Hi Team, I apologize, but we will have to cancel our 10:00 AM Real Momentum CRM and Tech Optimization meeting due to a family emergency. If any of you have questions, please feel free to reply to this message, and one of my staff members can give you a call. I appreciate your understanding. Best, Ophir Adar CEO, Real Momentum

Sellers are taking their homes off the market in droves, putting upward pressure on housing prices and cooling off an already-chilly market, some analysts told ABC News. Nearly 5% of home listings were taken off the market in May, the highest share of delistings in the month of May since Realtor.com began collecting data in 2022, according to a report shared with ABC News. "The consistent upward drift over four consecutive Mays underscores a shift in seller behavior nationally," Realtor.com said. Hiring blows past expectations, accelerating in May despite Iran war In recent months, a double-whammy of increased prices and high mortgage rates has put homes out of reach for many buyers, prompting sellers to de-list their homes in the absence of purchasers, some analysts told ABC News. Heightened economic uncertainty amid the Iran war has also paralyzed some buyers disenchanted by elevated consumer prices and a murky path forward for mortgage rates, they added. It's another reason why sellers have opted to wait for a friendlier market. "This is re-freezing the housing market," Susan Wachter, a professor of real estate at University of Pennsylvania's Wharton School of Business, told ABC News. "It's a standoff between buyers and sellers." The housing market hit a snag four years ago when a pandemic-era buying spree cooled as rising mortgage rates shut out homebuyers. At the outset this year, however, glimmers of hope appeared to emerge. In February, the average interest rate on a 30-year fixed mortgage fell to its lowest level in nearly four years. A measure of housing affordability issued by the National Association of Realtors, meanwhile, indicated the best market for homebuyers since 2022.