What you need to know about backing out of a home purchase when you’re under contract

Econ & Housing

Saul Loeb | AFP | Getty ImagesIf you’re a prospective homebuyer who is having second thoughts, you’re not alone.About 15% of all home contracts fell through in June, marking the highest share of cancellations since March 2020 — the start of the pandemic — when it was 17.6%, according to real estate brokerage Redfin. A…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Major Increase in Lumber Prices Coming to New York State
New Housing Might Be the Key to Creating Affordability in More Communities
Housing supply is plunging in some parts of the the US and surging in others as high mortgage rates split the housing market
High Mortgage Rates Dampen Demand For Home Loans
Lumber Futures – June 2, 2023