https://www.har.com/content/newsroom/Houston Real Estate Highlights in June Single-family home sales rose 1.8 percent year-over-year, with 8,518 units sold, the largest one-month sales volume of all time;Days on Market (DOM) for single-family homes declined from 50 to 48 days;Total property sales reached record levels, rising 1.7 percent, with 10,115 units sold – the first time that number has broken the 10-thousand mark;Total dollar volume increased 6.6 percent to slightly more than $3 billion;The single-family home median price rose 2.6 percent to $245,000, reaching an all-time high;The single-family home average price increased 4.3 percent to a record high of $316,463;Single-family homes months of inventory was at a 4.1-months supply, the highest level since last August and equal to the national inventory level;Townhome/condominium sales rose 4.9 percent, with the average price down 1.7 percent to $211,050 and the median price down 4.1 percent to $163,000;Leases of single-family homes climbed 4.7 percent with the average rent up 3.9 percent to $1,877;Volume of townhome/condominium leases fell 4.2 percent with the average rent up 6.7 percent to $1,662.

As long as at the end of the exchange you purchased at least as much as your net sale and as long as you used all of your cash proceeds in the purchase you will defer all tax.Supplementing with cash to eliminate debt is a very sound late market strategy when interest rates start to climb. 

Even if an investor climbs the curve, it doesn't mean they have the financial wherewithal to handle a complete capital loss if a deal goes south.

It has an oil well on it, so we plan to keep the mineral rights since there's no better ROI than ROI on something you don't have to put any money into - just hope the price of oil continues to climb. 

I lack the funds and my credit isn't superb, but climbing back up. 

There is a brief correction in 2007-2008, and it continued it's climb, with prices here double what it was in 2008.When I sensed the correction in 2006, I quickly sold a property for around $750K to what turned out to be a flipper before the end of 2006, closed in Dec 2006.

So find a job you can climb the corporate ladder in for the next 10+ years and heed the general advice, or take a risk knowing that if you fail you won't get another chance with a bankruptcy or more.  

A nice corporate career, a marriage, a few kids, and MANY disappointments later I began to realize that I was climbing a never ending ladder that was going nowhere. 

Just curious what others think on this as of lately, seems like the prices are climbing at the rate of pre-2007 did.. 

Guys ask for money then rip off your roof climb down and knock on your door and ask for more.