Delaware if it's billions of dollars of assets.

Hold the news, sure there’s a few billion in new construction and and remodeling, but one guy who owns one property is selling it?

When compared to the last “normal” February, in 2020, sales volume increased 23.3 percent;-Days on Market (DOM) for single-family homes dropped from 48 to 41;-Total property sales rose 25.6 percent with 9,299 units sold;-Total dollar volume increased 43.5 percent to $3.5 billion;-The single-family average price rose 13.4 percent to $395,871, the highest of all time;-The single-family median price increased 19.3 percent to $328,000 – also a record;-Single-family home months of inventory registered a 1.3-months supply, down from 1.5 months year-over-year and below the national inventory of 1.6 months;-Townhome/condominium sales jumped 35.9 percent with the average price up 22.4 percent to $266,366 and the median price up 26.8 percent to $225,00 – both record highs;-Single-family home rentals rose 23.8 percent with the average rent up 6.5 percent to $2,052; -Townhome/condominium leases decreased 1.0 percent with the average rent up 7.9 percent to $1,767.

@Rob Bianco I have a strong opinion on vacancies and lowering rents as I have dealt with both and come to this conclusion.All 7.7 billion people on our planet want to live in a nice place. 

One notable company is Intel in Chandler who just finished a new fabrication production facility, a $7 Billion investment said to be the most advanced in the world, adding 3,000+ high-tech, high-wage jobs.Many schools in the vicinity are regularly ranked among the top in the state, there are numerous opportunities for great shopping, restaurants, coffee shops, entertainment, parks, etc.The rent/price ratios and cash flow/appreciation one can achieve especially in Gilbert (next door to Chandler) are excellent and I've helped clients purchase roughly 25 homes in the last couple years that fit the same model - relatively new (built in the last 10ish years - newer roof, newer HVAC, etc), reasonable HOA's (around $100 or less - which includes access to a community pool for tenants, front yard landscaping, playground/parks, etc), easy access to freeways, good schools, etc.

https://www.har.com/content/newsroom/Houston Real Estate Highlights in August:-Following a record-setting performance in July, single-family home sales held to positive territory again in August, rising 6.0 percent year-over-year with 9,195 units sold;-The Days on Market (DOM) figure for single-family homes lowered from 53 to 51 days;-Total property sales rose 7.3 percent with 11,121 units sold;-Total dollar volume jumped 13.4 percent to $3.5 billion;-The single-family home median price rose 7.6 percent to $269,000 – the second highest median price of all time;-The single-family home average price increased 7.8 percent to $334,256 – the second highest average price in history;-Single-family homes months of inventory registered a 2.8-months supply, down from 4.1 months last August and below the national inventory level of 3.1 months;-Townhome/condominium sales rose 1.3 percent, with the average price up 4.5 percent to $216,733 and the median price up 1.7 percent to $175,000;-Single-family home rentals dropped 13.3 percent with the average rent up 2.3 percent to $1,961;-Townhome/condominium leases fell 13.7 percent with the average rent up 1.0 percent to $1,654.

While a great deal in any market trumps sitting on the sidelines any day, thats just a bit of knowledge that came from someone with over 1 billion in real estate assets. 

They help manage billions of dollars so it’s really their job to know this sort of thing.So personally this may make me more conservative or slow buying slightly but that’s really about it.

I have an 18-unit in Cleveland.Pretty much stabilizing for this first year, getting rid of inherited deadbeat tenants etcI have gone to Cleveland twice since acquiring the asset in September 2017:once during initial due diligence and I just came back from walking all units again with my PM last week.Wouldn't have it another way.Much less involved in it compared to my local Jacksonville buildings as my PM as been awesome in communicating.Oh by the way,I read this recent article on BP condemning Cleveland and Memphis to the bottom of some list of "6 cities"...I have no idea why people make these sweeping generalizations based on some graphic or data.It's like a girl saying to herself:"most men cheats I'll never fall in love".It's easy to write an article or create a spreadsheet while drinking beer in your man cave.I just returned from a week of walking the streets of Cleveland taking in the billions of $ in new investment in the downtown area and east of the Flats where an unbelievable transformation has happened since I last lived there in 2011.Vacancies are down, rents are rising.Yet some guy who's never actually been to Cleveland sits somewhere in LA and writes articles about how net immigration in Cleveland is negative etc.Hilarious.

With the federal deficit projected to hit $985 billion in 2019, I'm curious what anyone might think of the long-term sustainability of HUD's appropriations for section 8 vouchers.