"While there are reports from Redfin and other sources detailing high home purchase cancellation rates in 2025. Multiple reports released in the latter half of 2025 indicated that cancellation rates had reached significant levels in the preceding months, with Redfin reporting a 15% cancellation rate in September 2025. 2025 cancellation rates based on Redfin data September 2025: 15% of home-purchase agreements were canceled. July 2025: 15.3% of home-purchase agreements were canceled. June 2025: Nearly 15% of pending home sales fell through."
"Some experts predict that the market will shift to be more favorable to buyers, with potentially lower home prices and higher inventory. Other experts predict a potential bust, citing high debt-to-income ratios and persistent affordability issues. Many forecasts suggest that prices will stabilize or grow only modestly in 2026, with a crash being unlikely due to a continued supply shortage. Forecasts for cancellation rates in 2026 are not available, but some experts believe that a moderation in mortgage rates could boost demand and lower cancellations."
Redfin data indicated cancellation rates near 15% across mid-to-late 2025, with June nearly 15%, July 15.3%, and September 15%. Cancellation activity reached significant levels during those months. Expert forecasts for 2026 diverge: some expect a buyer-favorable shift with lower prices and greater inventory, while others warn of a potential bust driven by high debt-to-income ratios and affordability strains. Many projections foresee price stabilization or modest growth, with a crash seen as unlikely due to ongoing supply shortages. Specific 2026 cancellation-rate forecasts are not available, though lower mortgage rates could reduce cancellations and boost demand.
Read at Boston Condos For Sale Ford Realty
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