US EditionHome purchases are getting canceled at a record rate, data shows
9 Articles
9 Articles
Florida Home Buyers Are Canceling Purchases at Record Rates
Recent analysis by the Real estate brokerage firm Redfin says more homebuyers in Florida are walking away from home purchases. Redfin reports that more than 15 percent of home purchases fell through in July, marking the highest rate on record since 2017. Nationwide, San Antonio, Texas was the top city with the most cancellations, equal […] The post Florida Home Buyers Are Canceling Purchases at Record Rates appeared first on Florida Daily.
Redfin, a US real estate platform, recently released a report stating that approximately 58,000 home purchase agreements were canceled in the US in July, representing 15.3% of all signed contracts in July and up from 14.5% in the same period last year. This is the highest July figure since Redfin began tracking the data in 2017. On August 21, Redfin News published an article titled "Home Purchases Are Getting Cancelled at a Record High."
Coverage Details
Bias Distribution
- 86% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
