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Record Home Purchase Cancellations Hit 16.3% in December

1/27/2026

35 5 Full Breakdown

Summary

Story summary

In December 2025, Redfin reports more than 40,000 canceled U.S. home purchase agreements, a record 16.3% under contract, up from 14.9% in 2024, and Redfin forecasts affordability will improve in 2026 as wages rise faster than housing costs.
Atlanta had the highest cancellations at 22.5%, with Jacksonville and San Antonio at 20.6%.
Nassau County, San Francisco, and San Jose had the fewest cancellations.

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Story summary

In December 2025, Redfin reports more than 40,000 canceled U.S. home purchase agreements, a record 16.3% under contract, up from 14.9% in 2024, and Redfin forecasts affordability will improve in 2026 as wages rise faster than housing costs.
Atlanta had the highest cancellations at 22.5%, with Jacksonville and San Antonio at 20.6%.
Nassau County, San Francisco, and San Jose had the fewest cancellations.