A late-2017 Redfin-commissioned survey of more than 4,000 people revealed that only 6% of homebuyers said they would cancel their plans if mortgage rates surpassed 5%, among other key findings.
Stock market gains and soaring investor confidence set the stage for high demand for luxury homes as 2017 came to a close. Luxury home prices rose 7.4 percent year over year to an average of $1.76M.