Fannie Mae is doing away with its minimum credit score of 620, and many sellers haven't gotten the memo that it's no longer a seller's market.

Existing home sales rose 1.5% to a seasonally adjusted annual rate of 4.06 million units, the highest level since February.

Data reveals a disconnect in the housing market. 73% of buyers believe it's a bad time to buy, while 57% of sellers believe it's a good time to sell.