Dallas/Fort Worth - Top of the Market Indicator?

[Mark S.]

For the first time ever I received a yellow post card and a letter from different investors willing to buy my primary residence in Dallas, as is, for all cash (these mailings were received within 2 days of each other). A few weeks ago I received a post card from an investor wanting to buy my rental property.

I know the Dallas market is on fire but if these offers aren't top of the market indicators I'm not sure what are.

It kind of reminds me of the "flip this house" TV shows in 2006 and "We Buy Gold" commercials when gold hit $1,900/oz in 2011. 

[Doug Johnson]

The DFW prices will continue to grow thru next summer as demand increases. Then the builders will catch up and prices will stabilize. That is all good,  but builders don't want to stop part way thru a development, so they keep building and lowering prices to keep selling. Then prices slide and everyone chases the prices down trying to get their stuff sold first. The markets all drop and the bubble is pops.