Cold Feet & Canceled Deals: Why Buyers Are Backing Out in Record Numbers
The real estate market is seeing a big change. Home purchase agreements are being canceled more than ever. In July, about 58,000 U.S. home-purchase agreements were canceled. This is 15.3% of all homes that were under contract that month. Cities like Fort Lauderdale and Jacksonville are seeing a lot of home purchase cancellations. We need…
