15% of home purchases fell through last month—the highest July rate on record—as high homebuying costs made buyers skittish.
  • cabron_offsets@lemmy.world
    20·
    7 days ago

    Yeah bruh, I live in a place where people were paying $1.4M for a regular gotdamn 1700 SF house. Those shits are sitting now. Price reductions as far as the eye can see. And it’s gonna get worse because the orange shitcunt traitor is actively working against the interests of everyone except the 0.1%.

    Vote for a rapist get fucked.

  • salty_chief@lemmy.world
    510·
    7 days ago

    This is expected. When I was home shopping, almost all homes were under contract fell through (2022). Usually from various reasons home inspection failures was the leading cause. Hell even my contract was on hold due to home inspection failure. If owner doesn’t fix problem they can’t sell.

    • glimse@lemmy.world
      41·
      6 days ago

      If owner doesn’t fix problem they can’t sell.

      This is incorrect. A bad inspection doesn’t prevent the sale, it’s to negotiate if issues are found.

      I walked away from a purchase because it needed $40k in structural repairs…but the house I bought bad a few thousand in issues. Seller fixed some and I got a closing credit for others. Some stuff I just let go