There will also always be a segment of the tenant population who want to live in in-demand areas but prefer houses vs apartment complexes.

In the market segment I'm in though eventually I'll probably eventually have or inherit a subsidized tenant whether it be Sec8 or some other program.I'm sure that other WA people would be interested in more specifics around your experience with the program.   

Buried in the report is this little table:Broken out by housing segment, December sales performed as follows:$1 - $99,999: decreased 15.7 percent$100,000 - $149,999: decreased 20.2 percent$150,000 - $249,999: increased 13.2 percent$250,000 - $499,999: increased 44.6 percent$500,000 - $749,999: increased 80.8 percent$750,000 and above: increased 54.0 percentSo homes at the low end of the market saw a *decrease* in the number of homes sold. 

Hedge funds quietly entering this segment of the market is the most under-appreciated trend in real estate.  

On the nightly news here they have segments all the time about how local Idahoans are not able to afford to buy a home here anymore.

Buyer demand was in the High category in all market segments except lower-priced single-family homes where demand remained in the Limited category.

It is a growing/changing segment that we may see standards develop, but today, if you are making an acquisition, you're going to have it priced based on those factors. 

The market in most segments is extremely hot and the best thing you can possibly do right now is sell every rental property you own and turn it into cash.

If the housing demand was in a particular segment, I'd be more concerned as economic factors would impact it more.

A little bit of cooling in some segments of the market with buyer activity but prices are not dipping.