Yep. I was in the IT sector for 20+ years with experience from mainframe to client server including the latest technology. I started in the Real Estate sector several months ago and we are seeing the same thing as the rest of the country is soon to be realized - no jobs - no house.
It will not be long when property values start their downward spiral, just in time for me to get my Real Estate License.
I know alot of techies who went to real estate. Math and science public school teachers, real estate, one guy sells Infinitis now - just some of the jobs they fled to.
Don't worry, the interest only mortgages will keep you afloat. The RE bubble is the only thing holding up the economy right now, and there are so many specualtors making their livings from swapping real estate.