US home purchases, cancellation rates are at a record high - buyers' determination fluctuates due to high costs

2024/7/24 4:23 JST (some excerpts)
Sellers adapt to buyers' whims, and the ratio of price cuts is less than 20%
If all desired conditions are not met, there is no point in buying and the contract is canceled

In the US, the cancellation rate of home purchases rose to a record high in June.
　　According to a report released on the 23rd by Redfin, which provides housing information, the number of cancellations in June was just under 56,000, which is equivalent to about 15% of the number of housing contracts concluded in the same month. It was the highest ratio since the company began compiling data in 2017.