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5 housing trends to watch this spring

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Home sales should rise
Home sales should rise © iStock

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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