![]() ![]() Really, it’s a myriad of factors driving this trend, but Salem’s words are a good way to sum things up. “Buyers just aren’t willing to deal with issues right now,” says Phillip Salem, a real estate agent with Compass in New York. Jacksonville, Florida, is seeing more than 26% of its home sales fall through, and Las Vegas, Atlanta, Orlando and Fort Lauderdale aren’t far behind. That’s right: According to real estate brokerage Redfin, over 15% of home purchase agreements in August fell through - up from just 12% a year ago and the second-highest point on record (it was 17% in the early months of the pandemic). Now, they’re reneging on deals at the highest rate seen in years. Take the first step toward homeownership today with AmeriSave Mortgage!Ī few months ago, buyers would do just about anything to snag a home.
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