Home Purchases Are Getting Canceled at a Record Rate

[Bendapudi_english]

48 minutes ago, ARYA said:

I am ur binami no..

 

Jagan anna ante entha premo janalaki 

[DallasKarreBaluu]

3 hours ago, FrustratedVuncle said:

Dallas lo manchi deals unte cheppandi vaa, my cheddi dosth wants to buy. 

Ikkademo home sales falling antaru, akkada no deals in desi communities. 

enduku anna mee athamma la panchaathullu petti gabu10gadanikaa dallaspuram lo. 

ipudu unna gabbu yellow pulkas, car rallies, theatre baths  ni barinchalekapothunam 

cc @ARYA

[DallasKarreBaluu]

3 hours ago, Aquaman said:

https://www.redfin.com/news/home-purchase-cancellations-july-2025/

Home Purchases Are Getting Canceled at a Record Rate

August 21, 2025 by Lily Katz

 

 

 

15% of home purchases fell through last month—the highest July rate on record—as high homebuying costs made buyers skittish. Cancellations were most common in Texas and Florida.

Roughly 58,000 U.S. home-purchase agreements were canceled in July, equal to 15.3% of homes that went under contract last month. That’s up from 14.5% a year earlier and marks the highest July rate in records dating back to 2017.

This is based on a Redfin analysis of MLS pending-sales data. The data are seasonal, which is why we compare this July to past Julys. Please note that homes that fell out of contract during a given month didn’t necessarily go under contract the same month. For example, a home that fell out of contract in July could have gone under contract in June.

Home purchases are falling through more than usual because high prices, high mortgage rates and economic uncertainty are making buyers uneasy. Buyers also have more homes to choose from than in the past, which means they hold the negotiating power in many markets and often aren’t in a rush. They may back out during the inspection period if a better home comes up for sale or they discover an issue they don’t want to fix. 

 

 

Cleveland Redfin Premier real estate agent Bonnie Phillips said the most common reasons buyers back out of deals are cold feet, high standards and issues with inspections, and she noted that cancellations are particularly common among buyers who use FHA and VA loans. But some would-be buyers have other reasons for backing out:

“I recently had an older first-time buyer get cold feet the week before the deal was supposed to close,” Phillips said. “It was a beautiful house, we got it for the price she wanted and there were no issues in the inspection, but her neighbors convinced her that owning is too much of a hassle and she should rent instead.”

It’s worth noting that the housing-market tides are starting to shift slightly. Mortgage rates have been coming down, which could bring some sidelined buyers back to the market, and supply is also ticking down, which could increase buyer urgency.

Home Purchases Are Most Likely to Fall Through in Texas and Florida

In San Antonio, 730 home-purchase agreements were canceled in July, equal to 22.7% of homes that went under contract last month—the highest percentage among the metros Redfin analyzed. Next came Fort Lauderdale, FL (21.3%), Jacksonville, FL (19.9%), Atlanta (19.7%) and Tampa, FL (19.5%). Redfin analyzed the 50 most populous metro areas, and included the 44 with sufficient data.

Florida and Texas have been building more homes than anywhere else in the country, prompting some buyers to back out of deals because they’re confident they will be able to find a different home that works better for them. Some buyers in the Sunshine State are also getting cold feet due to increasing natural disasters and soaring insurance and HOA fees. 

Home purchases were least likely to fall through in Nassau County, NY (5.1%), Montgomery County, PA (8.2%), Milwaukee (8.3%), New York (9.5%) and Seattle (10.2%).

Virginia Beach, Newark See Biggest Upticks in Cancellations 

In Virginia Beach, VA, nearly 500 home-purchase agreements were canceled in July, equal to 16.1% of homes that went under contract last month. That’s up 3.6 percentage points from 12.5% a year earlier—the largest increase among the metros in this analysis. Rounding out the top five are Newark, NJ (+3.3 ppts), Baltimore (+3 ppts), San Antonio (2.8 ppts) and Houston (2.8 ppts). 

Virginia Beach has a higher share of homeowners with VA loans than any other major metro, according to a separate Redfin analysis, with Baltimore also near the top of the list.

