U.S. Housing Market Cracks: Record Cancellations and Seller Glut
September saw the highest home purchase cancellation rate on record at 14%+, while home sellers now outnumber buyers by 560,000 — the largest gap since data collection began in 2013, pointing to a structurally stressed housing market.
What we know
An account on X flagged that over 14% of US home purchases were canceled in September — the highest September cancellation rate on record. In a separate post, another account on X noted that sellers now outnumber buyers by over 560K (58%), the largest imbalance in the dataset's history going back to 2013. This dovetails with the macro backdrop of a global rate-hike cycle and Fed hawkishness flagged across the markets news feed.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.