Redfin Reports Record Rate of U.S. Home Sales Falling Through
Nearly one in seven property deals were canceled, marking the highest level for this period according to housing market analytics firm Redfin.
Fact Check
The statement claims that Redfin reported the rate of U.S. home sales falling through reached a record high. Redfin’s own official news release explicitly confirms this, describing a record-high national rate of canceled pending home sales based on its MLS data. The BusinessWire release reiterates the same finding and quotes Redfin directly, validating the claim from an authoritative channel used for Redfin’s corporate announcements. An independent housing news outlet corroborates the same figures and context, strengthening external validation. Localized Redfin data pages and other blog pieces are less directly relevant but do not contradict the record-high claim. All sources are consistent, high-authority, and current, leaving no evidence of contradiction or error. Therefore, the statement is almost certainly true.
Summary
No Summary provided as the original text is short
Terms & Concepts
- Home Sales Fallout: The cancellation of residential property purchase agreements before closing, often due to financing, inspection, or market conditions.
- Redfin: A U.S.-based real estate brokerage and data provider offering housing market analysis and online sales platforms.