Kopa Real Estate Blog - housing market trends

Success Story - Avoiding Mickey Mouse Buyers

My girls love Mickey Mouse. But most of my clients are no-nonsense people and they don’t want to deal with Mickey Mouse buyers. 

In this area the number of homes that go under contract and then have the contract cancelled is at an all-time high. Last year we closed every home that went under contract. Only one cancelled but those buyers came back to buy the house so it was like getting divorced and marrying your ex again. 

One of the reasons our track record is so good is we don’t push our clients into bad deals. What you as a seller has to be careful about is 74% of real estate agents didn’t sell a home last year. You don’t want to hire an agent who needs you to sell your home more than you do. You’re likely to get pushed into accepting a…

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Should I Stay Or Should I Go?

I’m not talking about the classic 80’s song from the London band The Clash.

Instead, this is a question I get asked by homeowners 2-3 times per week. For the most part it’s not a real estate question, but I thought I would share some of the things I would think about if I were asking that question myself.

The Part That Is A Real Estate Question

If you ask me if you should stay or go, I think what you’re really asking is if you decide to move today and sell your home will you miss out on a huge home price appreciation that’s coming right around the corner.

It’s understandable to have some anxiety about that because who would want to miss out on you home being worth 20% more next year?

Nobody would like to…

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What Is Going on with Mortgage Rates?

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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HOW’S THE MARKET SO FAR?

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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Home Values Are Tricky At The Beginning Of The Year

Home values are tricky at this time of the year. 2020 is going to be challenging to both buyers and sellers with a low number of homes for sale and prices going up. If you are planning to buy or sell a home in particular at this time of year you deserve to have an expert Broker helping you and here’s why.

If you are selling a home, you’re at risk of pricing your home too low. Particularly if you sell your home off market. Although our market is not as seasonal as you might expect for certain floor plans that may not sell very often there may be much more demand than supply that has built up a backlog of buyers over the winter. It is important to work with a Broker that won’t just price your home based on what sold almost a year ago. You…

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