CoreLogic flags 5 — year high in US homebuying contract cancellations as mortgage rates rise

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%. 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. CoreLogic Inc. published the original content used to generate this news brief on September 24, 2026, and is solely responsible for the information contained therein. (C)