https://www.har.com/content/newsroom/Houston Real Estate Highlights in October Single-family home sales increased 4.7 percent year-over-year, with 6,716 units sold;Days on Market (DOM) for single-family homes was 57 versus 61 a year earlier;Total property sales rose 6.0 percent, with 8,127 units sold;Total dollar volume jumped 9.3 percent to $2.3 billion;The single-family home median price climbed 3.6 percent to $234,653, an October high;The single-family home average price also achieved an October record, rising 3.5 percent to $294,500;Single-family homes months of inventory reached a 3.9-months supply, up fractionally from 3.7 months last October, but below the national supply of 4.4 months reported by NAR;Townhome/condominium sales dropped 2.9 percent, with the average price up 4.9 percent to $206,838 and the median price down 2.2 percent at $152,900;Leases of single-family homes rose 7.3 percent with the average rent down 1.1 percent to $1,754;Volume of townhome/condominium leases fell 6.8 percent with the average rent up 1.2 percent to $1,550.

I think that is why Google & Facebook are both spending hundreds of billions in the suburbs of Huntsville opening regional facilities.

Single-family home sales fell 5.8 percent year-over-year, with 6,548 units sold;Days on Market (DOM) for single-family homes was 52 days;Total property sales declined 4.4 percent, with 7,842 units sold;Total dollar volume was down 3.5 percent to $2.2 billion;The single-family home median price edged up 0.2 percent to $232,500, a September high;The single-family home average price also achieved a September record, rising 1.7 percent to $295,765;Single-family homes months of inventory was at a 4.0-months supply, up fractionally from 3.9 months last September and slightly below the national supply of 4.3 months reported by NAR;Townhome/condominium sales fell 6.1 percent, with the average price down 6.6 percent to $191,967 and the median price unchanged at $159,450;Leases of single-family homes dropped 35.4 percent with the average rent down 4.0 percent to $1,812;Volume of townhome/condominium leases plunged 44.5 percent with the average rent down 1.0 percent to $1,584.https://www.har.com/content/newsroom?

When investors hit a Billion dollars, of course they will look for other things to invest in.

They have over $100 billion of real estate assets.I just watched a video of their CEO on YouTube and he said their strategy is simple...

It is an international property which I have seismic report on and is privately owned.Over 1 billion barrels of oil reported on the property. 

With the Port of Freeport expanding and billions in commitments for many years to come this investment seemed like a solid long term play.

Yup go to a local credit union or community bank.. a bank that is say less than 3 billion.. and preferably ones that are like 500 million..their charters are written to serve the immediate community... forget large national or semi national.. and be very leery of broker chains and those that promise things and want ANY up front money.

Why in this environment is someone going to sell a property at a huge discount when they can put a total piece of junk up on the MLS and still get a billion offers.

A $2.1 billion airport expansion is underway, with more than 500 workers on site daily.