Stale Listings and Canceled Purchase Contracts
The total“ stale inventory” number( or 60 + days on the market) for U. S. home listings reached 44 % of all home listings in April 2025. This was + 42.1 % higher than the previous year and the highest April percentage since 2020 following the pandemic declaration a few weeks prior.
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There were approximately 56,000 homepurchase contracts that were canceled in April 2025 across the nation, which equals 14.3 %( or 1in7 purchase deals) of all homes under contract for that same month.
Florida had five of the 10 metropolitan regions in the nation with the highest purchase contract cancellation rates in April 2025, as per Redfin and Newsweek.
All four of the states( Florida, Georgia, California, and Texas) included in this Top 10 cancellation rate percentage list have challenging homeowners insurance issues related to both availability and rising costs.
Other factors for home purchase cancellations include rising mortgage costs and loan denial rates. A larger number of mortgage applicants these days are having to switch from conventional mortgages to nonQM or private money to qualify to purchase homes because their credit scores may be dropping and / or their debttoincome( DTI) ratios are rising too high and exceeding 40 % or 50 % DTI ratios.
Real Inflation is Much Higher
Why does " real world " inflation seem significantly higher than published government inflation rates? Are your asset investments booming and / or is the purchasing power of your dollar busting?
How often do you go to a fast food restaurant and spend more than $ 20 per person? Can you fill up less than half of your grocery cart for less than $ 200 where you shop?
Between 2000 and 2025, let’ s take a closer look at some of my price increase percentage estimates for homes, education, and automobiles:
* Home prices: Up 3 to 5 times in many markets.
* College tuition: Up 2 to 4 times at many schools. * Car prices: Up 2 to 3 times for numerous car models.
When I see the federal government’ s published annual inflation data that’ s closer to 2 % to 4 %, I wonder where these economists shop. Am I shopping at the wrong stores and paying prices that seem to be more than 10 % higher than last year or is the published government data not all that accurate?
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The Top 10 Purchase Cancellation Rate Regions
1. Atlanta, GA: 20 %+ 2. Orlando, FL: 19.4 % 3. Tampa, FL: 19.1 % 4. Riverside, CA: 19.1 % 5. Miami, FL: 18.9 % 6. Ft. Lauderdale, FL: 18.9 % 7. Ft. Worth, TX: 18.7 % 8. Las Vegas, NV: 18.6 % 9. Jacksonville, FL: 18.4 % 10. San Antonio, TX: 18.2 %
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