Yes, but in this environment, I'd probably try to buy something new without selling (but renting out instead). Also, if lots of people are buying and selling,

Yes, but in this environment, I'd probably try to buy something new without selling (but renting out instead). Also, if lots of people are buying and selling, even if aggregate demand is the same, it's a more liquid market. If I'm a first-time homebuyer, I'd rather play in a market of musical chairs then try to buy in a theater where only the dead and divorced get up from their seats.