Housing boom about to end?

[Flavio Zanetti]

Interesting analysis by this economist professor on the Dallas Fort Worth market: 

As we have seen before Texas has lead the way on both the burst as well as the boom from the last decade. 

Thoughts?

[Chris Mason]

Also the fed:

Effective immediately, you can buy a $1m house in Los Angeles, Oakland, San Francisco, etc, with bruised credit and only 5% down! Backed by the tax payer!!!