One in five home-purchase agreements fell through in Atlanta, Georgia, in May 2026. That’s the highest cancellation rate among the 50 most-populous US metros, according to new data from Redfin, the real estate brokerage powered by Rocket. The findings mark the latest signal that pandemic-era Sun Belt hotspots have swung sharply in buyers’ favor, creating real challenges for mortgage professionals working to close deals across the region. Nationally, 13.6% of home-sale agreements fell through in May, based on Redfin’s analysis of seasonally adjusted MLS pending-sales data. That share has held flat for four consecutive months, a sign that the market has reached a fragile equilibrium rather than continuing to deteriorate. – Sun Belt metros see widest buyer surpluses – The data is starkest across the South and Texas. Atlanta posted a cancellation rate of 18.8% in May, followed by Fort Worth, TX (18.1%), Jacksonville, FL (17.9%), San Antonio, TX (17.8%), and Orlando, FL (17.7%). Texas accounted for four of the 10 metros with the highest fallout rates; Florida accounted for three. The driver is supply imbalance. According to Redfin, Atlanta carries 70% more home sellers than buyers. In Fort Worth, the surplus is 61%; in Jacksonville, 74%. In San Antonio and Houston, sellers outnumber buyers by more than two to one. “Sellers need to pay attention and price realistically, because the market is leaning toward buyers,” said Connie Durnal, a Redfin Premier agent in Dallas...Read more