Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56,000 home-purchase agreements in June, according to Redfin.
Source: Inman News
Summer slump sees buyers back out of deals at record rates
Published in affordability, Florida real estate, home price growth, homebuyers, homesellers, Markets & Economy, Miami real estate, mortgage rates, pending home sales, price cuts, rate growth, Redfin, Select and summer homebuying
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