A Las Vegas housing development.
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- US housing supply rose a record 14% in July, according to data from Redfin.
- A record number of buyers backed out of purchase deals in July due to high costs and economic worries.
- Still, home prices are just 0.7% below a record high.
Homebuyers in the US are getting cold feet as prices remain elevated, backing out of deals at a record rate and pushing up the supply of available homes.
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