AGP Executive Report
Last update: 12 hours agoRental Affordability: Renters earning the average wage would need to work 55.9 hours a week to afford a modest two-bedroom home nationally, a new analysis finds. In Hawaii, the figure reaches 86.6 hours; four other states top 70. Buyer-Seller Balance: Condo sellers now outnumber buyers by more than two to one nationwide, pointing to a market tilted toward buyers. Luxury Housing: U.S. luxury home prices have fallen year over year for 31 straight months, with the national entry point for the top 10% of listings down 2.3% to about $1.2 million. Florida bucked the trend as wealthy newcomers met limited supply. Construction Jobs: The U.S. construction industry lost 3,000 jobs in October, according to a new report.
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