Record High Home Purchase Cancellations in December 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: Newsfilter
- Cancellations Rise: In December 2025, 16.3% of U.S. home purchase agreements were canceled, up from 14.9% a year earlier, indicating that buyers are becoming more selective due to high housing costs and increased inventory.
- Atlanta's Highest Rate: Atlanta recorded the highest cancellation rate at 22.5%, reflecting a significant buyer's market where sellers outnumber buyers, allowing buyers to walk away in search of better options.
- Bay Area Increases: San Jose saw the largest annual increase in cancellations, rising to 8.9%, highlighting market volatility, although overall cancellation rates remain low, with buyers actively negotiating.
- Market Dynamics Shift: Despite rising cancellation rates, declining mortgage rates have eased buyer burdens, and affordability is expected to improve by 2026 as wage growth outpaces housing costs.
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Analyst Views on RKT
Wall Street analysts forecast RKT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RKT is 22.18 USD with a low forecast of 18.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 20.760
Low
18.00
Averages
22.18
High
25.00
Current: 20.760
Low
18.00
Averages
22.18
High
25.00
About RKT
Rocket Companies, Inc. is a fintech platform including mortgage, real estate and personal finance businesses: Rocket Mortgage, Redfin, Mr. Cooper, Rocket Homes, Rocket Close, Rocket Money, and Rocket Loans. The Company's full suite of products empowers its clients across financial wellness, personal loans, home search, mortgage finance, title and closing. Through these businesses, it delivers client solutions leveraging its Rocket platform. It operates in two segments: Direct to Consumer and Partner Network. In the Direct to Consumer segment, clients have the ability to interact with Rocket Mortgage digitally and/or with the Company's mortgage bankers. It provides client service and leverages its brand to strengthen its wholesale relationships, through Rocket Pro, as well as enterprise partnerships, both driving growth in its Partner Network segment. The Company's capabilities span the entirety of homeownership, such as home search, financing, title, closing and servicing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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