Your Money Minute Home Buyers Cancel More Purchase Contacts 9/15/25
Sep 15, 2025
Rising economic uncertainties are making home buyers more cautious, leading to an increase in cancelled purchase contracts. States like Texas and Florida are seeing a notable trend as buyers hesitate to commit. High costs and fears of investment pitfalls are driving this behavior. The discussion sheds light on the shifting landscape of the housing market and the factors influencing buyer decisions.
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Host Introduces Rising Contract Cancellations
- Jessica Edinger opens with the trend of buyers signing then bailing on contracts.
- She cites CNBC reporting and Redfin data to illustrate the phenomenon.
Cancellations At Record Highs
- Redfin reports July cancellations hit the highest rate tracked since 2017, showing a market shift.
- Economic uncertainty and rising inventory are making buyers more likely to walk away from contracts.
Use Inspection Periods To Reassess
- Avoid rushing into contracts in uncertain markets where prices may fall.
- Use inspection periods and market signals to reassess before finalizing a purchase.