1 in 7 Home Purchases Were Canceled Last Month. Why Experts See a Silver Lining
Key Takeaways More than 58,000 home purchase agreements were canceled last month, or 15.3% of all homes that went under contract, according to a report from Redfin. Deals were most likely to collapse in Texas and Florida, two states that have seen relatively high rates of housing construction. Monthly costs—mortgage rates, insurance premiums, property taxes, […]
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