AGP Executive Report
Last update: an hour agoHousing Affordability: A new BestBrokers analysis finds home prices have stabilized since the pandemic, but affordability still varies widely—Hawaii, California and Utah are hardest to buy in, while Delaware is among the states with the lowest median sale price to income ratios. Delaware Probate Update: Delaware raised its small-estate probate threshold from $30,000 to $50,000, effective immediately after Gov. Matt Meyer signed HB 333 on June 10, easing the process for modest estates. Local Housing Politics: Wilmington City Council failed to override Mayor John Carney’s veto of a housing ordinance, keeping the fight alive over whether to create a dedicated affordable-housing fund or fund projects through the city budget. Business & Courts: Delaware’s U.S. attorney’s office is investigating Hunter Biden’s tax affairs. Delaware Economy Leadership: Delaware Prosperity Partnership named Monique Claiborne Cardwell as its next CEO, starting Sept. 14. Industrial Deal: Harvey Hanna & Associates bought a 103-acre Middletown warehouse site for $25.3 million, targeting 1.3 million square feet of industrial space. Governance Law: Delaware’s Court of Chancery issued a first interpretation of amended DGCL Section 144 safe-harbor rules, raising the bar for rebutting director independence at the pleading stage.
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