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Homebuyers are backing out of deals at the fastest pace in nearly a decade (www.cnbc.com)

submitted 4 months ago by cm0002@suppo.fi to c/usa@midwest.social

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[–] Peruvian_Skies@sh.itjust.works 1 points 4 months ago

It should but people who can't sell homes unless they lower the price and don't want to do that can put them up for rent instead. And they also have less urgency to sell because they're rich enough to have a spare home. I'm no economist either but that probably makes residential real estate prices more resistant to lowering.