Jr, 2007 was a better time for sure when it comes to houseing markets. A great source for economic and housing information in Texas is the Real Estate Center at Texas A & M University. They have a great website at http://(www.recenter.tamu.edu
) there are many reports, forecasts and trends that might help you with this. They also have some national information if you are living in a different area than Texas. Hope this helps you, there are no cut and dry answers to why our economy does what it does. After 30 years in this industry I do know that change comes both good and bad, but real estate is still the best investment you can make in any economic trend.