Home purchase cancellations surge as buyers gain leverage in the South

Jun 18, 2026, 1:51 AM10

(Update: Jun 18, 2026, 1:51 AM)

South Asia

southern region of Asia

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Home purchase cancellations surge as buyers gain leverage in the South

In May 2026, over 48,500 home-purchase agreements were canceled nationwide.
The cancellation rate represented 13.6 percent of homes that went under contract.
The increase in cancellations indicates a shift in market dynamics favoring buyers.

South Asia

southern region of Asia

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