[quote=jpinpb]Begs the question, but what if they HAVE to sell for whatever reason, divorce, job transfer, etc?

Gives new meaning to mortgage slave. [/quote]

Not enough. The people who would normally sell for lifestyle changes and such will not be doing much of that, unforced. Many people who would normally trade up will rent the house they are leaving behind.I am working with a couple like this right now. They would not have held on to the rental in a more average market situation. It’s foreclosures and short sales or drought for a while.