Is there a direct relationship between the U.S. Real Estate market and the strength of the Dollar?

I'm new to real estate, and am thinking of getting into it more, but I still don't have any formal background. I was wondering if there's a well known direct relationship between real estate prices (both residential and commercial) and the strenght of the dollar versus foreign currency. It would seem that as the dollar weakens, property values should rise. A weakening dollar basically causes inflation relative to other currencies. In order to keep the real value of property in the US steady (it should vary independently from US currency), housing prices should rise (in dollars). Is my thinking above true? Or do many of the same factors that affect the dollar on a global basis also get applied to investment in US property? Anyone with real estate or macroeconomic experience have knowledge about this? I'll definitely vote and give points for the best answer, and sources or qualifications are appreciated.