Redfin ceo Glenn Kelman says that, in response to rising mortgage rates, home buyers already in the market remain engaged, but new buyers may be stepping back. This opinion flies in the face of a couple of assertions posted below, i.e. "Why interest rates may be wrongly accused of derailing housing's recovery."
Two questions: a) will rising rates check rising prices? and b) will mojo continue because prices still have a way to go--25% or more--before they reach their 2008 former highpoint? Kelman's post is in the Wall Street Journal, a paid-subscription site. Read Kelman's WSJ post.