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Buyers Gain Power as Home Sales Stall | Salt Lake City News
Home sale cancellations surged to their highest in nearly three years last month, with 14% of deals falling through—up from a pandemic-era low and signaling a major shift in the housing market. Buyers are now wielding unprecedented power, leveraging inspections, appraisals, and seller demands to walk away without penalty. Rising mortgage rates, economic uncertainty, and tighter budgets are fueling this trend, especially in cities like Atlanta and Orlando. While sellers feel the sting, buyers who can afford it are reaping the benefits—more choices, more leverage, and better deals. Even in…
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