There is no lack of buyers, but there is government interference.

There is no chance, no destiny, no fate that can hinder or control the firm resolve of a determined soul.  Shared by Peter Wahiri, authored by Ella Wheeler Wilcox
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In a survey of successful homebuyers, the National Association of Realtors found that 14% of respondents were multi-generational households where adult children, parents and/or grandparents pooled their resources to purchase a home. It marks the first time NAR has posed this question in its annual survey. 
The NAR survey does not tell how many of these multi-generational buyers obtained a mortgage. However, nearly nine of ten buyers in the survey financed their purchase over 12 months ending in June 2013. So a good percentage of multi-generational homebuyers must have obtained mortgage financing.
-- Brian Collins in Orgination News
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Shared by Uros Kralj, originally shared by Mohammed Masoumi
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Nat'l Real Estate Post:
What is the refundable MI?  (I don't know, but make sure your lender does.)  The borrower can choose the 3 yr or the 5yr refundable MI.  The CFPB, however, says it can and will go after any violations of the 3% cap rule and the refundable MI needs to be calculated in the equation.  (Things were so much simpler before the various administrations started monkeying with the housing market.  I tweeted this so that you can see the original wording. Still confusing.)
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Shared by Uros Kralj
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