It's supposed to be the busiest time of the year for real estate — but instead, it's crickets. Daryl Fairweather, chief economist at Redfin, told the New York Times that buyers are staying on the sidelines. Related: Barbara Corcoran Says the Best Entrepreneurs Are Good at This One Thing"What it really comes down to, as always, is affordability," Fairweather told the outlet. Of the contract cancellations, Jacksonville, Florida, had the most, with more than one in five (21.4%) of home-purchase agreements canceled in June, per Redfin data. Join top CEOs, founders, and operators at the Level Up conference to unlock strategies for scaling your business, boosting revenue, and building sustainable success.