Homebuyers are Walking Away from Deals at Record Rates: What It Means for the Market
Highlights: – Over 40,000 home purchase agreements were canceled in December, marking a 16.3% cancellation rate—the highest since Redfin began tracking. – The gap between home sellers and buyers reached a record 631,535, indicating a significant buyer’s market. – Concerns about the economy and rising housing costs are influencing buyer behavior, leading to increased selectivity […]
