17% of Mortgaged Homes Have 6%+ Interest Rates

The lock-in effect is starting to ease because Americans are growing accustomed to elevated rates, and for many, it’s not realistic to stay put forever, Redfin said.

Shingles Lose Wind Resistance After 10 Years

Officials said asphalt shingles, common on Florida roofs, begin degrading from the sun and weakening in about 10 years, offering less protection.

New Listings Up Across U.S., Demand Down

The uptick in new listings, along with slow sales, is contributing to a growing pool of supply for homebuyers to choose from, Redfin said.

Owners Pay $24K Annually in Non-Mortgage Costs

A new study also found homeowners spend an average of 6.9 hours weekly on repairs and maintenance, totaling more than 1 year and 83 days over a 30-year mortgage.