{"id":82412,"date":"2025-10-07T04:50:36","date_gmt":"2025-10-07T11:50:36","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=82412"},"modified":"2025-10-06T15:32:10","modified_gmt":"2025-10-06T22:32:10","slug":"home-purchase-cancellations-august-2025","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/home-purchase-cancellations-august-2025\/","title":{"rendered":"Homebuyers Are Canceling Deals at a Record Rate. Here&#8217;s Why."},"content":{"rendered":"<ul>\n<li aria-level=\"1\"><strong><i>Roughly 56,000 U.S. home-purchase agreements were canceled in August, equal to 15.1% of homes that went under contract that month\u2014the highest August percentage in records dating back to 2017.<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Buyers frequently back out of deals when they find issues during the inspection, they have trouble selling their existing home or their financing falls through, according to a survey of Redfin agents.<\/i><\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Homebuyers in America are getting cold feet.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cOne of my buyers almost canceled a contract because she accidentally flushed her engagement ring down the toilet during the home inspection,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/manny-bermudez\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Manny Bermudez<\/span><\/a><span style=\"font-weight: 400;\">, a Redfin real estate agent in <\/span><a href=\"https:\/\/www.redfin.com\/city\/14240\/AZ\/Phoenix\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Phoenix<\/span><\/a><span style=\"font-weight: 400;\">. \u201cThe seller came home and both parties searched for the ring for two hours. The buyers never found it and took their bad luck as a sign to back out of the deal.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While Bermudez\u2019s story has a happy ending\u2014his buyers ended up moving forward with the purchase after the sellers agreed to a long list of concessions\u2014many buyers these days are leaving sellers at the altar.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Roughly 56,000 U.S. home-purchase agreements were canceled in August, equal to 15.1% of homes that went under contract that month. That\u2019s up from 14.3% a year earlier and marks the highest August rate in records dating back to 2017.<br \/>\n<\/span><br \/>\n<iframe id=\"datawrapper-chart-0He8g\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Roughly 1 in 7 U.S. Home Purchases Get Canceled\" src=\"https:\/\/datawrapper.dwcdn.net\/0He8g\/1\/\" height=\"459\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Column Chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();\n<\/script><br \/>\n<span style=\"font-weight: 400;\"><br \/>\nThis is based on a Redfin analysis of MLS pending-sales data. The data are seasonal, which is why we compare this August to past Augusts. Please note that homes that fell out of contract during a given month didn\u2019t necessarily go under contract the same month. For example, a home that fell out of contract in August could have gone under contract in July.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Home purchases are falling through more frequently because buyers and sellers oftentimes aren\u2019t on the same page and aren\u2019t willing to compromise.<\/span><\/p>\n<p><b>Buyers are skittish and selective <\/b><span style=\"font-weight: 400;\">due to high prices, high mortgage rates and economic uncertainty. They\u2019re asking sellers for all sorts of repairs, price reductions and other concessions because a) it\u2019s expensive to buy a home and b) it\u2019s a buyer\u2019s market, meaning buyers hold the negotiating power. There are roughly <\/span><a href=\"https:\/\/www.redfin.com\/news\/buyers-vs-sellers-august-2025\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">500,000<\/span><\/a><span style=\"font-weight: 400;\"> more sellers than buyers in <\/span><span style=\"font-weight: 400;\">the market, which empowers buyers to negotiate because they have options.\u00a0<\/span><\/p>\n<p><b>Many sellers are still operating like it\u2019s 2021, <\/b><span style=\"font-weight: 400;\">assuming their home will sell as-is for top dollar. Some are having a hard time adjusting to the reality that it\u2019s no longer a seller\u2019s market because it seems like just yesterday that homes were getting dozens of offers and fetching tens of thousands of dollars over the asking price. Sellers who purchased their homes during the peak of the pandemic homebuying frenzy are also often unwilling to negotiate because they need to sell their homes for a certain price to avoid taking a loss.