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5 housing trends to watch this spring

Mortgage » 5 Housing Trends To Watch In Spring 2015

Home sales should rise
Home sales should rise

Home sales should rise

Even if rates rise, home sales and home prices will likely increase this spring.

Sales of previously owned homes are expected to rise about 8 percent this year, according to Realtor.com's Smoke. Home prices should continue to increase, too.

"We are forecasting home prices to go up 5 percent," Smoke says, adding that he doesn't expect high rates to deter buyers.

"Part of me believes that maybe a little bit of upward movement in rates can improve things," he says. "It would turn more attention to the purchase market."

New home sales also should rise. The MBA expects a jump of 13 percent in sales in 2015.

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