Redfin reported contract cancellations declined 0.1% in April to 47K
Opinion
Escalating costs and the impact of deferred maintenance mean that buyers and sellers aren't always on the same page, so buyers are walking away, bi-coastal luxury agent Cara Ameer writes
Homebuyers in the US canceled about 40K purchase agreements during the month of December — a record for any December dating back to at least 2017
Negotiation headaches and economic jitters are pushing homebuyers to walk away from contracts at higher rates, according to Redfin's latest. Cancellations are highest in Texas in Florida
Homebuyers cancelled 15.5% of home-purchase agreements in August — the highest level since 2017. The primary reason was an inability to work through inspection issues, Redfin said
In parts of the country, buyers are backing out of contracts for new homes at rates not seen since the shock of the pandemic first set in during March of 2020