Home Purchase Contract Cancellations Rise
This is a U.S. news story, published by Yahoo Finance.
U.S. news
For more U.S. news, you can click here:
more U.S. newsreal estate & housing news
For more real estate & housing news, you can click here:
more real estate & housing newsYahoo Finance news
For more news from Yahoo Finance, you can click here:
more news from Yahoo FinanceAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like real estate & housing news, you might also like this article about
home sales cancelations. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest home sale news, home prices news, real estate & housing news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
sales slumpAssociated Press News
•Business
Business & Economics
Housing red flag: Data show increase in cancellations of home purchase agreements versus a year ago

87% Informative
Some 6% of pending contracts to buy a home were canceled in May , down from 7% in April , but up from 5% in May last year .
May is the third consecutive month with an annual increase in pending home sales cancelations.
The U.S. housing market remains in a sales slump going back to 2022 .
VR Score
94
Informative language
95
Neutral language
83
Article tone
formal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
2
Source diversity
1
Affiliate links
no affiliate links