Mortgage rates have trended downwards after the recent activity in Europe and the recent upward trend.  Slightly more homes were sold in February and as the weather warms real estate sales in general should pickup.  Real estate still faces a lot of headwinds from high inflation rates, the Federal Reserve intent on raising rates, and a declining stock market. 

Is 4% The Rate That Breaks Reat Estate's Back? - In the past it took much higher rates to cause a drop in demand from buyers.  This time around 4% may be that rate that slows things down.