Homebuyers Will Look for Less Expensive Homes if Mortgage Rates Reach 5 Percent, Redfin Agents Report
Regan Hagestad
January 10, 2017
Home prices were up almost 8 percent in November compared with the previous year, inventory has declined and mortgage rates have started to rise. Despite rising rates and falling inventory, however, Redfin agents report homebuyers still are optimistic. In a recent survey of more than 800 Redfin real estate agents across the country, respondents were asked to describe the general
