realestate

Florida buyers losing confidence: More walk away from home deals

More homes on the market cause buyers to walk away from deals, hoping for better options, analysis finds.

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    A new Redfin study shows a rise in available homes is prompting buyers to cancel contracts in search of better options. In October, 53,000 purchase agreements—15.1 % of all contracts—were withdrawn in the U.S., up from 14.3 % in October 2024. (Amy Beth Bennett, South Florida Sun Sentinel/TNS)

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Florida buyers walk away from home deals, losing confidence.