Housing demand still high even with the epic snowstorm

The housing demand is indeed showing surprising resilience as we start February 2026. Despite a recent major snowstorm across large regions of the U.S., early indicators show that demand is not just holding steady but actively growing.

Here is a breakdown of the current data:

Defying the Weather: While typical weather disruptions usually dampen real estate activity, housing data remained mostly positive this week. Analysts suggest that buyers are looking past temporary environmental factors to capitalize on a more stable rate environment.
Mortgage Rates Holding Near 6%: As of February 2, 2026, the national average for a 30-year fixed-rate mortgage is approximately 6.16%. This follows a January pause by the Federal Reserve, which kept the federal-funds rate at 3.5% to 3.75%, providing a predictable baseline for lenders.
18% Surge in Applications: Purchase applications have jumped 18% year-over-year. This significant uptick indicates that many sidelined buyers have re-entered the market, likely encouraged by rates that are nearly 0.8% to 1.0% lower than they were during the same period in 2025.
Market Sentiment: Leading analysts, note that demand strengthens significantly when rates approach the 6% threshold, a trend that appears to be holding firm for the first time in several years.

Boston Condos for Sale and the Bottom Line

Are you looking to buy, or just in the searching stages? Visit Ford Realty or Bostonreb.com websites for the most updated information of the current Boston condo for sale market.

Peace be with you

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