nearly 45% of Toronto’s new-condo sales in the third quarter, as individual buyers pulled back. Investors are also buying unsold units at steep discounts. Rents and Prices: New Zealand rents have stabilized and the cost gap between renting and buying has narrowed, though rising mortgage rates could widen it again. Australian capital-city home prices posted their steepest quarterly decline on record, while UK annual price growth slowed for a fourth straight month.
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