You may have read in recent news headlines that home buyers are cancelling their contracts to buy homes left and right.  Here is one such news story...

Homebuyers are backing out of more deals as high mortgage rates persist and recession fears linger (CNBC)

This would cause plenty of people in our local area whether this is also happening locally.

Are home buyers walking away from contracts in Harrisonburg?

I'm going to say, anecdotally, a strong NO.  That phenomenon does not seem to be happening in any significant way in the Harrisonburg and Rockingham County real estate market.

Buyers generally seem to know what their mortgage interest rate is going to be before they make an offer (via a conversation with their lender) and are then locking in their interest rate once they are under contract.

So, should sellers now wonder if their buyer will really make it to closing or if they might decide to back out of the deal?  That does not seem to be a concern a buyer needs to have any more than at other times in the past 10+ years... at least in Harrisonburg and Rockingham County.