Houston in Recession? Graphs! Appreciation plummets. Austin good

[J. Martin]

Is anyone changing strategy in Houston? Still buying? Waiting until unemployment peaks, then starts improving, to get the biggest gains..?

- The unemployment rate is shooting up in Houston. Looks similar to the last 3 marked recessions. 
- Home price appreciation plummeted.
- Austin is kicking Houston's ***. (full details in link in signature)

And home price appreciation followed, decelerating dramatically from double digits to low single digits and dropping..

Compare that to the trajectory of the unemployment rate in Austin (given, different cash flow calc here..)

But look at the stark contrast between the appreciation rate in Austin vs Houston, and the trajectory of those changes in prices..

Personally, I'd rather be buying after unemployment has hit its worst, then starts improving.. but that's just me..

What do you think about the correlation here..? Good time to jump in..?