Nearly 60,000 home purchase contracts were canceled in August, according to Redfin. But agents told Inman that buyer uncertainty and inexperienced professionals are to blame.
When purchasing a house, you still have other needs. However, major purchases could affect your DTI ratio or cash flow, causing your mortgage application to be denied.
Agents are combing social media, calling expireds and seeking out people with major life milestones. In other words, they're meeting the moment with creativity.