Deal or no deal? Home buyers increasingly canceling contracts – Robert Khodadadian

Homebuyers facing the question famously posed by game-show host Howie Mandel are increasingly saying, “No deal.” Some 60,000 home purchase agreements were ripped up last month, equivalent to 14.9 percent of homes that went under contract that month, according to a report from Redfin. The canceled contracts include deals agreed upon before June. That’s the highest percentage since Redfin began collecting the data in 2017, excluding March and April 2020, the first two months of

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, home sales, Housing Market, redfin The Real Deal New York Read More