Housing Market
Contract Cancellations Just Hit the Highest Level on Record
Redfin reports 16.3% of U.S. home-purchase contracts were canceled in December, a record high equal to roughly 40,000 deals.
January 27, 2026
Redfin reports 16.3% of U.S. home-purchase contracts were canceled in December, a record high equal to roughly 40,000 deals.
Redfin reports there were 36.7% more home sellers than buyers in September, with Austin leading all metros as the strongest buyer’s market in the U.S.
ResiClub reports 40.3% of U.S. homeowners are now mortgage-free, a record high. Older Americans drive the trend, with 64% of 65+ owning homes outright.
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