Housing Supply Surges As Buyers Cancel Agreements Amid High ...

Housing supply in the US rose a record 14% in July as homebuyers canceled agreements due to high costs and economic worries, a Redfin report ...

Feels like a scam to get locked into such high monthly payments by buying right now. 30 years of extremely high payments. Something has to give.

Housing supply is surging as a record number of buyers get cold ...

Housing supply in the US rose a record 14% in July as homebuyers canceled agreements due to high costs and economic worries, a Redfin report said.

Buyers backing out of deals in record numbers as market shifts

Upward of 56,000 home purchase contracts — nearly 15% of all such contracts from June — were canceled, a new report found, largely due to ...

Home Purchases Collapse in Record Numbers as Buyers Get Cold ...

Nearly 60,000 home-purchase agreements (about 15.8 percent of the total) were canceled last month—the highest percentage of any July on record ...

Opportunities Emerge As Mortgage Rates Decline Amid Record ...

... housing market, offering buyers increased purchasing power despite ongoing high home prices ... Amid Record-High Home Prices. After weeks of ... housing supply.

Homebuyer Contract Cancellations Skyrocket! - YouTube

Redfin's latest report shows a sudden spike in buyers canceling their home purchase contracts! Where is this happening and why?

Here Comes the Inventory of Vacant Homes: With Buyers on Strike ...

Here Comes the Inventory of Vacant Homes: With Buyers on Strike despite Lower Mortgage Rates, Supply Spikes to Highest in 4 Years. Sales Drop ...

Nearly 56,000 US home purchases, or 14.9% of contracts, were ...

Nearly 56,000 US home purchases, or 14.9% of contracts, were cancelled in June, says Redfin; median sale price rose 4% to US$442,525 amid high ...

Why home prices are still rising even as inventory recovers - CNBC

That shortage of homes for sale, combined with strong demand, pushed home prices up more than 40% from pre-pandemic levels. Now supply is ...

Soaring Mortgage Rates Trigger Surge In Home Deal Cancellations

According to a Redfin report, high mortgage rates have resulted in the highest number of residential real estate deal cancellations in ...

August 2024 Housing Market Report - Nuvision Credit Union

Nearly 60,000 home-purchase agreements were canceled in July—the highest percentage ever for that month. On the plus side, the number of homes ...

Buyers backing out of purchase agreements at elevated rates: Redfin

Redfin data shows that buyers backed out of 56000 purchase agreements in June, which constitutes 14.9% of homes that went under contract.

Fannie Mae Gets Gloomier about Home Sales, Buyers' Strike to ...

“Regardless of the lever, we expect affordability to remain the primary constraint on housing activity for the foreseeable future, and we now ...

Record number of home deals collapse in July amid high prices ...

The 60,000 home purchase agreements canceled in July equal 16% of all homes under contract. The good news is that the supply of homes rose a ...

Record 60000 Home Sales Crashed in July

July 2024 was a pivotal month in the U.S. housing market, marked by an astonishing 60,000 home sales crashing—the highest number of canceled ...

Home buyers are canceling purchase contracts. What to know ...

Amid higher interest rates and a softening housing market, home buyers are continuing to back out of purchase contracts at an elevated rate.

The way Americans buy and sell homes is about to get turned ... - CNN

US home purchases dropped to nearly a 30-year low in 2023 as supply has dried up, mortgage rates have surged and home prices continue to rise in ...

Housing Market Predictions For 2025: When Will Home Prices Drop?

Home prices remain at record highs and mortgage rates are climbing again. Is there any relief in sight for buyers? Potentially.

Housing Supply Surge Improves Affordability in Some Markets

While inventory nationally and in most markets is higher than one year ago, it remains low from a historical perspective. Nationally, housing ...