Conversations with recent buyers suggest that many have thought deeply about it.

Many investors, eager to get in on the ride, have been recent buyers.

Thus, recent buyers who now have to sell may have to accept losses.

In many cases, he said, recent buyers are "looking for any method to break signed contracts."

Some recent buyers are tearing down older homes to rebuild.

"And they can edge out more recent buyers who cannot do this because they have huge mortgages to cover."

One of her recent buyers is a British interior designer, who already owns several other homes.

And if today's sellers are recent buyers, he added, the anger is likely to be sharper.

It would be nice if they offered at least a discount for recent buyers of a product they just killed off.

"The document assembly process is extraordinary," said one recent buyer, who did not want to be identified.