I would assume that most of the buying going on today is done by those who have cash. Based on the number of transactions, there are still a fair number with cash. The problem today is that there are at least 30% less who can buy at current prices because of a lack of enough cash/credit.
The OP question was will the new conforming rates/loans have an impact on NCC. It may have some, but I think it will be limited.
