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National Association of Realtors
The forecast for housing in 2014: Higher prices, rates
The forecast for housing in 2014: Higher prices, rates

Prepare for a year of more in the real estate industry — more improvement, mostly, but also more expense as mortgage rates, prices and rents rise. Analysts expect a solid 2014 here and nationally, after a year in which the battered housing market got on firmer footing. They predict home values will continue rising and expect to see more choices for home buyers as higher prices pull in more would-be sellers. Moody's Analytics is forecasting an 8 percent rise in average home prices in the Baltimore region this year, compared with a 5.6 percent increase last year. Federal budget cuts weighed on the local housing market last year, but that weight should lift in the latter half...

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