Tampa among top cities for canceled home contracts
October 6, 2022 - Homebuyers flocked to states and cities in the nation’s Sun Belt during the pandemic, causing prices to soar. According to data from Redfin, the market has shifted. The real estate brokerage platform showed that 64,000 home purchase agreements fell through in August, or over 15% of the total contracts. That represents a year-over-year increase of 12.1%. The Tampa metro area had the seventh-worst rate of canceled contracts, at 21.5%. Florida was home to four of the top seven cities, with Jacksonville coming in first at 26.1%. Las Vegas, Atlanta, Orlando, Ft. Lauderdale and Phoenix rounded out the top seven, respectively. Fort Worth, San Antonio and Houston followed Tampa.