@Bob E. Since we are talking about recession, I wanted to offer my two cents or at least get some input. I think one of the things with the DFW housing market you have to take into account is who is moving into it. Most of the people coming into the area are from California or the East Coast. Granted prices have greatly increased in DFW over the last ten years but we are still well below the averages of people from these two areas. When I talk to transplants moving into Texas they are amazed at how cheap it is. Personally I think the fact that Texas is still cheaper than California and the East Coast should help to allow property values to rise in the Metroplex. At least until some level of equilibrium is reached with where people are moving from.... At the end of the day real estate tends to be so localized it is hard to make overarching assumptions.
I do agree though in the broader scheme the problems with the European economy and the Feds reluctance to increase interest rates do not bode well for the macro economy
The price increases do make it tough on investors who want to cash flow on rentals, but it does seem the rents are increasing along with the home values, just a little more slowly.
@Zack Niemeyer
