Macro EconomyMedium•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.