Investing
Tips for Backing Out of a Home Purchase
More buyers are canceling deals. Here are ways to do it with minimal financial fallout.
An "Open House" sign outside a home in Nashville, Tennessee.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
US homebuyers are getting cold feet.
Home-sale cancellations are rising, as higher mortgage rates and fears of a recession give potential buyers second thoughts about whether this is the right time to jump in a housing market that appears to be cooling down.