U.S. Home Contract Cancellations Hit Record February High | March 25, 2026

On today’s Hot Sheet, Byron Lazine broke down Redfin data showing over 42,000 home deals fell through in February, a record 13.7% cancellation rate for the month.

He also reviewed ATTOM’s 2025 Home Flipping Report, which shows profits dropped to $65,981 and ROI fell to 25.5%, the lowest since 2008.

For today’s final topic, Byron highlighted MBA’s latest report showing mortgage applications declined 10.5% as rates climbed to 6.43%, the highest level since October 2025.