Even MORE Buyers Saying NO! Record Cancellation Rates

2 years ago
5

In August of 2022 there were a record 64,000 cancelled real estate contracts in just one month! Why is that? Buyers are getting smart again, they are not waiving their contract contingencies and inspections. Also many buyers are having a tough time qualifying to even buy a home right now with mortgage interest rates hovering near 7 % for a 30 year fixed loan.

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Articles Mentioned in the Video

https://apple.news/AIJcqoF-mSPuLAmXoLtM80A
https://apple.news/AzX3LQFhyQGeqQY5rfrbCZQ
https://businessinsider.mx/which-jobs-risk-layoffs-next-recession-outlook-blue-white-collar-2022-9/?r=US&IR=T
https://apple.news/A32D4ex2aS6G8MeU0Ec1NoQ
https://apple.news/AKu1xZAaKR1O6-38JDjLq6Q

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