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5 housing trends for spring

Mortgage » 5 Housing Trends Spring 2014

Temperatures aren't the only things rising
Temperatures aren't the only things rising © rSnapshotPhotos/Shutterstock.com

This spring homebuying season looks promising, despite rising interest rates and home prices.

As the weather warms up, more sellers and buyers are expected to hit the market. While homes remain affordable and this is still a good time to buy, the limited inventory of homes for sale will continue to put upward pressure on home prices.

That pressure may steer some buyers away from the traditional 30-year mortgage and lure them into riskier loans with more attractive rates.

Homeowners who have been watching their equity grow with prices will be tempted to cash out some of that equity this spring.

And those who received government-sponsored home loan modifications a few years ago may be hit with an unpleasant surprise.

Here are some of the housing trends you should expect to see this spring.

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