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Business · CaliforniaBy ALEX VEIGA, Associated Press LOS ANGELES (AP) — The latest sign of trouble in the U.S. housing market: A pickup in home purchase agreements falling through before they’re finalized. Some 6% of pending contracts to buy a home were canceled in May, down from 7% in April, but up from 5% in May last year, according to data from National Association of Realtors. May is the third consecutive month with an annual increase in pending home sales cance…See the Story
Housing red flag: Data show increase in cancellations of home purchase agreements versus a year ago
62% Center coverage: 24 sources