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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What It Means And What It Doesn’t Mean

A newspaper article about realtors coming to a settlement about how Americans buy and sell homes.

By now I’m sure you’ve heard that the National Association of Realtors announced a proposed settlement to address the broker compensation lawsuits that have popped up across the country. The settlement has generated a lot of media attention and unfortunately a lot of what has been reported is misleading so I wanted to give an explanation of what has happened.

Before I even start, this is a proposed settlement that still needs court approval and none of the changes will go into effect until July at the earliest. However, I do expect it will be approved whether in this format or something similar and we are already putting systems into place to guide our clients through any possible changes and give you the…

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I am much more optimistic about the real estate market today than I was this time last year. For our listings that went on the market in January, we had 57% more showings and Open House visitors than last January.

In addition, our listings all went under contract at great prices.

Buyers appear to be more ready to buy today. When interest rates hit 8% last year, the market froze. In that situation, you can’t blame buyers for pausing their home search. When rates are 8%, and there is no indication they aren’t going to keep going up, it’s hard to decide to buy a home.

Today, the expectation is that rates will slowly tick down over the next few years.

Despite my feelings, there are still challenges ahead. Interest rates remain close to…

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Hello everyone! I hope you are all doing well. I just wanted to take a moment to wish you all a happy New Year, and to share some thoughts on what we can expect from the real estate market in the coming months.

Looking back on the past year, it's clear that the real estate market has undergone some significant changes. Unlike the uncertainty we faced at the start of 2023, we're now seeing a more positive and optimistic market environment.

In a recent market update, I delved into the current trends and explored factors shaping the landscape. Austin, in particular, has seen a 13.9% decrease from its peak and a 5.5% decline from last year, contributing to a more balanced market.

One significant change is the shift from the intense…

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It’s always our goal to provide you with the best information so you can make the best decisions. There are 3 things I’ve noticed seniors are misunderstanding about taxes.

You Don’t Need To Buy Another Home To Avoid Capital Gains Tax

In the old days to avoid paying Capital Gains tax when you sold a home you needed to use your profit to buy another home. That’s no longer true.

The IRS code allows you to avoid paying tax on up to $500,000 per couple ($250,000 per person) if you have lived in the home for 2 of the previous 5 years. That means if a couple bought a home for $400,000 and sell it for $900,000 you wouldn’t owe any tax.

The best part is you don’t need to buy another home to take advantage of this loophole. For more information…

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Everybody knows that Zillow primarily operates as an advertising platform. I get clients who often share stories of discovering their realtors through the platform after a quick skim through a list of local realtors from the search bar. You might get a real estate veteran or an agent fresh out of school. You never know, and you should be wary of who you hire to buy or sell your home; here's why...

In a recent report from real estate insider Mike Delprete, Zillow is reportedly applying pressure on realtors who advertise on their platform, urging them to direct business to Zillow's mortgage company. The catch? If realtors don't comply, Zillow might pull the plug on their advertising and stop sending leads to these agents. This revelation…

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Almost every day I get calls or have people attend our seminars thinking they can’t sell their house because of what they are hearing in the news. I assure you we are still helping people like you sell their homes and If what you are hearing has stopped you from making a move contact us to talk about your plans. Many people have benefited this year from scheduling a buying power and home improvement audit. I’ve found that even if what I tell them isn’t what they want to hear it allows them to make better decisions and move forward with their life. I’m not saying it’s easy but in the end our clients always say it’s worth it to move on to a better place.

Who Is Moving Right Now?

One of our recent clients were the original owner of their home. They…

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