All else being equal, lower mortgage rates reduce the cost of ownership and, thereby, allow more people to afford to buy.

Pricing in DFW probably means you wont live rent free,and will have to pay your fair share of normal rent, but you also get 3 more people contributing to your loan paydown and you get to keep the appreciation.Buy hey...maybe I'm wrong....go talk to a local bank or credit union near where you live and get a term sheet from them for financing. 

Would appreciate any comment from people with experience. thanks. 

My 2 cents is prices are crazy inflated right now, but believe it or not I think it will continue because of continued demand pressure for the area from people fleeing higher cost of living areas and moving there, with access to 87/17.

I've heard more than a few horror stories about people who lost everything doing just that. 

People's brains will explode.

Let people know you’re buying when you get ready to buy.

I went back to Memphis last year for the first time in six years to find all is as advertised with very minor exceptions.We have picture inspections done every four months, cost $75, because I'm a trust but verify guy.Good people, good service.   

Plenty of people are happy they took those kinds of risks.

Florida should be busy currently with people staying in the Winter to get away from the cold & snow.