https://www.har.com/content/newsroom/Houston Real Estate Highlights in May: Single-family home sales rose 1.0 percent year-over-year, with 8,157 units sold, the second largest one-month sales volume of all time;Days on Market (DOM) for single-family homes increased slightly from 51 to 52 days;Total property sales edged up 0.6 percent with 9,721 units sold; Total dollar volume increased 2.0 percent to $2.8 billion;The single-family home median price rose 3.4 percent to $243,000, which represents an all-time high;The single-family home average price increased 1.3 percent to a record high of $305,511;Single-family homes months of inventory was flat at a 4.0-months supply, the highest level since last August and equal to the national inventory level;Townhome/condominium sales fell 6.4 percent, with the average price up 2.5 percent to $213,912 and the median price up 3.0 percent to $170,000;Leases of single-family homes declined 1.8 percent with the average rent up 3.7 percent to $1,845;Volume of townhome/condominium leases dropped 22.6 percent with the average rent up 1.0 percent to $1,580.

I’ve lived in Korea twice for a total of almost six years, taught English as a Second Language, served in the Marines as a Supply Administration Clerk, and had a whole mess of odd/dirty jobs in the States and Canada.

Strong demand with limited housing supply has driven Austin real estate prices to historic heights.

Here’s my dilemma, a buddy of mine has offered to partner up on this deal, and supply the down payment.

There are more than enough higher end homes being built, but the stuff that's affordable to the average family is in very short supply and in extremely high demand. 

I’ve also been in touch with a company called Maintence supply headquarters, that provided me a very reasonable turnkey materials quote for each unit that included everything from door hinges to full appliance package.

My immediate initial goal, similar to many others on the forums, was to purchase a multifamily in the area and house hack but it unfortunately seems that the supply & demand in the D.C. / Northern Virginia market is way too saturated to make that strategy worthwhile.

I've even supplied large thick (3 mil) contractor bags and moving boxes/tape.

@Sam LaGrassa @Aaron Hunt  The actual market numbers for Suffolk County, MA for Q1 2018 vs Q1 2017:Median home price: UP 15.9%Average home price: UP 14.4%# of homes for sale: DOWN 33.5%Days on market: DOWN 6.5%Months supply: DOWN 29.7%  (1.2 months)Now that's not to say that those numbers will continue, but that is the actual historical data for last year.There's still an incredible shortage of homes on the market. 

Sellers are attaining large surpluses at the moment due to the lack of supply in the town.