THE WIRE · № 78750
BREAKING: 14.5% of home-purchase agreements that went under contract fell through in September, the highest rate for any September on record. The only higher readings occurred during the pandemic shock in March and April 2020. By comparison, between 2017 and 2019, this metric n
01 THE MACHINE READ
WHY IT MATTERS.
Record September contract cancellations signal weakening housing demand, pressuring builders and housing-linked assets.
Housing cracks deepen beyond seasonal norms
Pending home sales and builder earnings
Housing slowdown spilling into broader economy
FULL DISPATCH
BREAKING: 14.5% of home-purchase agreements that went under contract fell through in September, the highest rate for any September on record. The only higher readings occurred during the pandemic shock in March and April 2020. By comparison, between 2017 and 2019, this metric never exceeded 12.0%. Jacksonville posted the highest cancellation rate last month, at 19.9%, followed by Tampa at 18.8%, Las Vegas at 18.6%, and San Antonio at 18.5%. In September, home sellers outnumbered buyers by ~63%, the widest gap on record. US homebuyers are canceling deals at a historic pace.
02 THE STORY SO FAR
THE RECORD, IN ORDER.
STANDALONE ITEM — NOT YET FOLDED INTO A DEVELOPING STORY.
03 WHO'S INVOLVED
ENTITIES ON FILE.
04 RECEIPTS
THE SOURCE RECORD.
1 SOURCES CONFIRMED05 PROPAGATION
WHAT THIS TOUCHES.
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Summaries are generated and may contain errors — every claim links its sources.