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Nearly 12% of Home Purchase Agreements in New Jersey Have Fallen Through, Adding Pressure From High Housing Prices.
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According to a recent report by real estate brokerage firm Redfin, in September of this year, 11.9% of home purchase agreements in the New Brunswick metropolitan area of New Jersey failed to close, while the figure reached 11.7% in the Newark metropolitan area, both approaching 12%. The national cancellation rate for the same period rose to 14.5%, one of the highest levels since Redfin began recording the event, excluding the early stages of the…
·New York, United States
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