A new analysis by online brokerage Redfin has revealed that over 42,000 purchase agreements were canceled in February, a record high of 13.7% of homes sold. This is the highest share ever recorded for February. The increase attributed to increased economic uncertainty and rising mortgage rates. The South is the most affected by cancellations, with Tampa topping the list at 18%, followed by San Antonio, Texas, and Atlanta, both at 17.9%, Jacksonville, Florida, and Fort Worth, Texas. The share of canceled deals in San Francisco was at just 3.7%, the lowest among the 50 most populous U.S. metropolitan areas.