No doubt Loudoun's growth was phenomenal, but as your article says, 11,935 homes sold in 2004, right now there are 2332 listings. Check it out in
http://www.homesdatabase.com/ There is no way all those $800k - $1m tract mansions are going to sell to 2300 suckers. The tide has turned, there are now more speculators selling than speculators buying and the number of immigrants and tradeups isn't going to keep up. I could be wrong (Gspan lowers interest rates to zero or something like that), but I doubt it.