Homebuyers are backing out of deals at record-high rates in these 10 U.S. cities

Hong Zeng profile photo

Hong Zeng, CLHMS

Real Estate Broker
Excellent Service! Exceptional Experience!
RE/MAX Imperial Realty Inc.
Main : 416-414-3226

Amid rising mortgage costs, the number of homebuyers backing out of contracts increased to record-setting levels in the last three months - especially in cities that were real estate hotspots through 2021, new data finds. In August, roughly 15.2% of home purchase agreements in the U.S.

Hong Zeng profile photo

Hong Zeng, CLHMS

Real Estate Broker
Excellent Service! Exceptional Experience!
RE/MAX Imperial Realty Inc.
Main : 416-414-3226