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Hey good evening everyone this is Robert with the world renowned Mr Texas rules stating this is Texas rules state radio network Hey thanks again for joining us tonight we appreciate you guys check us out every tonight we have market updates coming up again great great numbers if you already have properties so we\'re we\'re super excited about some of these numbers and law will also extract that data and kind of give you know how to applies to us and how to place to you. But super exciting for us couple things just wanna make some announcements always we have our grand opening of the Texas real estate investment center on June 17 you can go to the website R. D. I C. T. X.com real estate investment center Texas.com R. E. I. C. T. X.com and go ahead and sign up for the the grand opening is 10 boxes in the food is me beer and soda is going to be some Raffles so and you get to tour the building you\'re going to meet a lot of people great networking time so we\'re expecting 450 people would love to have you there so make sure you guys go ahead and sign up as soon as possible. All right well let\'s get right into it so no the market numbers came back from H. A. R. because they don\'t like to be called hearts H. R. Iraq and I will give you just some. Just the updates to sort of write off their their report showed total property sales went from last year about 7800 number where we were last year so he\'s we really have to put time in context these days because I\'m you know a lot of people I\'m talking to have already forgotten that there was a massive pandemic and people were locked in their houses and we were you were running around in desperate need of toilet paper that we bought you know garage worth right which we totally forgot about that. And it just sort of back to normal but but there was some serious things happen last year so I\'m. 5/20/20 I think we were probably in the in the height of it. Right it was definitely the height of it Easter had passed we thought Hey this could be like a month or so we were in really getting into month to going a month 3 we\'re understanding how how serious it was north east was just flooded with cases and deaths and who\'s a risk right and all the stuff on TV. So our our our our sales over there or should be noticeably up right but it\'s up by 55 percent 1700 2020 in a 2020 for may and then in 2021 for may 12000 100 so 3 year but the dollar value volume is massive so there was 2.$1000000000 2.$2000000000 last year in may of 2020 and there was 4.$4000000000 in transactions this past month that\'s that\'s insane $4000000000 right just crazy we could have a $50000000000 a year. A list and here\'s a crazy thing right we did that for 0 on lower listings. Here\'s a big one. The average let\'s do the medium first right because the medium is the middle right medium is the middle so it\'s screws on on the average of $0 homes though the river oaks and stuff they don\'t skew the numbers but the median home price in Houston greater Houston area is now $304000. Right when I came to this market 1 of the great things about coming to this market was the fact that the M. the US medium household average of $60000 a year you can actually afford a house or townhouse in Houston Texas if you end a spouse were making roughly you know the medium for 6070 $0 a year you were able to get a mortgage. We are long past those days. Right. So what does that mean on the other is a whole new category of people who need to rent that weren\'t renting 3 to 4 years ago. I can easily understand right you can kind of look at the trends the the the annual house household income data for United States hovered around 6065 for a good period of time and if you made just the average in Houston well you could you could qualify for a mortgage you could actually qualify for a mortgage now again you\'re not gonna get a $400000 house. Copyright Mr. Texas Real Estate@2021.