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World

The Data Drop: Buyers backing out of home deals

·21 Aug
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You’re currently enjoying free access to this subscriber-only newsletter. If you find it valuable and want it delivered to your inbox every week, Data. This week, TRD Data took a look at home purchase cancellations — sales that were pending but that buyers pulled out for whatever reason. The share of these deals hit just over 14 percent in July, the highest level since 2023, according to data from Redfin. This is happening for a couple of reasons, but chief among them is buyers have more homes to choose from. There were 1.5 million homes up for [...] This article originally appeared on The Real Deal.

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