Homebuyers are freezing their purchasing plans at increasingly higher rates, according to Redfin’s latest market report. Fifteen percent of contracts, or 56,000, were canceled in August, the highest level since Redfin began tracking the metric in 2017.
Source: Inman News
Homebuyers froze deals at a record rate in August: Redfin
Published in atlanta, buyer trends, buyer's market, Contingencies, contract cancellations, Dawn Liedtke, earnest money, earnest money deposit, home inspections, Home Purchase Contracts, Homebuyer Leverage, inman, jacksonville, las vegas, Marian McPherson, Markets & Economy, mortgage rates, orlando, pending home sales, Redfin, Select, seller trends, Southeast and tampa
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