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ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
Across the U.S., buyers are increasingly backing out of home purchases as prices rise and mortgage rates remain elevated.
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Orlando is seeing this trend play out in a more pronounced way than any other major market, with about 900 home-purchase agreements canceled in June, according to a report from Redfin.
That means 20.8% of homes that went under contract here in June were canceled by the buyer, which is the highest percentage among the 50 most populous U.S. metros.
Read: Daytona Beach to get more affordable housing
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Click here to read the full story on the Orlando Business Journal’s website.
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