Loans are falling through is what is happening. Lenders are getting tougher on applicants. Read end of last year and beginning of this year around 20% of loans were getting rejected. Happened to a friend of mine, two weeks before closing the buyers mortgage company backed out...we found out this was happened alot..It's coming....
Personally, I would not mind one bit another 2008 style housing crash. Maybe good opportunity to pick up some rental properties. Also, would like to do a small home expansion project but waiting for material and labor costs to trend down.
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Florida home purchases getting canceled at record rate: Redfin
Home purchases across Florida and the U.S. are getting canceled at a record rate, according to a new study from Redfin.www.wfla.com