More Home Sales Contracts Are Being Cancelled...

...and the very few things that are causing this to happen

Recently released statistics have shown a slight increase of 1.5%

in buyers backing out of home sale contracts

when comparing year over years numbers for September

2024 13.5% of contracts were cancelled

2025 15.0% of contracts were cancelled

the most common reasons for this taking place:

• increased repair costs from home inspections
• increased homeowners insurance costs
• increased flood insurance concerns
• hurricane season and other natural disasters
• job concerns and inflation in an uncertain economy

and with the government shutdown entering its 2nd month

we may see more sales being cancelled

now before we send everyone into a panic mode

85% of all contracts are closing

compared to 86.5% last year

so the vast majority are still getting to the closing table intact

and it very well be that things are not all that different than last year

tune into today's show to hear my breakdown of what is really happening