Workflow
Homebuyers are now pulling out of deals at a record rate — why so many ‘queasy’ buyers are canceling contracts
Yahoo Finance·2025-09-11 03:00

Homebuyers in America seem to be getting cold feet. In July, 15.3% of home-purchase agreements fell through across the U.S. That works out to about 58,000 agreements — the highest cancellation rate for July on record [1]. That’s according to data from real estate platform Redfin, which blames high homebuying costs for making buyers “skittish.” Must Read But the high costs of buying a home aren’t the only cause for this increased cancellation rate. Economic uncertainty — which includes rising inflation a ...