Twenty-three percent of real estate professionals say they faced closing delays for a transaction in March, and 7 percent say the sale contract was terminated altogether according to the recently released REALTOR Confidence Index. While buyers having trouble obtaining financing was the most common reason for delays, it has cited by fewer REALTORS than in previous surveys. Appraisal issues are growing more common, with 55 percent of mortgage originators recently surveyed reported some level of difficulty getting appraisals.
