Nationwide, people are canceling deals to buy homes at the highest rate since the start of the Covid-19 pandemic.
Overall, nearly 60,000 home-purchase agreements fell through in June, equal to 14.9% of homes that went under contract that month, which is the highest percentage on record with the exception of March and April 2020, when the housing market all but came to a halt due to the onset of the coronavirus pandemic.
According to Redfin, the housing market has cooled in recent weeks as the Federal…
