Uncertainty in the Market: Homebuyers Backing Out Just Before Closing

April 27, 2025 - 23:02

A few weeks ago, Los Angeles real estate agent Scott Price received a call that has only occurred once before in his two-decade-long career: a buyer was backing out just two days before closing. This unexpected turn of events highlights the growing uncertainty in the housing market, influenced by rising tariffs and increased stock market volatility.

As the spring home shopping season unfolds, potential buyers are feeling the pressure of economic fluctuations. Many are hesitant to commit to significant purchases, fearing that ongoing market instability could affect their investments. The combination of escalating tariffs on materials and unpredictable stock market performance is creating a cloud of doubt for both buyers and sellers.

Real estate professionals are witnessing a shift in buyer sentiment, as individuals weigh their options more cautiously. This trend may lead to a slowdown in transactions as buyers opt for a wait-and-see approach, impacting the overall dynamics of the housing market in the coming months.