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Morris Invest’s Real Estate Wisdom: A Blog for Savvy Investors

Pending Home Sales See Record Cancellation Rates as More People Turn to Rentals

Pending Home Sales See Record Cancellation Rates as More People Turn to Rentals

According to a new Redfin analysis, there were 41,000 home-purchase agreement cancelations in January 2025, which was a rise of 13.4% from the previous year, bringing it to a level not seen since 2017. Continue reading to find out what’s causing homebuyers to back out of these real estate deals at such record rates and why many are turning to rentals instead.

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