Thanks Kevin...the whole housing market has not been a pretty sight for the last 3 to 4 years with appreciation in double digits. I cannot afford to buy my own home today. I worry about the people trying to provide our much needed services that can't afford to live here. Many live in West Virginia and have to commute 60 miles. I believe there will be a collision in the market in the next 3 to 5 years because of all the "no money down" - "interest only" loans coming due. And that will not be pretty.

A slowing market is a wondeful thing. It is a very ''pretty sight.'' The past five years have made some people very wealthy and left many good, hard-working people unable to buy a house. I grew up in Loudoun County in the 1980's and 90's and hoped to one day return. I won't and can't. What has happened to the county is disgusting. How on earth does a median house price of 560,000 make it a buyers market? For who? The millions of Americans who are buried under mortgages they can't afford? Or for the rest of Americans who work hard but can barely afford to rent, much less buy a house? The past five years have warped the thinking of many in real estate. My wife and I both hold masters degrees and will never be able to live and raise a family in Loudoun County. I enjoy your blog for its information, but please remember that some who read it dream of the day when housing prices return to affordable.