High mortgage rates trigger rising contract cancellations across California housing market
High mortgage rates trigger rising contract cancellations across California housing market

High mortgage rates trigger rising contract cancellations across California housing market

Rising mortgage rates and elevated home prices are forcing home buyers across California to reconsider at the closing table, according to a new report from Redfin. Chief Economist Daryl Fairweather joined "The Nine" to break down the regional divides, high inventory levels, and how buyers and sellers can navigate shifting market leverage.

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