There's popular and political pressure (EDIT: maybe mostly up here in Canada) to avoid more rate hakes, but I don't see how central banks -- at least in North America -- can realistically avoid another one. The Bank of Canada did a .25% hike last time and has signalled that it really wanted/wants to keep things flat and stop hikes; but then a jobs report came out last week that showed an unexpected drop in the unemployment rate and 150,000 new jobs added. Similar situation in the US.

Tough situation, it should be interesting how this spring shakes out in the real-estate market.