In April 2026, US home-sale contract cancellations slightly decreased to 13.4%, the lowest since September 2024, indicating market stabilization. Sellers are lowering prices and offering concessions, while buyers show increased commitment amid stable mortgage rates. Sun Belt metros like Atlanta and San Antonio have the highest cancellation rates due to excess inventory, while tech hubs like San Francisco...
Buyer Demand
New listings deficit narrows to ↓ 1.2% yearly in October, signaling a recovery from the severe shortage. Despite mortgage rates hitting 8%, competition remains strong, with listings selling in 16 days on avg. Monthly mortgage payments ↑ >4% MoM, driven by the 23-yr high rates....