“Back on the market:” How agents are navigating the uptick in contract cancellations
Real Trends
OCTOBER 1, 2022
Houston is one among many markets that has experienced an uptick in the number of pending home sales falling through , a consequence of skyrocketing mortgage rates and stubborn sellers who haven’t adjusted to a cooler market. “I have not had anyone back out of a deal, but more and more buyers are clearly backing out now.”. In Houston, 20.6%
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