🏠 June Sees Record Number of Home Sales Canceled🇺🇸

🏠 June Sees Record Number of Home Sales Canceled🇺🇸

14.9% of pending U.S. home sales were canceled in June—the highest rate for that month since tracking began in 2017. The trend reflects rising buyer leverage, as more walk away due to inspection issues, affordability concerns, or expectations of future price/mortgage drops.

📍 Highest cancellation rates:

• Jacksonville – 21.4%

• Las Vegas – 19.7%

• Atlanta – 19.6%

📉 With mortgage rates near 6.8% and more listings on the market, sellers face mounting pressure to negotiate or adjust expectations.