AGP Executive Report
Last update: 8 hours agoRates & Housing: Hot October inflation has revived bets on Fed rate hikes, while U.S. home-sale prices fell for the first time since 2023 as higher borrowing costs squeeze buyers. Dubai Development: Nakheel unveiled a 3.8-million-square-metre project planned for 50,000 residents; separately, Dubai approved a Metro extension to Al Maktoum International Airport, with service expected in 2031. Affordable Housing: California nonprofit EAH Housing plans to buy Catholic Charities of Oregon’s 19-property portfolio for $30 million, bringing more than 1,000 affordable homes under new ownership, pending approval. Tenant Protections: New York City’s mayor signed a law giving nonprofits the first chance to buy troubled buildings, aiming to protect housing from predatory investors. Real Estate Fraud: A Westchester County man faces charges in an alleged $5 million property-investment scheme; prosecutors say he used new investors’ money to pay earlier investors and fund personal spending.
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