Wednesday, December 7, 2011

Realtors Report Even Higher Cancellations; And It's Not Why You Think

It's not just tight credit, it looks like buyers are getting pickier.
On-time settlements were reported as declining from 65 percent to 47 percent," according to the Realtors. It's not why you think, or at least not why I thought. Inability to get a mortgage was reported by just 9 percent of respondents to the Realtor survey. Bigger issues were failed inspections, buyers with cold feet and adverse economic conditions. I'm sure appraisals figured in there as well.
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