October 13th 2022
Money.com
A few months ago, buyers would do just about anything to snag a home. Now, they’re reneging on deals at the highest rate seen in years.
That’s right: According to real estate brokerage Redfin, over 15% of home purchase agreements in August fell through — up from just 12% a year ago and the second-highest point on record (it was 17% in the early months of the pandemic).