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Morning Business Report: Home deals fall through, market hits record high
['Keenan Gibson']
41NBC News | WMGT-DT41NBC News | WMGT-DT
Morning Business Report: Home deals fall through, market hits record highA growing number of homebuyers are walking away from purchase agreements as market conditions continue to shift.
(LILAMAX)- A growing number of homebuyers are walking away from purchase agreements as market conditions continue to shift.
Home sellers now outnumber buyers by a record margin, giving buyers more leverage and more choices.
Analysts say many buyers are willing to walk away if they believe they can find a better or more affordable option.
The study found that 84 percent of Americans say they follow tax law changes, but only 55 percent actually research what those changes mean.