CoreLogic flags 5-year high in US homebuying contract cancellations as mortgage rates rise
Bitget2026/09/24 10:08- CoreLogic flagged a fractured US housing market in September 2026, with affordability pressure lifting cancellations, weakening pending demand.
- US home prices rose 1.4% year over year in July; 46 of the 100 largest metros posted monthly declines.
- Closed sales fell 5% year over year in August; pending contracts slipped 3%, pointing to further near-term volume pressure.
- Contract cancellations hit a five-year high, with nearly 12% of June contracts failing to close within 60 days by August.
- Borrower equity averaged USD 310,000 in Q2 2026; ARM share climbed to 19.5% by dollar volume as 30-year fixed ran near 6.7%.
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