“Over the last few weeks winter storms have disrupted the housing market, and mortgage rates have risen sharply,” said Redfin Chief Economist Daryl Fairweather. “Although pending sales and new listings have taken a small hit in the last couple of weeks, home price gains are showing no signs of slowing down. However, It’s too early to tell what the impact of these changes will be to the spring housing market. The effects of the storms should be temporary, but higher mortgage rates could make some buyers less willing to bid up home prices.”
