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GeneralMediumUpdated•Originally published 14 October 2026•Updated 14 October 2026•
1 min read

US Home Purchase Cancellations Hit Record High in September

Key Facts

1US homebuyers canceled 1 in 7 deals in September as affordability concerns and high costs weighed on the market.
2Sellers outnumbered buyers by a record 63% according to recent market data.

US homebuyers canceled 1 in 7 deals in September as affordability concerns and high costs weighed on the market. Benzinga reported that approximately 15% of deals fell through during the month, marking a record high for cancellations in September.

Sellers outnumbered buyers by a record 63% according to market data cited by Benzinga. This decline in buyer activity coincided with the MBA 30-Year Mortgage Rate reaching 7.49% on October 7, 2026, up from a previous 7.3%, further intensifying affordability barriers in the housing sector.

Latest Updates · 1

  1. Notable·

    Update: Redfin data indicated that 41 of the 50 most populous U.S. metro areas have now transitioned into buyer's markets. Miami, Nashville, and Houston led this geographic shift as cooling demand and rising inventory altered market dynamics.