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Deals typically fall apart during the inspection period. Buyers will use the inspection contingency to back out of a deal if the seller doesn\u2019t concede to their repair requests, a better home comes up for sale, or they\u2019re simply suffering from a case of buyer\u2019s remorse. This marks a reversal from the pandemic homebuying frenzy, when buyers were <\/span><a href=\"https:\/\/www.redfin.com\/news\/waiving-inspection-contingency-wins-bidding-wars\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">waiving<\/span><\/a><span style=\"font-weight: 400;\"> every contingency just to have a chance at winning a bidding war.<\/span><\/p>\n<h3><b>Inspection and Repair Issues Are a Top Driver of Home-Purchase Cancellations\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><br \/>\nRedfin in September surveyed 443 of its real estate agents who have dealt with deal cancellations in the past three months.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Of those 443 agents, 70.4% said home inspection or repair issues caused deals to fall through. The second most common response was buyer financing falling through (27.8%), followed by a buyer\u2019s inability to sell their current home (21%), a change in the buyer\u2019s financial situation (14.9%), a buyer finding a different property they liked better (12.9%) and concerns about the economic climate (12.2%).<br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<iframe id=\"datawrapper-chart-rpX9A\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Homebuyers Often Back Out of Deals Due to Inspection Issues\" src=\"https:\/\/datawrapper.dwcdn.net\/rpX9A\/9\/\" height=\"370\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Bar Chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();\n<\/script><\/span><\/p>\n<p><span style=\"font-weight: 400;\">A lot of buyers are eyeing homes at lower price points these days because the cost of homeownership has surged in recent years. That could be contributing to the rise in contract cancellations because lower-priced homes are more likely to have issues arise during inspections.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buyers often back out of deals when sellers aren\u2019t willing to cover repairs that come up during the inspection, but sometimes they back out even when the seller does everything they ask.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201c<\/span><span style=\"font-weight: 400;\">I had a listing where the buyers requested nearly $15,000 in pool repairs,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/kevin-alford\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Kevin Alford<\/span><\/a><span style=\"font-weight: 400;\">, a Redfin real estate agent in <\/span><a href=\"https:\/\/www.redfin.com\/city\/14237\/OK\/Oklahoma-City\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Oklahoma City, OK<\/span><\/a><span style=\"font-weight: 400;\">. \u201cMy sellers went above and beyond, completing the work, paying out of pocket to make sure everything was perfect. But even after the pool was repaired, the buyers failed to close on the scheduled date without notice. The deal ultimately fell through, and it was heartbreaking for the sellers.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many agents also cited issues with condos. High HOA dues and hefty special assessments\u2014both of which have become increasingly <\/span><a href=\"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">common<\/span><\/a><span style=\"font-weight: 400;\">\u2014can give buyers cold feet. Deals can also fall apart if a condo buyer is planning to use an FHA loan but isn\u2019t aware that <\/span><a href=\"https:\/\/entp.hud.gov\/idapp\/html\/condlook.cfm\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">not all<\/span><\/a><span style=\"font-weight: 400;\"> condo buildings are approved for FHA buyers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sometimes deals also fall apart because the <\/span><i><span style=\"font-weight: 400;\">seller<\/span><\/i><span style=\"font-weight: 400;\"> gets cold feet; 11.5% of Redfin agents who have dealt with a contract cancellation in the past three months cite the seller backing out as a reason their deals fell through. It is <\/span><a href=\"https:\/\/www.redfin.com\/blog\/can-a-seller-back-out-of-contract\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">more challenging<\/span><\/a><span style=\"font-weight: 400;\"> for sellers to back out because they often don\u2019t have contingencies, though some include a contingency that allows them to cancel if they don\u2019t find a suitable home to move to. Both parties should be aware that they are entering a legal contract when they agree to buy\/sell a home; buyers may have to forfeit their earnest money if they back out without a contingency.<\/span><\/p>\n<h3><b>Redfin Agents Offer Advice on How to Keep Deals Together<\/b><\/h3>\n<p><i><span style=\"font-weight: 400;\"><br \/>\nTips for sellers:<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do a pre-inspection so the buyer is aware of any issues upfront.