pid=1593Houston Real Estate Highlights in January:• Single-family home sales fell 8.1 percent year-over-year, with 4,100 units sold, marking the third consecutive month of declining sales;• Days on Market (DOM) for single-family homes lowered from 68 to 65 days;• Total property sales tumbled 8.4 percent, with 5,011 units sold;• Total dollar volume declined 4.4 percent to slightly more than $1.3 billion;• The single-family home median price edged up 1.4 percent to $222,000, reaching a January high;• The single-family home average price increased 2.4 percent to a January high of $277,483;• Single-family homes months of inventory was at a 3.7-months supply, up from 3.2 months last January and equal to the national inventory level;• Townhome/condominium sales fell for a fifth straight month – down 10.5 percent, with the average price down 2.3 percent to $188,268 and the median price down 2.8 percent to $154,250;• Lease properties saw their strongest performance since November 2017, as single-family home rentals climbed 16.5 percent with the average rent up 0.4 percent to $1,755;• Volume of townhome/condominium leases surged 16.4 percent with the average rent down 0.8 percent to $1,504.

There is still billions in non performing debt and you can easily find 4 notes to buy.

There was a billion dollar class action lawsuit against the manufacturer in the 90s and polybutylene can no longer be used under US building codes.

In addition to everything Jack mentioned, Indy has gone through a major revitalization over the last 2 decades, investing over $9 billion in redevelopment.

Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs.https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-careHere are a few more recent investmentshttps://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbusLet me know how I can help! 

Michael Bull has done over $6 billion and has a designated multi family division.

A Popeyes franchisee tenant of 20 locations going for a 5.0 cap rate in a good area is not the same value as a Davita NNN that is BBB- or better rated by Standard and Poors and a billion dollar company with strong guarantee on the lease. 

Reminds me of a Richard Branson quote responding to the age-old question of how to become a millionaire - "Start with a billion dollars..." 

Many start in single families, scale their process to multis and finally to syndication and REITs to make multi-billion dollar portfolio. 

Houston Real Estate Highlights in JuneSingle-family home sales rebounded from two consecutive monthly declines, jumping 15.7 percent year-over-year with 9,328 units sold;The Days on Market (DOM) figure for single-family homes grew from 50 to 56 days;Total property sales soared 18.3 percent with 11,153 units sold;Total dollar volume climbed 15.1 percent to $3.3 billion;Single-family home sales rebounded from two consecutive monthly declines, jumping 15.7 percent year-over-year with 9,328 units sold;The Days on Market (DOM) figure for single-family homes grew from 50 to 56 days;Total property sales soared 18.3 percent with 11,153 units sold;Total dollar volume climbed 15.1 percent to $3.3 billion;The single-family home median price set a new record high of $262,000 as it rose 3.6 percent year-over year;The single-family home average price declined 0.6 percent to $319,881;Single-family homes months of inventory was at a 3.2-months supply, down from 4.3 months last June and below the national inventory level of 4.8 months;Townhome/condominium sales reversed three monthly declines, rising 1.9 percent, with the average price down 5.4 percent to $212,216 and the median price down 1.8 percent to $174,350;Single-family home rentals jumped 15.3 percent with the average rent down 1.0 percent to $1,906;Volume of townhome/condominium leases was unchanged with the average rent up 7.9 percent to $1,731.