Following a strong performance in June, single-family home sales soared into record-setting territory in July, leaping 23.0 percent year-over-year with 10,975 units sold – a record one-month sales volume;The Days on Market (DOM) figure for single-family homes expanded from 51 to 56 days;Total property sales soared 25.0 percent with a record-setting 13,043 units sold;Total dollar volume shot up 33.8 percent to $4.1 billion;The single-family home median price set a new record high of $271,830 as it rose 8.7 percent year-over year;The single-family home average price jumped 8.5 percent to $338,350 – also an historic high;Single-family homes months of inventory was at a 3.0-months supply, down from 4.2 months last July and below the national inventory level of 4.0 months;Townhome/condominium sales were flat, with the average price up 9.9 percent to $223,190 and the median price up 12.3 percent to $183,000;Single-family home rentals rose 2.9 percent with the average rent up 1.8 percent to $1,940;Townhome/condominium leases increased 6.9 percent with the average rent unchanged at $1,659.Source: HAR

https://www.har.com/content/newsroom/Houston Real Estate Highlights in July:-Following a strong performance in June, single-family home sales soared into record-setting territory in July, leaping 23.0 percent year-over-year with 10,975 units sold – a record one-month sales volume;-The Days on Market (DOM) figure for single-family homes expanded from 51 to 56 days;-Total property sales soared 25.0 percent with a record-setting 13,043 units sold;-Total dollar volume shot up 33.8 percent to $4.1 billion;-The single-family home median price set a new record high of $271,830 as it rose 8.7 percent year-over year;-The single-family home average price jumped 8.5 percent to $338,350 – also an historic high;-Single-family homes months of inventory was at a 3.0-months supply, down from 4.2 months last July and below the national inventory level of 4.0 months;-Townhome/condominium sales were flat, with the average price up 9.9 percent to $223,190 and the median price up 12.3 percent to $183,000;-Single-family home rentals rose 2.9 percent with the average rent up 1.8 percent to $1,940;-Townhome/condominium leases increased 6.9 percent with the average rent unchanged at $1,659.

The pricing is the perfect capitalist system: supply and demand. 

As long as the world’s supply of land is diminishing and people need homes to live in, it's bound to be stable.

Frustrations exist in supply-chain and adoption, but many solutions are surfacing. 

There are currently only 1.4 months of supply which will continue to drive prices up. 

@Rory GalvinI don't have any experience banking or investing in Canada, so take what follows with a grain of snow.Gross income is your rents collected.Expenses include: Advertising, travel, cleaning and maintenance, commissions, insurance, legal fees, management fees, mortgage, repairs, supplies, taxes, utilities, depreciation, vacancy, capital expenditures.Gross income less expenses equals your cash flowCash flow divided by cash invested equals your cash on cash return which is the "yield" you should be comparing with other investment opportunities.If the max yield you can see yourself getting in real estate is 5%, then you aren't ready for a deal yet.

Covid 19 was a challenge, simply for a supply issue.

Covid 19 was a challenge, simply for a supply issue.

Very lucritive and making a comeback as affordable housing in Johnson County, KS has once again been in short supply.