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If multiple buyers express interest while your home is actively listed, ask your agent to seek a back-up offer in case your first-choice buyer backs out.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Be flexible\u2014you may need to lower your asking price or do repairs to seal the deal in today\u2019s market.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Shorten the inspection period and\/or negotiate a substantial enough (but still reasonable) sum of earnest money so that it\u2019s more challenging for a buyer to walk away. Please note that these two may only work if you\u2019re in a balanced market or a seller\u2019s market; sellers who live in a buyer\u2019s market have less leverage.<\/span><\/li>\n<\/ul>\n<p><i><span style=\"font-weight: 400;\">Tips for buyers:<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Get fully pre-approved for a mortgage before touring homes, and when you\u2019re considering making an offer, discuss the monthly payment with your lender so there are no surprises. If possible, don\u2019t make other large purchases or take out other loans during the homebuying process; it could hurt your credit, which may <\/span><a href=\"https:\/\/www.rocketmortgage.com\/learn\/what-to-do-if-your-mortgage-loan-application-is-denied\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">give lenders pause<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tour a home you\u2019re considering buying more than once.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Make sure you love a home before committing to purchase it. If you\u2019re unsure of anything and time allows, sleep on it.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Before agreeing to purchase a home, investigate if it was recently under contract and ask for previous inspection reports.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Understand beforehand that issues will likely arise during the inspection; inspections are rarely perfect.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Get home-insurance quotes ahead of time so you know what you\u2019re in for\u2014insurance premiums have been <\/span><a href=\"https:\/\/www.nytimes.com\/2025\/05\/15\/climate\/climate-change-home-insurance-costs.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">rising<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you\u2019re buying a condo, contact the condo association to get a copy of meeting minutes and read them to see if there have been any recent issues. Inquire about HOA dues and special assessments.<\/span><\/li>\n<\/ul>\n<h3><b>Florida Has One of the Highest Rates of Home-Purchase Cancellations<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><br \/>\nIn <\/span><a href=\"https:\/\/www.redfin.com\/city\/30756\/GA\/Atlanta\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Atlanta<\/span><\/a><span style=\"font-weight: 400;\">, 1,532 home-purchase agreements were canceled in August, equal to 21% of homes that went under contract that month\u2014the highest percentage among the metros in this analysis. Next came <\/span><a href=\"https:\/\/www.redfin.com\/city\/8907\/FL\/Jacksonville\"><span style=\"font-weight: 400;\">Jacksonville, FL<\/span><\/a><span style=\"font-weight: 400;\"> (20.5%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/13655\/FL\/Orlando\"><span style=\"font-weight: 400;\">Orlando, FL<\/span><\/a><span style=\"font-weight: 400;\"> (20.2%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/18142\/FL\/Tampa\"><span style=\"font-weight: 400;\">Tampa, FL<\/span><\/a><span style=\"font-weight: 400;\"> (19.4%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/10201\/NV\/Las-Vegas\"><span style=\"font-weight: 400;\">Las Vegas<\/span><\/a><span style=\"font-weight: 400;\"> (19.4%). <\/span><span style=\"font-weight: 400;\">Redfin analyzed the 50 most populous metro areas and included in this analysis the 47 with sufficient data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cI worked with one seller who received 78 repair requests from a buyer following the inspection, and that was after the seller had already agreed to lower their $375,000 asking price by $25,000 because the house needed some improvements,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/dawn-liedtke\"><span style=\"font-weight: 400;\">Dawn Liedtke<\/span><\/a><span style=\"font-weight: 400;\">, a Redfin real estate agent in Tampa. \u201cThe buyer came back and said they would handle the cost of the repairs, but only if the seller was willing to lower the price by another $100,000. The deal didn\u2019t work out.