Los Angeles is firmly in the trend of homebuyers walking away from deals at record levels as costs, inspection woes and financing hurdles chip away at the market. Across the country, about 56,000 home-purchase agreements, or 15.1 percent of all contracts signed, were canceled in August, the highest share for that month since Redfin began tracking the data in 2017, L.A. Business First reported, citing Redfin data. The rate was up from 14.3 percent a year earlier. In Los Angeles, 14.9 percent of sales fell in August this year, down a small tick from 15 percent in August of last […]
This article originally appeared on The Real Deal. Click here to read the full story.
Powered by WPeMatico