More Home Buyers THAN EVER Are CANCELLING CONTRACTS

https://www.youtube.com/watch?v=2PacSZ1bmGo

00:00 Record Home Purchase Cancellations and Market Predictions
03:22 Who Is Buying Homes in Today’s Market?
04:05 South Carolina Homebuyer: Luck and Early Investment
07:18 Arizona Couple’s Home Purchase: Negotiating with an FHA Loan
09:50 Boston Buyers: Overbidding in a Hot Market
12:55 Soaring Homeowners Insurance Costs and Utility Bills
18:07 Hidden Loopholes and Exclusions in Insurance Policies

According to Redfin more homebuyers than ever are cancelling their sales contracts at 15.3% of all sales contracts in July cancelled. More people are starting to do the math during their due diligence period and realizing how much owning a home is truly going to cost and backing away while they still can.

Credit to : Michael Bordenaro