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U.S. Home Purchase Cancellations Surge to 15.3% in July

8/23/2025

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Summary

Story summary

In July 2025, 15.3% of U.S. home purchases were canceled, totaling around 58,000 agreements, the highest since 2017.
Texas and Florida had the highest cancellation rates, with San Antonio at 22.7%, Fort Lauderdale at 21.3%, and Jacksonville at 19.9%.
Rising home prices, high mortgage rates, and increased inventory are causing buyer hesitance.
Experts predict a potential market shift as affordability improves and inventory growth slows.

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Story summary

In July 2025, 15.3% of U.S. home purchases were canceled, totaling around 58,000 agreements, the highest since 2017.
Texas and Florida had the highest cancellation rates, with San Antonio at 22.7%, Fort Lauderdale at 21.3%, and Jacksonville at 19.9%.
Rising home prices, high mortgage rates, and increased inventory are causing buyer hesitance.
Experts predict a potential market shift as affordability improves and inventory growth slows.