56,000 Home Deals Fell Through in April, Making the Highest Cancellation Rate Since 2020

Home-purchase cancellations are on the rise, with 14.3% of U.S. pending home sales falling through in April—the highest rate for any April since 2017, aside from the pandemic shock in 2020. In this episode, we explore why so many deals are collapsing, from economic uncertainty and high mortgage rates to an oversupplied housing market that gives buyers more options—and more reasons to walk away. We also spotlight the metros with the highest fallout rates, including several in Florida and Texas, and explain how savvy investors can turn these failed deals into opportunities. Read the Redfin report here: https://www.redfin.com/news/home-purchase-cancellations-april-2025/ Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices