Read it allOn-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.
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.