U.S. Housing Market Sees Surge in Broken Deals

MPA, June 30, 2025-Jonalyn Cueto
The US housing market is facing renewed pressure, with a noticeable uptick in canceled home purchase agreements in May compared to the same period last year. According to data from the National Association of Realtors (NAR), approximately 6% of pending home contracts were canceled in May 2025. This figure represents a slight decline from 7% in April but marks a rise from 5% a year earlier.
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