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Florida has been <\/span><a href=\"https:\/\/public.tableau.com\/shared\/PZ5565W7Q?:display_count=y&amp;:origin=viz_share_link&amp;:embed=y\"><span style=\"font-weight: 400;\">building<\/span><\/a><span style=\"font-weight: 400;\"> more homes than any other state but Texas, prompting some buyers to back out of deals because they\u2019re 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 <\/span><a href=\"https:\/\/www.redfin.com\/news\/home-insurance-survey-report-2024\/\"><span style=\"font-weight: 400;\">insurance<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/\"><span style=\"font-weight: 400;\">HOA<\/span><\/a><span style=\"font-weight: 400;\"> fees.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Home purchases were least likely to fall through in <\/span><a href=\"https:\/\/www.redfin.com\/county\/1974\/NY\/Nassau-County\"><span style=\"font-weight: 400;\">Nassau County, NY<\/span><\/a><span style=\"font-weight: 400;\"> (4.5%), San Francisco (5.9%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/17420\/CA\/San-Jose\"><span style=\"font-weight: 400;\">San Jose, CA<\/span><\/a><span style=\"font-weight: 400;\"> (6.9%), <\/span><a href=\"https:\/\/www.redfin.com\/county\/2406\/PA\/Montgomery-County\"><span style=\"font-weight: 400;\">Montgomery County, PA<\/span><\/a><span style=\"font-weight: 400;\"> (8.8%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/13654\/CA\/Oakland\"><span style=\"font-weight: 400;\">Oakland, CA<\/span><\/a><span style=\"font-weight: 400;\"> (9%).<\/span><\/p>\n<h3><b>San Jose Has Seen the Biggest Uptick in Cancellations\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><br \/>\nWhile San Jose has one of the lowest cancellation rates, it has seen the largest uptick from last year, with its cancellation rate rising to 6.9% in August from 1.6% a year earlier (+5.3 ppts). Next came Virginia Beach, VA (+4.2 ppts), Oakland (+4.1 ppts), Houston (+3.9 ppts) and Washington, D.C. (+3.5 ppts). Cancellations rose year over year in 33 metro areas.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cancellations fell from a year earlier in 14 metros, with the biggest drops in Portland, OR (-1.8 ppts), Riverside, CA (-1.6 ppts), Miami (-1.5 ppts), Anaheim, CA (-1.3 ppts) and Denver (-1.2 ppts).<\/span><\/p>\n<h3><b>Metro-Level Summary: August 2025<\/b><\/h3>\n\n<table id=\"tablepress-487\" class=\"tablepress tablepress-id-487\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\"><strong>U.S. metro area<\/strong><\/th><th class=\"column-2\"><strong>August 2025: Pending sales that fell out of contract, as % of overall pending sales<\/strong><\/th><th class=\"column-3\"><strong>August 2024: Pending sales that fell out of contract, as % of overall pending sales<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Anaheim, CA<\/td><td class=\"column-2\">13.6%<\/td><td class=\"column-3\">14.9%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Atlanta, GA<\/td><td class=\"column-2\">21.0%<\/td><td class=\"column-3\">18.0%<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Austin, TX<\/td><td class=\"column-2\">15.5%<\/td><td class=\"column-3\">12.1%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Baltimore, MD<\/td><td class=\"column-2\">13.7%<\/td><td class=\"column-3\">11.9%<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Boston, MA<\/td><td class=\"column-2\">11.1%<\/td><td class=\"column-3\">10.2%<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Chicago, IL<\/td><td class=\"column-2\">15.6%<\/td><td class=\"column-3\">15.5%<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Cincinnati, OH<\/td><td class=\"column-2\">14.0%<\/td><td class=\"column-3\">12.9%<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Cleveland, OH<\/td><td class=\"column-2\">16.7%<\/td><td class=\"column-3\">15.9%<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Columbus, OH<\/td><td class=\"column-2\">17.0%<\/td><td class=\"column-3\">14.2%<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Dallas, TX<\/td><td class=\"column-2\">17.5%<\/td><td class=\"column-3\">16.8%<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Denver, CO<\/td><td class=\"column-2\">16.3%<\/td><td class=\"column-3\">17.5%<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Detroit, MI<\/td><td class=\"column-2\">16.3%<\/td><td class=\"column-3\">16.1%<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Fort Lauderdale, FL<\/td><td class=\"column-2\">17.9%<\/td><td class=\"column-3\">19.0%<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Fort Worth, TX<\/td><td class=\"column-2\">18.6%<\/td><td class=\"column-3\">18.1%<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Houston, TX<\/td><td class=\"column-2\">19.2%<\/td><td class=\"column-3\">15.3%<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Indianapolis, IN<\/td><td class=\"column-2\">15.7%<\/td><td class=\"column-3\">15.5%<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">Jacksonville, FL<\/td><td class=\"column-2\">20.5%<\/td><td class=\"column-3\">19.7%<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">Las Vegas, NV<\/td><td class=\"column-2\">19.4%<\/td><td class=\"column-3\">18.9%<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">Los