The top three cities with the most home-purchase cancellations are in Florida, according to Redfin.shutterstock.comFlorida's housing market is seeing a wave of buyers get cold feet.In June, 21% of home purchase agreements fell through in Orlando, Jacksonville, and Tampa, Redfin found.Home prices, meanwhile, are dropping in the state as supply outpaces demand.Florida's housing market is facing a wave of "nightmare scenarios," with a growing number of home deals falling through as buyers get cold feet.In key metros like Orlando, Florida, and Tampa, around 21% of home-purchase agreements were cancelled in June, according to data from Redfin.
Comment on Florida's housing market is seeing 'nightmare scenarios' as buyers back out due to affordability concerns, Redfin says
jsor@businessinsider.com (Jennifer Sor), Business Insider
Fri, 07/26/2024 - 9:24am
Comment On This Story
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more