(-56%),

Why 56,000 Home Sales Just Vanished Overnight

In April 2025, 56,000 home deals collapsed—making it the second-highest April cancellation rate on record, according to Redfin. That’s 1 in 7 pending home sales gone. What’s driving this sudden spike in cancellations? Economic fear. Sky-high mortgage rates. Sticker shock. And way too much inventory in places like Florida and Texas.

Oil plummets to $56. Deflation is here. Consumers are seeing some significant improvement?

Oil plummets to $56. Deflation is here. Once $60 is broken a bunch of things begin. Production starts going offline since it becomes unprofitable, leading to layoffs. You'd think that would be bullish or support the price, but it has the opposite effect due to growth concerns. https://t.co/w1egAvg2f2 pic.twitter.com/7eC0zIY1jl — Financelot (@FinanceLancelot) May 4, 2025 …

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