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Benzinga
Benzinga
Business
Shomik Sen Bhattacharjee

As Mortgage Rates Near 7%, Record Delistings Surge 47% — Homeowners Trapped Between Price Cuts And The Waiting Game

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A growing number of frustrated sellers are yanking their listings just as climbing borrowing costs threaten to squeeze the housing market even harder.

What Happened: Nationally, 47% more homes came off the market in June than a year earlier, Realtor.com data show, the biggest delisting spike on record. Year‑to‑date withdrawals are up 34%, and active inventory has ballooned 29%, giving buyers little reason to chase pandemic‑era sticker prices.

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