'A lot of cold feet': Homebuyers are backing out of deals at the highest rate on record. Here's what's driving this trend

Pending home sales are on the rise in the U.S., but while high prices and mortgage rates keep some Americans from buying, many others are picking new digs — and then changing their minds. Around 54,000 home purchase agreements fell through in October, or 17.2% of homes that went under contract…

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