Redfin-Rocket report: Atlanta leads US in canceled home-sale contracts at 18.8% in May

Rocket Companies' May 2026 report shows Atlanta led US metros with an 18.8% home-sale contract cancellation rate, followed by Fort Worth (18.1%) and Jacksonville (17.9%). Nationwide cancellations stood at 13.6%, driven by higher inventory than demand in Sun Belt markets. Conversely, San Francisco had the lowest rate at 3.9% due to tight supply and AI-driven demand. Cancellation rates have stabilized near 13-14% for two years as buyers adapt to mortgage rates above 6%.

Rocket analysis flagged elevated US home contract fallout in May 2026, with 13.6% of pending sales canceled nationwide. * Atlanta led major metros at 18.8% canceled deals; Fort Worth hit 18.1%; Jacksonville reached 17.9% as Sun Belt markets swung toward buyers. * Cancellation rates held near 13.4%-14% for two years, signaling buyers have largely adapted to mortgage rates above 6% since late 2022. * Higher inventory versus demand drove more walkaways, with Atlanta showing 70% more sellers than buyers; Jacksonville 74%; San Antonio, Houston above 2x. * San Francisco posted the lowest cancellation rate at 3.9%, supported by tight supply and stronger demand tied to the AI-driven rebound. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260617286949) on June 17, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

Rocket analysis flagged elevated US home contract fallout in May 2026, with 13.6% of pending sales canceled nationwide. * Atlanta led major metros at 18.8% canceled deals; Fort Worth hit 18.1%; Jacksonville reached 17.9% as Sun Belt markets swung toward buyers. * Cancellation rates held near 13.4%-14% for two years, signaling buyers have largely adapted to mortgage rates above 6% since late 2022. * Higher inventory versus demand drove more walkaways, with Atlanta showing 70% more sellers than buyers; Jacksonville 74%; San Antonio, Houston above 2x. * San Francisco posted the lowest cancellation rate at 3.9%, supported by tight supply and stronger demand tied to the AI-driven rebound. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260617286949) on June 17, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)