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US HOUSING CRASH WORSENING: over 2/3 of Homebuyers walked away from their contracts in the quarter.

  • View Larger Image US HOUSING CRASH WORSENING: over 2/3 of Homebuyers walked away from their contracts in the quarter.

US HOUSING CRASH WORSENING: over 2/3 of Homebuyers walked away from their contracts in the quarter.

This is scary. 😬

KB Homes, a large home builder, just reported a 68% CANCEL RATE.

Meaning that over 2/3 of Homebuyers walked away from their contracts in the quarter. Leaving KB Homes with a massive pile-up of inventory.

Last year the Cancel Rate was only 13%. pic.twitter.com/4O9OaWO8K0

— Nick Gerli (@nickgerli1) January 17, 2023

Adam Booth2023-01-18T09:22:49-05:00January 18th, 2023|Uncategorised|Comments Off on US HOUSING CRASH WORSENING: over 2/3 of Homebuyers walked away from their contracts in the quarter.

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