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Home Purchase Cancellations at Highest Level in Nearly 3 Years

Home Purchase Cancellations at Highest Level in Nearly 3 Years

by Phil Hall | Aug 21, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from Redfin has found 14% of home sale agreements that went under contract in July were cancelled, up 13.7% from June. Last month’s cancellations marked the highest share in nearly three years on a seasonally adjusted basis. Redfin noted the deals...
Home Purchase Cancellations at Highest Level in Nearly 3 Years

Home Sale Cancellation Rate Holds Steady at 13.6%

by Phil Hall | Jun 17, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The share of homebuyers backing out of contracts during May totaled 13.6% of the month’s home sale, according to new data from Redfin. That share was unchanged from April on a seasonally adjusted basis and is also marked the fourth consecutive month that contract...

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