Credit Scores and Reporting
Housing analysts blame the drop on tight credit conditions, constrained inventories of for-sale homes, and the rising number of single-family rental homes.
As banks seek options to help delinquent home owners, some lenders are eyeing deeds in lieu of foreclosure as the answer.
Qualifying for a mortgage has been viewed as a major obstacle for the housing recovery, but recent data shows lenders may finally be easing up.
Student loans are keeping more potential home buyers from qualifying for a mortgage.
Many potential buyers, including young professionals, can't get financing, are left out of the housing recovery, says the Obama administration.
Quite possibly, according to recent data released by mortgage industry solutions provider Ellie Mae.
These "boomerang buyers" could make up a large number of future home sales, considering that 4.8 million borrowers have lost their home to foreclosure since the housing crash.
Lending standards are tight everywhere, but in some states, the odds may be stacked against you even more.
The number of eligible home buyers who will have had a foreclosure on their record will reach 1.5 million by the first quarter of 2014.