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Home sale agreements are falling through more frequently across US

Published Wed, Jan 11, 2017 · 09:50 PM
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New York

SPENDING months to find the perfect home in your price range, only to have your mortgage application rejected, or a home inspection turn up expensive repairs, is a nightmare - one that is coming true with increasing frequency, according to a new report from real estate listings website Trulia.

A Trulia analysis of US listings shows that 3.9 per cent of homes that moved from for-sale to pending moved back to for-sale again, nearly double the rate in 2015. Such "failed sales"…

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