AGP Executive Report
Last update: 2 hours agoHousing Market: U.S. home sales fell 8.7% year over year in October as mortgage rates topped 7%; pending listings dropped 16.8%, the sharpest annual decline since August 2023. First-time buyers made up just 22% of purchases, with a record 10% paying cash and the median buyer age holding at 40. Industry Moves: The newly combined Real/REMAX reported third-quarter revenue of $728 million, up 28%, and said it had identified $40 million in annualized cost savings. Distressed Assets: Properties tied to Ugandan businessman Mathias Magoola’s companies—including a factory, hospital and wheat plant—face auction over disputed debts reported at Shs147.7 billion. Global Markets: Qatar recorded QR572.5 million in property trades in one week. Urban Development: Ken Griffin’s $1.1 billion purchase of Miami’s Mana Wynwood site clears the way for a planned Carnegie Mellon campus by 2028, reshaping a major development district.
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