Rising Rates Lead to Record Home Deal Cancellations Nationwide
TL;DR Summary
Homebuyers in the U.S., including the Twin Cities, are canceling purchase deals at the highest rate in nearly a decade, driven by rising interest rates, economic concerns, and increased options for buyers, especially in the affordable housing market.
- Homebuyers in the Twin Cities, U.S. canceling purchase deals at rising rate Star Tribune
- Seller beware: Homebuyers are canceling more real estate deals than ever Business Insider
- U.S. homebuyers are walking away from contracts at a record rate. But it’s a different story in the Philly area. Inquirer.com
- Chicago home contracts falling through as buyers grow wary The Real Deal
- Is the national housing market trend impacting Siouxland? SiouxlandProud
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