With Buyers Firmly in the Driver’s Seat, Home-Purchase Cancellations Hit Highest Level in Nearly 3 Years
14% of U.S. homebuying deals fell through in July, the highest share since November 2023, as buyers gained more power. Home-purchase cancellations are most prevalent in buyer-friendly southern markets, where a lot of inventory and fewer buyers are giving house hunters more confidence to walk away f
New Listings Tick Up As Summer Winds Down
High housing costs and economic uncertainty pushed pending home sales to their lowest level since March. New listings of U.S. homes for sale climbed 1.2% week over week to their highest level in over three months during the four weeks ending August 16. That marks the fifth straight week of increases
California Dreamin’: $130M Bel Air Estate Tops July’s Priciest Home Sales
July’s top four priciest home sales were in Southern California, followed by two Manhattan townhouses, a handful of Florida estates and an Arizona compound. A famous Bel Air estate known as Casa Encantada was the most expensive U.S. home sale of July, fetching $130 million. It was also the second-m

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