Real estate properties constitute the biggest slice of the American pie. In 2005, these properties comprised more than 84 percent of the value of U.S. households' total tangible assets, which include real estate, equipment and software, and consumer durable goods.

Real estate also is the largest segment of the tangible assets of corporate and noncorporate organizations. Shares of the total value of real estate properties owned by corporate and noncorporate organizations, which include single proprietorships, partnerships and residential rental entities, in 2005 were 56.7 percent and 92.3 percent, respectively, according to the Federal Reserve Bank.

Thanks to an increasing population, an abundant supply of land and other natural resources, and a robust economy, Texas' wealth in real estate properties is burgeoning. Real estate wealth includes single-family and multifamily residential units, commercial and industrial properties, land and structures used for extracting oil and natural gas, and utility production, rural lands and vacant lots.

As quoted in Tierra Granda (Journal of the real estate center at Texas A&M University) Ocober 2006 issue

Texas land prices set another record at $1,483 per acre in 2005. Texas land prices were up 16 percent from 2004 and 76 percent over 2000 prices. Nonagricultural demand continued to drive markets, and 2006 promises to be another banner year for Texas land markets.