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    2019 Will Be a Great Year for Buyers AND Sellers

    Many homeowners believe that rising interest rates and home prices have scared away buyers and therefore have not listed their houses for sale. However, the truth is that buyers who were unable to find a home last year are out in force, and there are even more coming!

    NerdWallet’s 2018 Home Buyer Report revealed that:

    “Approximately one-third (32%) of Americans plan to purchase a home in the next five years. Millennials are most likely to have such a purchase in their five-year plan (49%), versus 35% of Generation X and 17% of baby boomers.”

    As we can see, buyers are optimistic! According to the report, here are the top reasons Americans plan to buy:

    2019 Will Be a Great Year for Buyers AND Sellers | MyKCM

    The most common reason Americans prioritize buying is that they believe it’s a good investment!

    If you’re a homeowner looking to sell, 2019 is the perfect year to put your house on the market. But why?

    1. Buyers want to buy
    2. No competition!

    At least 3 of the renowned organizations that report on real estate market trends predict that homeowners are going to wait until 2020 to list their homes, leading to a nice increase in sales (as shown in the graph below).

    2019 Will Be a Great Year for Buyers AND Sellers | MyKCM

    Don’t wait for a competitive market; be ahead of the curve and sell your house at the best possible price!

    Bottom Line

    There are plenty of buyers entering the market! Whether you’re a first-time homebuyer or a current homeowner looking to move-up to your next home, let’s get together to discuss your real estate needs!

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    Danny Cheung

    I spent over twenty five (25) years with the Department of Defense in the hardware/software design and development as well as program management prior to joining the Group in a full time capacity. I am thrilled to put my years of experience as an Electronics Engineer to assist and lead our Real Estate Group to the next level. I am committed to establishing the tools and resources necessary for our team members to work more seamlessly and effectively thus ensuring our clients full satisfaction. My wife and I have two daughters and a dog (he's more like our son). I enjoy travelling and watching sports especially football…Go Skins!

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