🏠 Nearly 12% of home-purchase contracts in two major New Jersey markets fell through in September.
💰 Mortgage rates above 7% are making already expensive homes even harder to afford.
📉 Nationally, 14.5% of homebuying deals were canceled, one of the highest rates Redfin has recorded.
For years, buying a house in New Jersey has felt like an exercise in frustration.
Sky-high prices. Bidding wars. Buyers offering more than the asking price just to have a chance.
But something interesting is happening…