Top Tweets for #GrowingInventory
#HomeSales are falling through!
The #housingmarket is showing signs of moving towards a more #balancedmarket, if not a #buyersmarket in many areas, from the #sellersmarket of pandemic creation. There's a #growinginventory and an increasing number of #homebuyers backing out of contracts. In June, approximately 56,000 #homepurchase contracts were canceled, the highest number for any June on record. This trend is attributed to the #risingcosts of #homeownership, making it difficult for buyers to justify #purchasinghomes that do not meet all their requirements. Cities like #Orlando, #Jacksonville, #Tampa, #LasVegas, and #SanAntonio have seen particularly #highcancellationrates.
#Florida #Nevada #Texas #ResidentialRealEstate #ContractCancellations #Cancellations #HousingAffordability #HighMortgageCosts


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