1312 ET - Home-purchase cancellations are starting to slow, Redfin says. Just over 47,000 U.S. home-sale agreements fell through in April, equal to 13.4% of homes that went under contract that month. That's down slightly from a month earlier. Contract cancellations inched down this spring as homebuyers and sellers gain a clearer sense of housing market conditions after several years of volatility. More sellers have come to terms with the fact that it's a buyer's market, and they're increasingly willing to lower prices and/or provide concessions to keep deals together. Buyers, for their part, have grown more accustomed to high housing payments, with pending home sales rising, and may be less likely to back out due to sticker shock. (chris.wack@wsj.com)

(END) Dow Jones Newswires

May 21, 2026 13:13 ET (17:13 GMT)

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