Home sales under contract posted a slight year-over-year gain in July, rising 0.7% from the same period last year, though edging down 0.4% compared to June, according to the National Association of Realtors (NAR).

The breakdown shows mixed regional activity: pending sales declined in the Northeast and West, but increased in the Midwest and South. While improved affordability conditions gave buyers a little more purchasing power, many still hesitated to commit to contracts.

NAR’s chief economist, Lawrence Yun, noted that the Federal Reserve’s potential move toward lower interest rates could “enlarge the pool of eligible home buyers in the upcoming months.”

Yet, even with mortgage rates improving slightly, many contracts are not sticking—Redfin data revealed 15% of purchase agreements were canceled in July, a jump from 14.5% a year earlier.

👉 This is where InterCapital Funding steps in. For real estate investors navigating uncertain markets and unpredictable contract fallout, InterCapital specializes in creative financing solutions that banks often can’t provide. Whether you’re investing in a fix-and-flip, multifamily, or need bridge financing to keep your deal alive, we’re the “bank for the unbankable.”

Don’t let a canceled contract or buyer hesitation derail your investment plans.

📞 Call InterCapital Funding today at 248-955-1234 or visit www.icfundings.org to secure funding that works for you.