BiggerPockets Daily New Housing Survey Reveals Key Motivations For Sellers, Bad News For Agents, and More
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Aug 6, 2025 Homeowners are increasingly adapting to higher mortgage rates and embracing digital tools for buying and selling. A recent survey reveals changing attitudes towards these rates and home prices, with many willing to accept 6% rates. There's a noticeable rise in tech-savvy buyers creating their own offers, challenging traditional agent roles. The discussion highlights how these shifts impact the market and spark new trends, leading to questions about agent compensation in an evolving real estate landscape.
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Growing Acceptance of 6% Rates
- Homeowners are increasingly willing to accept higher mortgage rates, with 52% ready to accept up to 6% in Q3 2025.
- This shift shows the lock-in effect easing as people adjust to a new normal of higher rates.
Expectation of Price Stability
- Most homeowners expect home prices to stay flat or decline slightly, with only 16% predicting a drop over 4%.
- This indicates a belief in market cooling rather than a major correction.
Digital Tools Reshape Home Buying
- 73% of homeowners found their last home themselves, showing a shift towards digital-first buying.
- 81% are likely to use digital tools to draft offers, signaling a major impact on traditional agent roles.