Not in Austin, TX. It's sellers market, with bids over asking, tons of construction, etc. never had much of a bubble or weak economy. People be moving here in droves. Where they came from might have surplus, but not here.
I was in Austin a couple of weeks ago, and it was jarring compared to when I used to live there (in the late 1990s.) Someone told me that 110 people move to Austin every day, now. It's the fastest growing city in the country, and it's an anomaly within an anomaly (Texas had its housing bubble and crash long before everyone else did.)
My cousin has lived in Austin a long time. She's a traditional "country" girl, coming from the smallish country city I came from in North Texas, and is typically conservative. She told me that it's ironic that in the state capitol you can almost see Texas.
Same in Houston. I just sold some property, and I got a full-price offer the day it was put on the market, before the pictures were even up. Another guy in my office got ~10 offers in a week, including some all-cash offers, for a ordinary, slightly-run-down house in a suburban area here. Everyone I've spoken to in the real estate market here this year has some story about how hot the market is right now.
