Deals for home sales are increasingly falling through in an uncertain economy: ‘I’m grieving the loss of that house’
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Sticker shock and cold feet are leaving nervous American homebuyers adrift. Indeed, real estate deals across the country are going up in flames. About 15% of home-purchase agreements were cancelled in September, the Wall Street Journal reported, citing Redfin data. That rate is up from roughly 13.6% last September. Economic and employment fears, paired with elevated costs of homeownership, all add fuel to the fire. The National Association of Realtors tracked a weak summer of resales this year,
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