▶youtube BusinessReal Estate first seen 2 d ago, last 8 h ago, peak #3
US housing contract cancellations surge 70% as buyers walk away
Original: It's over (contract cancellations surge 70%)
Housing market analysts are reporting a sharp 70% surge in contract cancellations, with homebuyers backing out of deals before closing. The spike is being read as a sign that homebuyers now hold more leverage, expecting prices or mortgage rates to fall further. Commentary circulating online warns the trend could mark the start of a broader downturn in the US residential real estate market.
Why now: A sharp rise in cancelled home purchase contracts is fueling speculation that the housing market downturn is accelerating.
US housing markethomebuyersReventure Consultingreal estate
Rank over time, top of the chart is #1. 34 snapshots from 2 d ago to 8 h ago.
Evidence
- It's over (contract cancellations surge 70%) · Reventure Consulting · 174.7K
API: https://socialmediatrends-api.osmike.com/v1/trends/5109830