Consumers will have more time to review the total costs of their mortgage prior to closing.
A home inspection is a seller's chance to show there is nothing to hide in the home.
The study highlighted one big culprit not often discussed-demographics.
"No matter how you crunch the numbers, the outlook for rentals looks strong for the foreseeable future."
Affordability has fallen from one month ago in all regions of the United States, with the West posting the largest drop in the affordability index.
Buyers are getting annoyed at homes that need repairs that sellers refuse to make.
The national percentage of renters who say they plan to buy a home in the next year fell from 12.1 percent to 11.4 percent in the first six months of this year.
The borrower can't owe more than the value of the home.
Seventy percent of respondents say they are most interested in a master-planned community.
The percentage of homes that had been in a negative equity position was reduced by 34.2 percent from last year.
Old carpets, an old chest-type freezer, collectables from decades of a pack-rat existence packed the home to an almost overwhelming level.
The average first-time homebuyer is about 33 with a median income near $54,340,
Owners who have a fair credit score were found to pay 32 percent more for home insurance on average than someone with stellar credit, the study found.
The market will see an influx of buyers with past credit problems who are looking for mortgages.
Some banks are discovering the real estate IRA niche and granting a "non-recourse loan" to the trustee for specific properties.