"Realty brokers say a recent uptick in contract cancellations is surprising and worrisome. Financing issues are among the causes, and economic worries and low-ball appraisals are also busting up deals... Jessika Mayer, manager of professional development at Coldwell Banker Plaza Real Estate in Wichita, Kan., says she is seeing more well-qualified buyers -- who would have proceeded to closing in past months -- suddenly "feeling very worried and uncertain because they don't know" if the country is headed for an economic disaster that would make their new purchase difficult to sustain.''

Comments: Be the first to add a comment

add a comment | go to forum thread