Here's an interesting slant on factors that affect the housing market. Remember that one of the golden rules of of real estate is location, location, location.
A fairly new issue affecting the value of the location is the financial stability of the community where the home is located. Politicians have betrayed their constituents to the extent that the city or county is now bankrupt.
We now find that buyers are passing on communities that are over extended deep into the red and are deciding that they don't want to waste their own resources to bail out corrupt politicians. They don't see the in debt communities as a good value. They are buying elsewhere. Take note Reno.