Trulia Notes Increasing Incidence of Failed Sales

Posted To: MND NewsWire

It ain’t over ’til it’s over, and that seems to be increasingly true of contacted home sales. Trulia reported on Wednesday that, “Deals to sell homes are falling through at a faster rate than they were a year ago and it’s agreements for starter homes that are most at risk.” The company reviewed the daily status of all listings for the first two months of each quarter from the fourth quarter of 2014 through the fourth quarter of 2016, looking for properties that went from a pending or active contingent status back to being for sale either by an agent or an owner. They sought to determine where it was most common for properties to go from under contract back to for sale status. They call these “sale fails.” The analysis found that the proportion of listings that fail at least once has been rising…(read more)

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