1 in 7 Pending Home Sales Canceled in January, Brokerage Finds
By Naveen Athrappully A sizable share of pending home sales were canceled in January across the United States as factors such as high housing costs and uncertainty about the economy weighed on buyers’ minds, according to real estate brokerage Redfin. The company said about 41,000 home-purchase agreements fell through in January, which equated to 14.3 percent of homes that went under…
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