If we have any significant numbers of foreclosures in the coming one to two years, every one of them removes another potential home purchaser. Not only do foreclosures add supply, they simultaneously diminish demand. Also, demographics are not helping demand. As baby boomers enter retirement with diminished retirement assets, the likelihood of moving to a new home in retirement is less than it was before the crash. New household formation, which has been on the order of 1.2 million to 1.4 million per year (net), is probably going to continue. But not many new households have rushed out to buy a home in the past, and the number will be depressed even further by economic conditions. That will probably not have a significant effect on demand.