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With the end of 2014 getting closer and closer, what might the real estate market in 2015 look like.

The Home Buying Institute offered their 5 predictions for 2015.
1) Home Values will keep rising but gradually
2) Double digit gains limited to California and the Southwest
3) Mortgage rates below 5% for the next year
*but rates might rise by ~0.7% and be at or around 5% by the 4th Quarter of 2015
4) Foreclosure inventory will decline sharply
5) Mortgage loans will be easier to obtain

For the full article: http://www.homebuyinginstitute.com/news/housing-predictions-and-trends-572/

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