Redfin: 64,000 Buyers Cancelled Contracts in August

September 26, 2022 Kyle G. Horst

In another new sign of the times, roughly 64,000 home-purchase agreements fell through in August 2022 according to Redfin, a number equal to 15.2% of all homes that went under contract that month.  To put it another way, that number is up 12.1% from a year ago.  The percentage of backouts has now hovered around ...

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