Atlanta Homebuyers Flex Power to Negotiate in June
Rising home mortgage rates led to more prospective home buyers backing out of their contracts to purchase new homes in June, according to a recent report. Over a fifth of all agreements to purchase homes in the Atlanta area fell through last month. Nationwide, nearly 15% of all June purchase agreements were not completed. In addition to rising home mortgage rates, Georgia real estate experts say that the recent slowdown in the housing market resultsin less competition, giving buyers more power to negotiate terms with sellers.
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