With Buyers Firmly in the Driver's Seat, Home-Purchase Cancellations Hit Highest Level in Nearly 3 Years

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  "signal_type": "news",
  "signal_subtype": "launches",
  "detected_at": "2026-08-21T12:00:00+00:00",
  "company": {
    "name": "Redfin",
    "domain": "redfin.com"
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  "data": {
    "url": "https://www.prnewswire.com/news-releases/with-buyers-firmly-in-the-drivers-seat-home-purchase-cancellations-hit-highest-level-in-nearly-3-years-302856984.html",
    "title": "With Buyers Firmly in the Driver's Seat, Home-Purchase Cancellations Hit Highest Level in Nearly 3 Years",
    "excerpt": "Redfin reports 14% of U.S. homebuying deals fell through in July, the highest share since November 2023, as buyers gained more power SEATTLE , Aug. 21, 2026 /PRNewswire/ -- Nationwide, 14% of home-sale agreements that went under contract in July fell through - the highest share in nearly three years on a seasonally adjusted basis and up from 13.7% a month earlier. That's according to a new report from Redfin , the real estate brokerage powered by Rocket. While the rate of contract cancellations reached a nearly three-year high in July, the increase from months and years past is small. The share of U.S. homebuying deals that have fallen through has posted small swings, from about 13% to about 14%, for the last four years. Deals are falling through at a higher rate than in 2020-2022, when the U.S. was in a hot seller's market. This is based on a Redfin analysis of seasonally adjusted MLS pending-sales data. Please note: Homes that fell out of contract during a given month didn't necessarily go under contract that same month. Contract cancellations are rising a bit because buyers have the power: The number of U.S. homebuyers dropped to a record low in July, and there were a near-record 51% more sellers than buyers in the market. That gives house hunters more options and makes them more likely to walk away if an inspection uncovers problems, an appraisal comes in low or the seller...",
    "product": "Home-Purchase Cancellations Report July 2026",
    "summary": "Redfin released a new report indicating that 14% of U.S. home-sale agreements fell through in July, the highest share in nearly three years.",
    "location": "United States",
    "planning": false,
    "image_url": "https://mmx.prnewswire.com/media/MS690711/Redfin-Powered-by-Rocket-Logo.jpg?id=OA2901178&p=facebook",
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    "product_data": {
      "name": "Home-Purchase Cancellations Report July 2026",
      "full_text": "a new report from Redfin",
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      "release_type": "report"
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    "product_tags": [
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    "published_at": "2026-08-21T12:00:00Z",
    "location_data": [
      {
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
        "fuzzy_match": false
      }
    ],
    "article_sentence": "Nationwide, 14% of home-sale agreements that went under contract in July fell through - the highest share in nearly three years on a seasonally adjusted basis and up from 13.7% a month earlier. That's according to a new report from Redfin , the real estate brokerage powered by Rocket."
  }
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