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Business & Economics

Housing red flag: Data show increase in cancellations of home purchase agreements versus a year ago

Associated Press News
Summary
Nutrition label

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

Source diversity

1

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no affiliate links