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Headline : Floridas housing market is seeing nightmare scenarios as buyers back out due to affordability concerns, Redfin says

Read more from the original article on here at www.yahoo.com.





Tags : #floridas #housing #market #seeing #nightmare #scenarios #buyers #back #out #due #affordability #concerns #redfin #says


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Florida's housing market is facing a wave of "nightmare scenarios," with a growing number of home deals falling through as buyers get cold feet.

In key metros like Orlando, Florida, and Tampa, around 21% of home-purchase agreements were cancelled in June, according to data from Redfin. Those cities have the highest pace of home-purchase cancellations in the nation, handily outpacing the national average of 15% last month, the real-estate-listings site said.

The trend appears to be driven by housing-affordability concerns across the nation, according to Rafael Corrales, a Redfin agent based in Miami.

Read more from the original article on here at www.yahoo.com.


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