US metros where homebuying deals are crumbling
Teona Gherasim
In today’s volatile market, a growing number of home purchase agreements are falling apart before reaching the closing table. Last year, 7.1% of homes fell out of contract and returned to being for sale, according to Realtor.com® economists. “Deals may fall apart due to financing issues, appraisal gaps, inspection findings , or buyer hesitation as costs change,” says Hannah Jones, senior economic research analyst at Realtor.com. “In a higher-rate environment, even small shifts in
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