^ This shouldn't be a surprise to anyone here. The local real estate market follows its own logic and this is probably the 4th time this has happened in the history of this forum. The high end is going to tank and it is going to be hard to sell at any price point. As long as you didn't get cocky and you covered your ass, you will be fine; this is just a bump in the road. If you bought with a plan to be here for the long haul, you put 20% down to avoid PMI, and if you can cover the note on one income, then you will be fine. Otherwise, you're fucked