Tuesday, 9 August 2022 | The Latest Buzz for the Appraisal Industry

Redfin Reports Home Sales Canceled at Highest Percentage Since March 2020

Nationwide, roughly 60,000 home-purchase agreements fell through in June, equal to 14.9% of homes that went under contract that month, according to the latest analysis from Redfin. That’s the highest percentage since March and April 2020, when the housing market all but ground to a halt due to the onset of the coronavirus pandemic. It compares with 12.7% a month earlier and 11.2% a year earlier.

“The slowdown in housing-market competition is giving homebuyers

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