Source: Realtor.com —
Owning a home is the American dream, but at the moment it’s more like homebuying cancel culture.
According to a 2022 survey by home warranty site Cinch Home Services of 1,000 Americans who have tried to buy or sell a home in the past year, more than half of buyers (51%) say they had a home purchase contract fall through in that time period.
Why is this happening—and what can you do to make sure that your own real estate offer doesn’t crash and burn? Here are some of the reasons deals are collapsing right now, and what to do to help prevent this from happening to you.
1. Rising interests rates cause financing to fall through
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