US Real EstateRedfin attributes the rise in back-outs to the influx of additional buyer options.A ‘sale pending’ sign is posted in front of a home in San Anselmo, Calif., on Nov. 30, 2023. Justin Sullivan/Getty ImagesMary PrenonFreelance Reporter3/25/2026|Updated: 3/25/20260:00National home sale agreements that fell through last month reached a record high for February, with 13.7 percent of home buyers backing out of deals.A March 24 Redfin report indicates more than 42,000 agreements collapsed—the highest number since records began in 2017.
US Home Sale Cancellations Hit Record High for February
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