Mortgage expert Debbie Bloyd explains that even as interest rates rise, housing sales will remain high since there is just not enough supply to satisfy demand. Real rates are still extremely negative, over 10 percent and this just adds to the number of people seeking new homes. While the marginal buyer may be priced out of the market, there are still plenty of institutional cash buyers chasing a limited number of homes. Which means that for now, the real estate market, at least in hot markets, shows no signs of cooling down.