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 »
- Redfin on 2026: Affordability improves, sales rise only slightly
- ‘More persistent headwinds’ plague housing market as prices barely budge
- Everything you need to know about social media in under 1,100 words
- Rising unemployment revives prospects for December rate cut
- Tailwinds pull October existing-home sales up 1.2%
More from Florida real estateMore posts in Florida real estate »
- Ex-CEO charged with grand theft; local Realtor association left ‘all but broke’
- 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
More from home price growthMore posts in home price growth »
- Redfin on 2026: Affordability improves, sales rise only slightly
- 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?
More from homebuyersMore posts in homebuyers »
- Delistings and discounts jump as holiday season approaches
- Zillow Flex class-action complaint now includes RICO allegations
- October brought the strongest buyer’s market in 12 years: Redfin
- Fall has been ‘sneaky good’ for buyers, but the ‘warm-up is not guaranteed to last’
- Homebuying off to strongest November start since 2022
More from homesellersMore posts in homesellers »
- October brought the strongest buyer’s market in 12 years: Redfin
- Fall has been ‘sneaky good’ for buyers, but the ‘warm-up is not guaranteed to last’
- 53% of US homes lost value from 2024 — but it’s not a crash
- Share of first-time homebuyers falls to lowest point ever
- Commissions held up in Year 1. Would a seller’s shift upend them?
More from Markets & EconomyMore posts in Markets & Economy »
- Dual licensing is on the rise. Is it the right move for your business?
- Change strategy as the market shifts to win the listings long game
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
More from Miami real estateMore posts in Miami real estate »
More from mortgage ratesMore posts in mortgage rates »
- Redfin on 2026: Affordability improves, sales rise only slightly
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
- Delistings and discounts jump as holiday season approaches
More from pending home salesMore posts in pending home sales »
- October was another slow month for 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
More from price cutsMore posts in price cuts »
More from RedfinMore posts in Redfin »
- Redfin on 2026: Affordability improves, sales rise only slightly
- Bayview merger positions Guild Mortgage for refinancing boom
- Zillow reverses course and removes climate data from listings
- Delistings and discounts jump as holiday season approaches
- The IDX lie agents still believe: 5 common misconceptions about real estate websites
More from SelectMore posts in Select »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from summer homebuyingMore posts in summer homebuying »
Be First to Comment