Once people realize they might not be able to sell their house for what they owe they will all scramble to sell while they might still be able to find a sucker to buy. People often buy because the house payment is less than they pay for rent. There are more and more places to rent now increasingly so. Rents are coming down and landlords are seeing vacancies. It will all happen fast and many people won't be able to sell and will become upside down on their mortgages. I clearly see all the signs but I don't work for Alaska Housing nor am I a highly paid economist.