[quote=sdrealtor]I don’t see how it could be as bad and yes definitely qualifiers as this is a very different situation. Even people buying at what feels like the top of the market put a lot of money down and financed with fully qualified record low interest rates in nearly every case. That is 180° different than last time. The only way we can really crash here is with non-discretionary sellers. The presence of what I just laid out greatly diminishes the amount of those potentially in that category. At this point even in the case of a prolong economic downturn it’s tough to predict how things would roll out here[/quote]

How long until those with locked in record low rates run out? Mid June, roughly? That’s what I’m waiting to see. End of July is the next marker I’m watching for after that.