Suddenly, Home Sale Agreements Are Falling Apart Across the U.S.

Home For Sale - Public Domain

Spending months to find the perfect home in your price range, only to have your mortgage application rejected, or a home inspection turn up expensive repairs, is a nightmare—one that is coming true with increasing frequency, according to a new report from real estate listings website Trulia.

A Trulia analysis of U.S. listings shows that 3.9 percent of homes that moved from for-sale to pending moved back to for-sale again, nearly double the rate in 2015. Such “failed sales” increased in 96 of the 100 biggest U.S. metros, with big swings in areas large and small, rich and poor. That includes Los Angeles and Charleston, S.C., as well as San Jose and Akron, Ohio.

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1 thought on “Suddenly, Home Sale Agreements Are Falling Apart Across the U.S.”

  1. Owning a home is great, but the rip-off from from the lender should be against the law. Once the home is paid off, you will have paid 3x of worth the house is worth in interest.

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