“It’s a buyer’s market in most of the U.S.,” according to Redfin.
Halloween is just about a week away, but spooky season started early for the U.S. housing market.
In September, more than 53,000 home-purchase agreements were canceled—or 15% of all homes under contract, according to Redfin data released Wednesday. That’s nearly a 14% jump from the same time last year.
The housing markets with the highest percentage of pending sales that fell out of contract include:
Minneapolis (11%)
Boston (10%)
More than 16% of signed contracts on homes in December were cancelled, as consumers face continued uncertainty in the economy and…
Active listings fell 1.4% in August from the prior month, per Redfin.
Home sellers are taking their homes off the market at a fast clip, because they are sitting for more than 60 days and prices are…
Buyers canceled agreements to purchase homes at the highest rate ever in December, adding to evidence that the housing market is…
There are many more sellers on the market now than buyers, but that doesn't necessarily mean it's a buyer's market. Here's why.
Redfin found 15% of contracts were canceled in July, the highest rate since it began tracking the metric in 2017.
