Redfin Survey: Homebuyers Face Rising Mortgage Rates Head On
Just 5% would scrap their plans to buy if rates rose above 5%
Rachel is the editor-in-chief of Redfin News. Now based in Rochester, NY, Rachel joined Redfin in 2010 as a real estate agent in Washington, D.C. and joined the company’s communications team in 2011.
Just 5% would scrap their plans to buy if rates rose above 5%

Cash is king, but a personal letter to the seller increases a competitive offer’s chance of being accepted by 52%.

“In this market, homebuyers have to move fast, yet high prices and low inventory are slowing down even the most earnest of house hunters,” said Redfin chief economist Nela Richardson.

In May 2017, Redfin commissioned a survey of 3,350 U.S. residents in 11 metropolitan areas who in the past year bought or sold a home, attempted to do so or plan to do so soon.
Over the past week, we’ve been analyzing our website and customer activity data to see if the election has had any immediate effect on homebuyer

Less than a year after its launch, an update has been made to the algorithm behind the Redfin Estimate, making the automated home-value estimate significantly more accurate.
Just 5% would scrap their plans to buy if rates rose above 5%

Cash is king, but a personal letter to the seller increases a competitive offer’s chance of being accepted by 52%.

“In this market, homebuyers have to move fast, yet high prices and low inventory are slowing down even the most earnest of house hunters,” said Redfin chief economist Nela Richardson.

In May 2017, Redfin commissioned a survey of 3,350 U.S. residents in 11 metropolitan areas who in the past year bought or sold a home, attempted to do so or plan to do so soon.
Over the past week, we’ve been analyzing our website and customer activity data to see if the election has had any immediate effect on homebuyer

Less than a year after its launch, an update has been made to the algorithm behind the Redfin Estimate, making the automated home-value estimate significantly more accurate.