Articles Tagged: builder incentives

2 articles found

Canceled Contracts Spike to 15%: What Rising Fall‑Throughs Signal for Home Prices, Mortgage Demand and the Fall Market

Pending home sales slipped in July and fall‑throughs surged to the highest level since at least 2017 tracking—an unmistakable stress flare as the market pivots into the critical autumn listing season. The National Association of Realtors’ Pending Home Sales Index (PHSI) fell 0.4% month over month in July (still up 0.7% year over year), while Redfin’s analysis shows 15% of contracts canceled, with Texas and Florida metros topping the list, according to CNBC. Mortgage rates drifted higher through July before easing in August, offering a modest tailwind heading into September.

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California Housing Market 2025: Rates, Supply, Climate Risk, and Policy Shake-Ups

California enters late 2025 as one of the nation’s most expensive, supply‑constrained housing markets—now shaped as much by the path of interest rates and a tightening insurance landscape as by zoning reform and construction costs. National rate dynamics are again dictating affordability and transaction volume, while climate‑driven losses in wine country and other high‑risk zones are repricing risk in appraisals, listings, and buyer decisions. Mortgage demand remains near cyclical lows, cancellations have climbed to a series high, and 30‑year mortgage rates have eased modestly from early‑summer peaks. At the same time, explicit wildfire‑hazard disclosures are associated with measurable sale‑price discounts, and premium spikes in high‑risk regions are complicating closings. This report integrates near‑term market signals with California’s policy framework (RHNA targets, SB 9/ADUs) and climate‑insurance realities to frame scenarios for the next 12–18 months—and highlight the watch list for the Bay Area, Southern California, the Inland Empire, and beyond.

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