Monday, December 21, 2009

Fewer homebuyers calling off contracts

- Cancellation rates for buyer contracts on newly built homes were down by half in late 2009, and the rate of home shoppers who buy was up, indicating an improving Denver-area housing market. Weekly cancellations in November and December averaged roughly 22%, compared to 40% to 45% for the same months of 2008, according to Metrostudy Inc.^2611191&s=industry&i=resi_real_estate