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Red Hot Housing Market May Be Cooling As More Homebuyers Back Out Of Deals

November 2, 2023
in Market & News
Reading Time: 1 min read
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More homebuyers are backing out of deals, showing potential signs that the red hot housing market is cooling. Nationwide, about 60,000 agreements fell through in June, according to real estate firm Redfin. Las Vegas, New Orleans and many areas in Florida are among the most affected.

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