Homebuyers are walking away from the market in large numbers, but most sellers aren’t budging

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Pending sales were down 10.5% year-over-year for October and new listings were down 7.5% over the same period. (Photo by Michael Yanow/NurPhoto via Getty Images)

Homebuyers are retreating from the real estate market as housing affordability concerns mount, while most sellers hold firm on prices.

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