Mortgages and Real Estate: July's Pending Home Sales Decline Amid Canceled Contracts
Thursday, 28 August 2025, 14:30
Trends in Mortgages and Real Estate
Mortgages have taken a toll on real estate, resulting in a dip in pending home sales for July.
- Redfin has reported that 15% of contracts were canceled.
- This marks the highest rate since tracking started in 2017.
Impact of Canceled Contracts on Housing Market
As uncertainties in the housing market grow, buyers face challenges in securing stable deals.
- Increased mortgage rates lead to more cautious buyers.
- Significant cancellations indicate buyer hesitation amidst fluctuating market conditions.
Real estate agents anticipate that these trends could reshape market dynamics in the upcoming months. For more comprehensive insights and updates on this topic, be sure to follow trusted sources in business news and real estate analysis.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.