Deals Falling Through

[Jay Shindledecker]

I have doing some shopping / research on a few local markets. I’ve been noticing a trend of homes pending or contingent that are relisted a week or two afterwards.

Are that many offers falling through right now? What could be the reason for this?

The only conclusions I can come up with are that the buyers are backing out, or the financing is falling through. But it seems too consistent to be the buyers. Anyone here have any data or insight on this?

Are bank appraisals coming in low, or are rates changing too fast for banks to honor pre-approvals?