pid=2107Houston Real Estate Highlights in July, 2024:-Single-family home sales rose 1.8 percent year-over-year;-Days on Market (DOM) for single-family homes went from 42 to 44 days;-Total property sales were down 2.1 percent with 8,969 units sold;-Total dollar volume increased 4.4 percent to $3.8 billion;-The single-family median price increased 2.9 percent to $350,000;-The single-family average price rose 4.7 percent to a record high of $445,440; -Single-family home months of inventory registered a 4.3-months supply, up from 3.1 months last July;-Townhome/condominium sales continued to decline, falling 19.5 percent, with the median price up 0.7 percent to $221,500 and the average price declined 0.8 percent to $261,123.

The pain is real and likely to linger. - No one is building office of any sort right now, and net new supply will be low for some time. - Prices reflect this pain in office- Many high income earning millennials are, finally, moving to the suburbs.

I am very eager about getting my foot into real estate and purchasing properties within the next 6 months.

In general, it is a tough RE market but house hacking is perhaps the best not real active option.  

Purchase price: $350,000 Cash invested: $100,000 My parents and I partnered and purchased our first real estate investment property in 2023.

After years of sort of cruising on auto-pilot with a single tenant on a long-term lease, we figure it's time to assess the real value of this longtime family investment in case it might be time to sell.

Talk to your local professionalsMy properties are in the Midwest. 

“Buy real estate and wait, don’t wait to buy real estate.”

I have been a real estate broker for 20 years now.

I originally got into real estate for the investing aspect of it.