Home sale cancellations surge to another 2-year high as buyers pull back - Fox Business

Homebuyers are backing out of purchase contracts at the fastest pace in more than two years as they confront rising interest rates and the possibility of an impending recession.

The number of home sale cancellations soared in July to another two-year high as buyers retreated from the market amid rising mortgage rates and steep prices. About 63,000 home purchase agreements w… [+3239 chars]

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