Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56,000 home-purchase agreements in June, according to Redfin.
Source: Inman News
Summer slump sees buyers back out of deals at record rates
Published in affordability, Florida real estate, home price growth, homebuyers, homesellers, Markets & Economy, Miami real estate, mortgage rates, pending home sales, price cuts, rate growth, Redfin, Select and summer homebuying
More from affordabilityMore posts in affordability »
- Why affordability hits different in a military market
- 8M reasons to focus: A data-driven Q4 reality check for real estate
- A 7-home estate and a former talk show host’s Montecito hideaway among September’s priciest sales
- How buyer affordability education makes you the go-to agent
- 48% of Americans blame investors for ‘unreasonable’ housing costs
More from Florida real estateMore posts in Florida real estate »
- Florida agent and firefighter husband arrested on charges of child porn and bestiality
- The farming framework: A proven system for listing-driven growth
- Measure to disband Florida Real Estate Commission met with alarm
- US home prices rose modestly in January, led by NYC and Chicago
- Inman On Tour Miami: The solution to agents’ biggest challenges
More from home price growthMore posts in home price growth »
- 5 data-backed tips for leading your clients through 2025
- Tensions run high as buyers and sellers battle for ‘the driver’s seat’
- These 10 real estate markets have lost $233B in value since 2024
- Why is Midwest real estate beating the rest of the country?
- Summer sales have hit their slowest pace in 10 years
More from homebuyersMore posts in homebuyers »
More from homesellersMore posts in homesellers »
- Share of first-time homebuyers falls to lowest point ever
- Commissions held up in Year 1. Would a seller’s shift upend them?
- 15% of homebuyers ‘ghosted’ homesellers in September
- Tensions run high as buyers and sellers battle for ‘the driver’s seat’
- Is the mortgage lock-in effect ending? These numbers offer clues
More from Markets & EconomyMore posts in Markets & Economy »
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- How to help senior real estate clients right-size with confidence
- Welcome to the Senior Class: Downsizing with a home equity conversion mortgage
- Why independent brokerages matter more than ever amid real estate consolidation
- What is a 50-year mortgage? The pros and cons of Trump’s proposal
More from Miami real estateMore posts in Miami real estate »
More from mortgage ratesMore posts in mortgage rates »
- Homebuying off to strongest November start since 2022
- Veterans have been ‘priced out,’ left behind by the housing market
- Housing recession? K-shaped trends? The dollars and ‘sense’ of today’s economy
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- Demand for mortgages cools as rates rebound from 2025 low
More from pending home salesMore posts in pending home sales »
- Is the housing market in the midst of a recession? Treasury Secretary Scott Bessent thinks so
- Median monthly housing payments see sharpest drop in almost 1 year
- Pending home sales remain stuck in the mud in September
- Homebuyers froze deals at a record rate in August: Redfin
- Is the mortgage lock-in effect ending? These numbers offer clues
More from price cutsMore posts in price cuts »
More from RedfinMore posts in Redfin »
- Redfin site fluke exposed past users’ data on listing contact forms
- Stop freaking out about 50-year mortgages. They might save the housing market
- Zillow defends private listing rule, criticizes Compass in new filing
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- Jason Oppenheim: ‘Epic’ real estate + big drama makes new ‘Selling the OC’ season the best yet
More from SelectMore posts in Select »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- NAR scores a victory in buyer commission lawsuit
- Where else is Zillow not enforcing its private listing ban?
More from summer homebuyingMore posts in summer homebuying »
Be First to Comment