Flash back to the real estate market of just four years ago: homebuyers elbowing their way through crowded open houses, waiving inspections, and bidding up prices in search of the elusive “winning offer.” That sense of urgency is long gone. In fact, the formula has flipped. Instead of sprinting through the process, buyers these days are taking their time and haggling over prices. They’re also doing something that would have seemed unthinkable in 2021 — backing out of deals just before the finish line.
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