In 2013, let’s say there were 100 families who could qualify to buy a $150,000 home in your town.
In 2014, that number will be reduced to only 80 families because of the new lending regulations with Dodd -Frank. rules.
a 20% drop is significant! When you combine that with higher interest rates in 2014, it will reduce the number of qualified buyers to even less.
Moral of the story… selling to retail buyers will be much harder in 2014
http://www.dsnews.com/articles/index/commentary-whats-in-store-for-housing-2014-part-2-2013-12-27