Buyers backed out of deals at a record rate last month
Home purchase cancellations hit an all-time high for the month of December, Redfin found, especially in markets where sellers outnumber buyers by a wide margin.
January 27, 2026
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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