Failed Home Sales In U.S. Are On The Rise

In today’s tight housing market, the number of failed sales has been trending upward. According to a new Trulia study, the failed sales rate nearly doubled in 2016. Charleston, S.C., had the largest percentage of failed home sales last year, jumping to 10.2 percent from just 1.6 percent in 2015. Starter and move-up homes were on the shakiest ground, while deals for new homes and those built before 1920 were the least likely to fail.

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