This is the seventh in a series of annual reports about housing in the Washington metropolitan region. It assembles and analyzes the most current data on housing conditions in the District of Columbia and the surrounding suburbs. This year's report focuses on the impact of the foreclosure crisis on the region, examining the level and trends of foreclosures, outlining potential secondary effects for families and neighborhoods, and looking towards the future of the region's housing market. It concludes with policy implications in four areas: foreclosure prevention, neighborhood stabilization, recovery assistance for displaced households, and services for children in foreclosed homes.