The Larkin Texas Real Estate Property Investment Group, LLC

10/21/2024

DID YOU KNOW… Realtor.com reports that last week, the median listing price was less than or equal to what it was the same week last year for the 20th week in a row. Plus, 18.6% of listings had price cuts in September, up 0.9% from last year.

10/14/2024

The National Association of Realtors (NAR) reports the inventory of homes for sale in September came in 34% higher than last year. It’s now at the highest level in more than four years after 11 straight months of annual gains.

New home listings are picking up and prices are stabilizing. The NAR says for the week ending October 5, 8% more sellers put their homes up for sale compared to a year ago and the median listing price was down 0.1% from a year ago.

Weekly mortgage applications slipped overall, but purchase application volume held steady—8% ahead of last year’s level—while refinance applications were a whopping 159% higher than last year.

09/16/2024

DID YOU KNOW… Realtor.com says the best time to buy a home in 2024 will be September 29 to October 5. There will be 37% more listings than the start of the year, and compared to the summer peak, demand could drop nearly 30%, while buyers could save more than $14,000 on a median-priced home of $445,000.

08/19/2024

Realtor.com now projects the year will end with home prices up 4.6%, reversing their original forecast of a 1.7% price drop. But they reversed their 14% decrease in for-sale inventory to a 14.5% increase—so, more choices for buyers

08/05/2024

DID YOU KNOW… Last year, 45% of home sellers were baby boomers (ages 59 to 77). Combined with sellers from the silent generation (78 and up), the two groups accounted for over half of all home sales, a trend expected to continue.

06/24/2024

A Harvard University study revealed a whopping 13% of Americans move every year. This underscores the fact that the life events that cause people to move keep happening regardless of market conditions.

04/01/2024

DID YOU KNOW… Realtor.com reported 664,716 homes on the market in February 2024—more February listings than in any of the prior three years. Finding a home should be easier. Affording it, maybe not so easy...

03/25/2024

DID YOU KNOW… Homesellers have just a few weeks to put their homes on the market during the best week to sell. Historically, listings posted the week of April 14 have seen the strongest buyer demand, the highest listing prices, and fewest days on the market, according to Realtor.com.

04/27/2022

On my "To Do" list this year...

Are you ready to rock, New York? I hope so.

04/27/2022

As an investor, I always tried to stay clear of HOA's. Never did like their restrictions or "bylaws".

Homeowner associations have begun rewriting homeownership rulebooks to block companies from buying single-family homes.

04/25/2022

Attom Data reports that in 2021, sellers nationwide saw a profit of $94,092 on the typical home sale. That’s a 45.3% ROI—return on the original purchase price investment. Both profits and ROI have improved for 10 straight years.

04/18/2022

Black Knight reports that despite mortgage rates posting their fastest one-month gain in nearly 13 years, March purchase lock volumes increased by 31.5%, as buyers sought to lock in loans before rates rose higher.

Mortgage purchase applications are down 9% from a year ago; home showings are off 3% year-to-date; and 12% of sellers dropped asking prices in a four-week period on a national listing site. Signs of a slowing market?