A big hike in flood insurance rates has forced home buyers to recede from the market in some areas, drastically hampering home sales, according to reports.
Changes in low-end home prices lead changes in the high-end market by six months to a year, according to CoreLogic.
Could the use of the online currency bitcoins become a growing trend in real estate transactions?
Home builders are increasingly optimistic about the single-family home market, particularly over current sales conditions, sales expectations, and prospective buyer traffic.
The majority of housing markets remain affordable to the average family, but rising mortgage rates and rising housing prices are causing more families to have to stretch financially, according to the mortgage giant.