An older man with glasses is sitting in a cozy, well-lit room, reading a newspaper. The room has wooden chairs and a large circular window in the background. The man appears relaxed and content as he enjoys his reading.

You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is ahead.

Economic Factors That Impact Mortgage Rates

When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact. Another factor at play is the Federal Reserve (the Fed) and its decisions on monetary policy. And that’s what you may be hearing a lot about right now. Here’s why.

The Fed decided to start raising the Federal Funds Rate to try to slow down the economy (and inflation) in…

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By Eric Peterson

Since real estate is really a 10 month a year business, we are halfway through the year and I thought it would be good to give you a quick update. 

As I write this, we have 7 homes listed for sale that are under contract. I’m optimistic, but things are not easy. More than ever when someone asks me “How’s the market?” My answer is DOTS…Depends On The Situation. 

There are some neighborhoods and homes that are selling quickly while others don’t seem to have much activity at all. 

There are also two types of buyers in the market right now. Buyers who want to buy and can buy and buyers who want to buy but can’t buy. This is why we are still seeing large turnouts at our open houses and a high number of online views for our…

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Modern pendant lighting in kitchen to enhance home appeal and resale value.

When it comes to selling a home, it’s crucial to present it in a way that appeals to a broad range of potential buyers. Although personal preferences and social media trends can play a role in home decor, it’s important to remember that what’s fashionable today might not be as popular tomorrow. If you’re working with sellers, our expert stagers, Joyce and Linda, here at Kopa Real Estate, recommend focusing on timeless design choices that can significantly boost the resale value of their property.

Key Points to Consider
  • Avoid Personal Decor: While you might be fond of pastel-colored sofas or scalloped furniture, these styles can turn off buyers. Recommend storing such items during showings.
  • Stick to Classic Design: Opt for neutral color…

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Eric Peterson, owner of Kopa Real Estate, holding up us letter from Williamson County about his property taxes.

If you are protesting your property taxes here are a few quick tips that may help you be more successful this year. 

They Give You Their Comps

Within your notice of value you should have received a Comparable Sales Report giving you the specific properties the tax office used to determine the value of your home. I often hear of homeowners going to for their appointment without this information. They are showing you their hand and you should be able to use that information to help your argument. 

Removing A Comp May Be More Important

The reason why it’s important to know in advance their evidence is in my own experience demonstrating to the appraiser why a comp shouldn’t have been used gets me more bang for my buck than providing additional…

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