It’s a buyer’s market, and that means house hunters are walking away from contracts more frequently, according to data from Redfin. Sellers outnumber buyers in the housing market by about 500,000, the real estate firm said, as it found that buyers are wielding more negotiating leverage and asking sellers to cover the cost of any repairs that need to be done and demanding price cuts.
At the same time, many sellers are not accommodating the concerns of would-be buyers, who have become pickier and are seeking more concessions.
