Housing Markets Cooling As More Homebuyers Back Out Of Contracts



There are new signs of trouble in the housing market as more homebuyers back out of contracts. A survey, citing rising costs and falling confidence in the market, has triggered homebuilder cancellation rates to more than double since April. 

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20 comments

  1. Every time I go online they’re trying to encourage me to buy a house but why when it’s inflation 🤔

  2. Increasing interest rates and ridiculous high house prices. Yup.

  3. In no hurry to "own a liability"

  4. Overvalued homes, that's the reason I am not buying.

  5. Haha such much for the great state of texas.. haha

  6. Well maybe they should lower price!

  7. What is the real cost of building a $400k house?

  8. 199,500 for something new? Definitely not CA

  9. Time to short KB homes and other greedy companies.

  10. The script has flipped. Buyers have all the power now.

  11. Cheaply made houses selling for mansion prices

  12. Don't fight the Fed my good friends…. Don't fight the Fed.

    Tampa, FL Housing Prices Crater 27% YOY As Mushroom Cloud Of Fear, Doubt And Falling Prices Balloons Over US Housing Market

  13. 1:25 I Call BS! If you are looking to buy a home because of price, you should not be buying it…unless you are an investor. You look for the features and the benefits of living in that neighborhood.

  14. Don’t worry black rock will buy everything anyway

  15. Enough piranha eat the corpse and nothing is left.

  16. No ody wants to get caught in Biden economy.

  17. Yay! This will drive rental prices up.