SEATTLE-For the first time in nearly two years, homebuyer confidence has begun increasing, residential brokerage Redfin reported this week. By the same token, though, the firm said its survey of homebuyers found that many of them may have unrealistic expectations about mortgage rates.

“With fewer people shopping for homes as the holidays approach, buyers that remain in the market are enjoying greater negotiating power and lower competition than they have seen all year,” says Redfin economist Ellen Haberle. “This confidence boost won’t last long, however. Our survey this month revealed that many buyers hold wildly unrealistic mortgage rate expectations. As rates rise in 2014, many will face a tough adjustment.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.