Cancellations fell from a year earlier in 11 metros, with the biggest drops in Phoenix (-2.4 ppts), Orlando, FL (-1.4 ppts), Tampa (-1.3 ppts), Sacramento, CA (-1.3 ppts) and Philadelphia (-1.2 ppts).

Metro-Level Summary: July 2025

Search:

U.S. metro area	July 2025: Pending sales that fell out of contract, as % of overall pending sales	July 2024: Pending sales that fell out of contract, as % of overall pending sales
Anaheim, CA	14.3%	14.4%
Atlanta, GA	19.7%	19.6%
Austin, TX	14.5%	14.0%
Baltimore, MD	14.7%	11.7%
Boston, MA	10.6%	10.5%
Chicago, IL	16.0%	14.8%
Cincinnati, OH	13.5%	13.4%
Cleveland, OH	17.0%	14.9%
Columbus, OH	15.5%	14.7%
Dallas, TX	17.7%	16.9%
Denver, CO	17.8%	16.3%
Detroit, MI	17.6%	16.5%
Fort Lauderdale, FL	21.3%	20.0%
Fort Worth, TX	18.6%	17.8%
Houston, TX	18.1%	15.3%
Indianapolis, IN	16.1%	16.2%
Jacksonville, FL	19.9%	19.8%
Las Vegas, NV	17.9%	18.8%
Los Angeles, CA	16.5%	14.3%
Miami, FL	17.7%	17.7%
Milwaukee, WI	8.3%	7.5%
Minneapolis, MN	10.9%	8.8%
Montgomery County, PA	8.2%	7.5%
Nashville, TN	13.7%	13.5%
Nassau County, NY	5.1%	5.0%
New Brunswick, NJ	11.6%	11.4%
New York, NY	9.5%	9.1%
Newark, NJ	10.6%	7.3%
Orlando, FL	18.2%	19.6%
Philadelphia, PA	11.6%	12.7%
Phoenix, AZ	16.4%	18.8%
Pittsburgh, PA	15.2%	13.4%
Portland, OR	14.2%	15.1%
Providence, RI	11.5%	11.7%
Riverside, CA	19.5%	18.8%
Sacramento, CA	14.3%	15.5%
San Antonio, TX	22.7%	19.9%
San Diego, CA	16.1%	14.7%
Seattle, WA	10.2%	8.3%
Tampa, FL	19.5%	20.8%
Virginia Beach, VA	16.1%	12.5%
Warren, MI	13.3%	12.2%
Washington, D.C.	13.7%	11.5%
West Palm Beach, FL	14.6%	15.4%
National—U.S.A.	15.3%	14.5%

@csrcsr telling @aath care and buyed a new house in Tracy for second seetup

[DallasKarreBaluu]

2 hours ago, Bendapudi_english said:

h1 valu ee next 4 years houses thisukoru anukunta anna , interest rates thagina kuda 

5 millions legal visas revoke cheyadani Trump chusthunte inka house evadu kontadu

[DallasKarreBaluu]

2 hours ago, ManOffSteel said:

But H1s are only 1% of the market.

Also oka sari rates taggi H4 aunty la madhyalo discussion and competition start aite mummy no listening H1 husbandks illu konalsinde..

kitchen aunties back to kitchen anna. inka next 8 years kitchen lo ne

[ARYA]

38 minutes ago, Bendapudi_english said:

Jagan anna ante entha premo janalaki 

@Anta Assamey is our Jagan anna..

[Anta Assamey]

1 hour ago, Bendapudi_english said:

Jagan anna ante entha premo janalaki 

 

26 minutes ago, ARYA said:

@Anta Assamey is our Jagan anna..

Jagan.... Janam...Prema are synonyms,...

[ARYA]

2 hours ago, Anta Assamey said:

 

Jagan.... Janam...Prema are synonyms,...

nuvve ma Jagan

[human1234]

House prices are 50 to 80% more compared to precovid. With tariffs, inflation is increasing. One or two rate cuts possible depending on the inflation data

[human1234]

Trump says furniture tariffs are coming later this year

 

https://www.cnbc.com/2025/08/22/trump-tariffs-furniture-trade.html