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Two-Thirds Of Active Home Buyers Expect Home Prices to Rise in next 12 months

Home Prices to RiseHome prices are expected to rise in the next 12 months by over two-thirds (68 percent) of people that say they are considering buying a home in the coming year, according to a LendingTree survey.

First-time home buyers dominate the market with fifty-seven percent (57%) of the survey respondents being first-time buyers.  .

“The housing market is stabilizing and financing is becoming more available for potential home buyers,” said Doug Lebda, founder and CEO of LendingTree.com. ”Increasing home prices are providing would-be sellers with the confidence needed to take action, while rising interest rates are placing a sense of urgency on potential home buyers. Together this creates a unique window of opportunity for buyers and sellers to take advantage of the market while home prices and rates are still reasonably affordable.”