Pending Home Sales Hit Highest Level In A Year
Pending sales fell 4.8 percent annually, but that’s the smallest annual decline in almost two years
Pending sales fell 4.8 percent annually, but that’s the smallest annual decline in almost two years
Nationwide, nearly 60,000 home-purchase agreements were canceled in August, equal to 15.7 percent of homes that went under contract
This was up from a cancellation rate of 9 percent just one year ago
Nearly 60,000 home-purchase agreements fell through, equal to a record 17.9 percent of homes that went under contract
The cancellation rate is up slightly from the top of the year
The stat marks the highest rate for cancelled home contracts in more than two years
High mortgage rates appear to be taking their toll as 60,000 home-purchase agreements fell through in June
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