(CNN)– The housing market is facing a new threat with potential homebuyers backing out of deals at near record levels. The latest report from real estate platform Redfin shows that more than 14% of homes under contract in September were cancelled. That’s the highest rate of cancellations sinc e the start of the pandemic in 2020. Jacksonville, Florida, had the highest percentage of cancellations at nearly 20%, followed by Tampa, Las Vegas, San Antonio and Phoenix. Categories: News Tags: first time homebuyer, homebuyers, U.S. economy ...read more read less