I think that it’ll be tough psychologically, and unless they are forced to sell due to divorce, death, job, etc., they probably won’t sell. But because of this psychological barrier, won’t most of the sales outside of foreclosures and short sales be from desperate sellers?
What do you think? If you look ahead a few years, where do you see the sales coming from? Buying a foreclosure directly doesn’t look like a good option, so who will we be buying from?