Housing red flag: Data show increase in cancellations of home purchase agreements versus a year ago

11 Signs That The Entire Country Is Facing Enormous Economic Challenges Right Now » Sons of Liberty Media

While everyone has been preoccupied with the war in the Middle East and the anti-ICE protests going on around the nation, economic conditions in the U.S. have continued to deteriorate.  The housing market is in abysmal shape, consumer spending is down and layoffs are way up.   Meanwhile, fear of our seemingly endless cost of …

Housing red flag: Data show increase in cancellations of home purchase agreements versus a year ago

The latest sign of trouble in the U.S. housing market: A pickup in home purchase agreements falling through before they’re finalized.

6% of Today’s Home Sellers Are At Risk of Selling at a Loss. That’s Up From 4.4% a Year Ago, But Still Historically Low. – automotivemogul

The risk of selling at a loss varies significantly in different parts of the country; nearly 20% of sellers are at risk of losing money in San Francisco, compared to virtually 0% of sellers in Providence, RI. Nearly one in …

The US housing market is facing yet another sign of trouble

A pickup in home purchase agreements falling through before they’re finalized signals the latest sign of trouble in the U.S. housing market. Some 6% of pending contracts to buy a home were canceled in May, down from 7% in April, but up from 5% in May last year, according to data from National Association of Realtors. May is the third consecutive month with an annual increase in cancellations of pending home sales. A separate analysis of housing …

U.S. home sale cancellations rise amid high mortgage rates

Home sale cancellations rose in May as high mortgage rates, low appraisals, and economic uncertainty push buyers to back out of pending contracts.