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Prospective homebuyers want to know when home price growth will slow down, whether mortgage rates will continue their upward climb and what they need to know if they’re in the market to buy a house now.
Economists and real estate pros weighed in on what they think will happen in the housing market this year. Mortgage rates could continue to rise but if job growth is too strong, it could spark a new uptick in mortgage rates in anticipation of bigger Fed action. And because of a housing shortage, home prices will continue to rise in the following months but not as fast as they did in previous months.
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