Redfin found 15% of contracts were canceled in July, the highest rate since it began tracking the metric in 2017.
source https://www.cnbc.com/2025/08/28/pending-home-sales-july-canceled-contracts-spike.html
Pending home sales tick lower in July as canceled contracts spike
August 28, 2025
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Pending home sales tick lower in July as canceled contracts spike
Housing Market