Angeles, CA<\/td><td class=\"column-2\">14.9%<\/td><td class=\"column-3\">15.0%<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">Miami, FL<\/td><td class=\"column-2\">15.6%<\/td><td class=\"column-3\">17.1%<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">Milwaukee, WI<\/td><td class=\"column-2\">9.7%<\/td><td class=\"column-3\">8.7%<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">Minneapolis, MN<\/td><td class=\"column-2\">10.9%<\/td><td class=\"column-3\">10.5%<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\">Montgomery County, PA<\/td><td class=\"column-2\">8.8%<\/td><td class=\"column-3\">7.4%<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\">Nashville, TN<\/td><td class=\"column-2\">14.3%<\/td><td class=\"column-3\">13.2%<\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\">Nassau County, NY<\/td><td class=\"column-2\">4.5%<\/td><td class=\"column-3\">3.7%<\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\">New Brunswick, NJ<\/td><td class=\"column-2\">11.2%<\/td><td class=\"column-3\">11.3%<\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\">New York, NY<\/td><td class=\"column-2\">9.3%<\/td><td class=\"column-3\">9.3%<\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\">Newark, NJ<\/td><td class=\"column-2\">9.5%<\/td><td class=\"column-3\">9.7%<\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\">Oakland, CA<\/td><td class=\"column-2\">9.0%<\/td><td class=\"column-3\">5.0%<\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\">Orlando, FL<\/td><td class=\"column-2\">20.2%<\/td><td class=\"column-3\">20.3%<\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\">Philadelphia, PA<\/td><td class=\"column-2\">12.2%<\/td><td class=\"column-3\">12.0%<\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\">Phoenix, AZ<\/td><td class=\"column-2\">17.7%<\/td><td class=\"column-3\">18.1%<\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\">Pittsburgh, PA<\/td><td class=\"column-2\">15.8%<\/td><td class=\"column-3\">15.5%<\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\">Portland, OR<\/td><td class=\"column-2\">14.5%<\/td><td class=\"column-3\">16.3%<\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\">Providence, RI<\/td><td class=\"column-2\">11.5%<\/td><td class=\"column-3\">10.6%<\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\">Riverside, CA<\/td><td class=\"column-2\">16.8%<\/td><td class=\"column-3\">18.4%<\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\">Sacramento, CA<\/td><td class=\"column-2\">14.8%<\/td><td class=\"column-3\">15.3%<\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\">San Antonio, TX<\/td><td class=\"column-2\">19.3%<\/td><td class=\"column-3\">18.5%<\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\">San Diego, CA<\/td><td class=\"column-2\">15.6%<\/td><td class=\"column-3\">14.5%<\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\">San Francisco, CA<\/td><td class=\"column-2\">5.9%<\/td><td class=\"column-3\">3.6%<\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\">San Jose, CA<\/td><td class=\"column-2\">6.9%<\/td><td class=\"column-3\">1.6%<\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\">Seattle, WA<\/td><td class=\"column-2\">10.0%<\/td><td class=\"column-3\">9.7%<\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\">Tampa, FL<\/td><td class=\"column-2\">19.4%<\/td><td class=\"column-3\">20.0%<\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\">Virginia Beach, VA<\/td><td class=\"column-2\">17.2%<\/td><td class=\"column-3\">13.0%<\/td>\n<\/tr>\n<tr class=\"row-46\">\n\t<td class=\"column-1\">Warren, MI<\/td><td class=\"column-2\">14.0%<\/td><td class=\"column-3\">12.1%<\/td>\n<\/tr>\n<tr class=\"row-47\">\n\t<td class=\"column-1\">Washington, D.C.<\/td><td class=\"column-2\">9.8%<\/td><td class=\"column-3\">6.3%<\/td>\n<\/tr>\n<tr class=\"row-48\">\n\t<td class=\"column-1\">West Palm Beach, FL<\/td><td class=\"column-2\">14.3%<\/td><td class=\"column-3\">15.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-487 from cache -->\n","protected":false},"excerpt":{"rendered":"<p>Roughly 56,000 U.S. home-purchase agreements were canceled in August, equal to 15.1% of homes that went under contract that month\u2014the highest August percentage in records dating back to 2017. Buyers frequently back out of deals when they find issues during the inspection, they have trouble selling their existing home or their financing falls through, according [&hellip;]<\/p>\n","protected":false},"author":13346,"featured_media":81278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[27,8],"tags":[20],"dashboard":[],"coauthors":[125],"class_list":["post-82412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-affordability","category-housing-market-news","tag-housing-affordability"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Homebuyers Are Canceling Deals at a Record Rate. 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