Rising Homebuyer Cancellations Signal Shifting Market Trends
TL;DR Summary
The US housing market is experiencing chaos as more homebuyers back out of deals due to rising costs, higher mortgage rates, and increased inventory, leading to a record-high cancellation rate and a shift in market dynamics from a seller's to a buyer's market, with signs of potential stabilization if mortgage rates decrease.
- Seller beware: Homebuyers are canceling more real estate deals than ever Business Insider
- Homebuyers canceling sales at rising rate, in Minnesota and nationally Star Tribune
- Seller beware: Homebuyers are backing out of real estate deals more than ever MSN
- U.S. homebuyers are walking away from contracts at a record rate. But it’s a different story in the Philly area. Inquirer.com
- Is the national housing market trend impacting Siouxland? SiouxlandProud
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