Zillow President Susan Daimler told CNBC on Friday that the housing market remains hot, despite the drop in pending home sales in the month of February.
The National Association of Realtors reported that signed contracts on existing homes declined more than 10% that month from January.
Daimler said it was just a blip rather than a trend, attributing the decrease to a persistent housing shortage and bad weather that rocked the country that month.
“All the indicators that we see say that this housing market … [continues] to be hot, and there are a lot of reasons for that,” she said in an interview on “Closing Bell.”
“What we know is that moving is on a lot of people’s minds, and we’re…