We just ended a year with a huge jump in homes that fell out of contract and went back on the market. It's not clear "why" this happened but there are several possible reasons, including problems with loans, appraisals, and inspections.
According to Trulia, 3.9% of homes went from "sale pending" to "back on the market" in 2016. That's almost double the rate in 2015 when 2.1% of purchase agreements fell though.
Trulia pulled the data from 102 of the biggest metropolitan areas in the nation. The data shows that 90% of those regions experienced an increase in failed home sales.
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