Home purchases are getting canceled at the highest rate in years as high prices, elevated mortgage rates and economic uncertainty deter buyers, according to Redfin's analysis of MLS pending-sales data ...
In July, 15.3% of U.S. home-purchase agreements were canceled, the highest July rate since 2017. High prices, steep mortgage costs, and more inventory are prompting buyers to back out. San Antonio had ...
Even with a signed purchase agreement, buyers must navigate a series of steps — and potential pitfalls — before the keys are finally in hand.Photo courtesy Getty Images. The Silicon Valley Association ...
Potential homebuyers are canceling their purchase agreements at a record rate, according to Redfin, which first started tracking this trend in 2017. According to their data, more than 15% of homes ...
More would-be homebuyers than ever are backing out of their purchase agreements. More than 58,000 home purchase agreements were canceled in July—equal to 15.3% of all homes that went under contract, ...
WARREN — The Trumbull County Recorder’s Office has received several phone calls over the past week concerning a letter containing a “Purchase Agreement” being mailed out to Trumbull County residents.