 Why would I buy an old beat-up house when I can buy a brand new one for the same amount of money up the street? So what that did is that kept the existing homes from over-valuating, getting too hot because it was sort of the benchmark that sort of kept things in check. Well, now you see that maybe 5% of new homes are new construction and almost 95% of the market is resale of homes, particularly in this price point.