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The Fed’s ongoing housing market ‘reset’ sees buyer cancellation rate at one of the nation’s largest homebuilders spike to 68%

Summary by Ground News
KB Home announced that its buyer cancellation rate in the fourth quarter of 2022 spiked to 68%. Some buyers are cancelling their contracts because they're afraid that home prices will fall further in 2023. The problem: builders still have a tremendous amount of inventory in the pipeline.

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Fortune broke the news in New York, United States on Thursday, January 12, 2023.
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