""I'm seeing more homebuyers back out of deals than usual, and I'm hearing the same from other agents and mortgage lenders in the area.""
""Economic uncertainty: Concerns about tariffs, layoffs, and federal policy changes are making buyers... hesitate.""
Redfin highlights a surge in failed home sales driven by various factors: higher housing inventory providing buyers with more options, record low pending home sales, and economic uncertainties leading to buyer hesitance. High mortgage rates, peaking at 6.96% in January, alongside elevated home prices, have caused many potential buyers to reconsider their purchases. Notably, Atlanta leads in canceled deals at 19.8%, with states like Florida facing additional burdens. Despite cancellations, well-priced homes still attract buyers, suggesting a complex landscape in the current real estate market.
Read at www.housingwire.com
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