Found 4 blog entries tagged as housing market crash.



Hi Austin area homeowners. I’m Eric Peterson Broker of Kopa Real Estate. Let’s review the most recent Austin real estate statistics.

In September there were 3,437 homes sold which is down 10% from last year.

The average sold price was up 22.7% from last year but down 2% from August.

The median price was $463,000, up 34.2% from last year but down 5% from August.

The average sold price to original list price was 101.4%. That means homes were selling on average for 1.4% over list price.

The average days on the market is 16 days, still down considerably from last year at 39 days but up 2 days from August.

Overall homes are still selling fast and we are still in a strong sellers’ market although not quite…

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We’re coming out of the worst storm I have experienced in over 30 years of living in Texas. We are hearing of pipes bursting and water leaks all over the Austin area.

Many homeowners will be worried about home values being affected when selling a home with previous water damage. Whether you are planning to put your property on the market next month or in 5 years here are a few helpful tips to make your real estate transaction easier and let you sell for top dollar.

No Discount For Homes With Water Damage In Today’s Market

When you search for how to sell a home with water damage, you’re going to find hundreds, maybe thousands of blog posts written by companies that want to make a low-ball offer for your home.

For anyone planning…

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Everywhere I go people want to tell me the housing market is about to crash. Maybe the market will crash, maybe it won’t. If it’s true we are in a bubble and we will see a crash here are some of the reason we may see real estate prices pop.

Inflation and Interest Rates Going Up

There’s no doubt homebuyers are motivated by the historically low mortgage interest rates we are seeing. Many buyers are able to lock in 30-year fixed rate mortgages at 2.5% or better allowing them more buying power to stretch the price range of their home search.

Interest rates typically rise when inflation increases. With all the money being pumped into the economy it isn’t not hard to imagine we will see inflation once we see the pandemic coming to an end.

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You might be shocked to hear real estate prices in our area are up 5-10% since the beginning of December. Almost everyone who is calling me right now thinks their home is worth $50,000-$100,000 LESS than what it would sell for today. Today, someone asked me what has caused prices to go up. There are many factors and I thought I would share what I told her with you.

  1. Record low inventory of homes for sale. Many potential sellers decided to hold off on selling last year. We have a dramatic inventory shortage of homes for sale.
  2. Few new homes available. In many neighborhoods you couldn’t buy a new home if you wanted to build. They are completely sold out of lots.
  3. Tesla, Oracle and Apple building coming to life. The surge of buyers…

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