Amid fluctuating market conditions, home purchases are being canceled at an unprecedented rate, according to the latest data from Redfin. This surge in cancellations is attributed to various factors, including rising mortgage rates and economic uncertainties that are making buyers more hesitant. In July alone, nearly 15% of all homes under contract were called off, marking the highest cancellation rate since Redfin began tracking this data. This trend poses significant implications for the real estate market, affecting both prospective homeowners and realtors, who now face increased unpredictability. With housing affordability becoming a major concern, many potential buyers are pausing their plans, hoping for stabilization in the near future. Economists suggest this could lead to a temporary cooling off period in the housing sector. Real estate agents are advised to manage expectations and guide buyers through these challenging times with updated market insights.
LiveNOW from FOXNew data shows 151,000 Students from First CBE Cohort Fail to Finish Junior School
May 5, 2026
Alarm has been raised as fresh data from the Kenya National Examinations Council (KNEC) reveals that over 151,000 students from the first Competency-Based Education (CBE)