Tag Archives: Home Purchase Contracts

Homebuyers canceled deals at their highest rate ever in December

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Homebuyers in the U.S. canceled about 40,000 purchase agreements during the month of December — a record for any December dating back to at least 2017. Continue reading →

Homebuyers froze deals at a record rate in August: Redfin

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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. Continue reading →

Summer sales have hit their slowest pace in 10 years

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A growing number of homes sitting longer on the market has made buyers more relaxed about transacting, causing some to wait it out or even cancel contracts because they have more options. Continue reading →