pid=2114Houston Real Estate Highlights in August, 2024:• Single-family home sales declined 8.3 percent year-over-year• Days on Market (DOM) for single-family homes went from 43 to 47 days• Total property sales were down 11.2 percent with 8,730 units sold• Total dollar volume declined 8.8 percent to $3.5 billion• The single-family median price was down 0.3 percent to $336,940• The single-family average price rose 0.9 percent to $421,912• Single-family home months of inventory registered a 4.5-months supply, up from 3.2 months last August• Townhome/condominium sales continued to decline, falling 16.7 percent, with the median price statistically flat at $226,000 and the average price declined 1.2 percent to $258,952.

For the next 3-5 years, single income household here (wife staying home with kid(s)). 

Florida condominium associations are currently navigating significant challenges due to recent legislative changes and rising insurance costs.

Between cash, and credit availability I can get $15k to fund something without impacting my household income.

These people who lived in the house hold used and took full advantage of my father and even tried filing his taxes to receive benefits for their own selfish greed.

I’m a real estate pro so material participation isn’t an issue, but the majority of my clients are in the $300k-$900k/yr gross household income range and so using STRs is not only the best way to get great ROI on real estate nowadays but the tax benefits are the primary driver for most including myself.  

Let's just look at the hard numbers:Unemployment: Was 6.3% when Trump left office and is now 4.2% Consumer Price Index: Was up 1.4% in 2020 and is now up 2.5%  Median Household Income: Rose 4% during Biden and FELL 2.9% during Trump.

@Natalie Johnstone There's no perfect answer, but the general indicators are the simple ones - population growth, median household income growth, businesses moving to the area. 

(i do think that household formation will slow way down in the late 2030s. 

The lot would be great for a condominium but I don't know where to start looking for a multi unit / commercial builder.