Home sales are falling through at the highest rate in years, as record prices, elevated mortgage rates and economic uncertainty lead more buyers to walk away.

More than 15 percent of home purchases fell through last month, the highest July rate in records dating back to 2017, according to a new Redfin analysis.

Those failed sales amounted to roughly 58,000 canceled U.S. home purchase agreements last month, equal to about 15.3........

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