US Homebuyers Cancel Contracts at Record Pace in July

Imagine you wanted to buy a house, but then changed your mind.

That's what happened a lot in July!

More people canceled their house-buying agreements than ever before.

This is because houses are still expensive, and it costs a lot to borrow money to buy them.

Plus, some people are worried about the economy.

In some places, there are more houses available, so buyers don't feel as rushed.

Some people who bought houses during a busy time are now trying to sell them, but buyers are being more careful.

Basically, it's getting harder to buy a house.