00:00Home purchase cancellations surged in December as high prices.
00:05Economic uncertainty and rising inventory continue to influence buyer confidence.
00:10More than 40,000 deals fell through, representing a record 16.3.
00:153% of homes under contract, the highest level since tracking began in 2017.
00:20A growing imbalance between sellers and buyers is giving buyers more leverage to offer.
00:25Walk away in search of better deals, with pending sales already down sharply, closed
00:30home sales early this year are expected to remain weak.
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