Rising contract cancellations reveal systemic challenges in the Sunshine State’s real estate landscape, a reminder of the last Florida housing crash.
Fla. News Network —In the sweltering summer months of June and July, nearly 15% of Florida’s pending home sales were canceled—marking the highest rate of failed closings for this period since at least 20172. In cities like Fort Lauderdale, Jacksonville, and Orlando, the numbers are even more jarring, with cancellation rates hovering around or above 20%…