I think this is trying to tell us something....fwiw
Redfin reports housing costs are frightful and economic jitters are in the air, leading some buyers to leave sellers in the lurch
SEATTLE--( BUSINESS WIRE)--Just over 53,000 home-purchase agreements nationwide were canceled in September, equal to 15% of homes that went under contract that month, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s up from 13.6% a year earlier.
Homebuyers are ghosting sellers at a higher rate in some parts of the country, mostly in Florida and Texas. In Tampa, which had September’s highest cancellation rate, 20.1% of home-purchase agreements were canceled, up from 17.7% a year earlier. Next comes San Antonio, where 19% of deals were called off, up from 16.8%. Fort Worth, Dallas, Orlando, Fort Lauderdale and Jacksonville are also among the metros where cancellations were most common in September. |
