[quote=scaredycat]another thought — , there may be a bunch of these fha loans out there having originated in 07, 08, 09, 10 etc., with owners looking to sell. qualified buyers with some cash might be able to get good mortgage rates even into a high mortgage rate environment from all these fha mortgages littering the landscape.[/quote]
Exactly. The unknown being just what fraction of those owners will be selling, and when? If the prices go down, more would be trying to sell soon. They may do a short sale though. If the prices go up, they may hold on for longer.
