HOME BUYER CANCEL RATES ARE NOW THE LARGEST IN HISTORY..THANKS JOE
This the 5th straight month of sales declines (and 11th of the last 12 months) leaving the YoY drop down over 36% – the biggest annual drop ever. “October was a difficult month for home buyers as they faced 20-year-high mortgage rates,” Lawrence Yun, NAR’s chief economist, said in a statement.
Cancellation rates among homebuyers are the highest they have been in several years. According to data from the National Association of Realtors (NAR), about 7 percent of contracts were…
USD. +0.02 +0.33%. The US housing market saw a rise in the percentage of deals cancelled in June as rising mortgage rates made homes more expensive, pushing some buyers to walk away from deals …
The Deal Is Off: Home Sales Are Getting Canceled at the Highest Rate Since the Start of the Pandemic. July 11, 2022 by Lily Katz and Ben Walzer. Some homebuyers are backing out of deals as a slowing housing market gives them more room to negotiate. Others are being forced to renege on contracts because higher mortgage rates mean some homes are …
Look no further than the latest earnings report by KB Home , one of the nation’s largest publicly traded homebuilders. On Wednesday, KB Home announced that its buyer cancellation rate in…
75% of recent home buyers have regrets about their new home 2 February 8, 2022, 5:00 AM · 6 min read A less frenzied spring market could ease buyer‘s remorse by giving shoppers more time to…
About 64,000 home-purchase agreements were canceled in August, according to a new report from Redfin. That’s equal to 15.2% of home contracts initiated during the month and similar to the 15.5%…