The pictures indicate that the airplane crashed near the intersection of Fonzie Avenue and Cross Street, which Google maps notes as being the literal edge of the development there.
I was surprised that any pilot would eject 'close' to homes, but from the looks of it he tried to eject away from the homes. Thankfully, no one was hurt.
Einstein said two things were infinite; the universe, and stupidity. He wasn't sure about the first, but he was certain about the second.