Buyer cancellations spiked in June - how does this impact the real estate market?

My buddy Dan Parker joins us today to talk about all these cancelled escrows and what this really means coming from the market. Also, the banks reported some bad quarters today and said some seemingly negative things, do we have a reason to be worried at this point? Hope it helps! Links below :)

Check out Dan Parkers channel here: https://www.youtube.com/c/DanParkerBestLifeSanDiego
Email him here: dan@danparkerproperties.com

GET A FREE LOAN QUOTE - FAST! All I need is the following:
- Loan amount
- Home Value (purchase price)
- Approx credit score
- Condo/Detached
- State property is in

Derrick Evens, Home Loan Specialist, NMLS 155010
Derrick@DerrickEvens.com
619.952.2046

#sandiegorealestate #realestate #mortgage #valoan #realestateinvesting #mortgagerates #realestatecrash

LINKS:
https://www.bloomberg.com/news/articles/2022-07-11/home-sale-cancellations-jumped-in-june-as-buyers-backed-away
https://www.cnbc.com/2022/07/13/what-to-know-about-backing-out-of-a-home-purchase-contract.html
https://www.cnbc.com/2022/07/13/demand-for-big-mortgages-is-shrinking-as-expensive-homes-linger.html
https://www.cnbc.com/2022/07/14/jpmorgan-ceo-dimon-sums-up-us-economy-in-one-paragraph-and-it-sounds-bad.html
https://www.cnbc.com/2022/07/14/jpmorgan-jpm-2q-2022-earnings.html