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    • U.S. Housing Inventory Crunch Continues… List Your House Today!

    U.S. Housing Inventory Crunch Continues… List Your House Today!

    Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.

    Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!

    At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

    Trulia reported that “in Q4 2017, U.S. home inventory decreased by 10.5%. That is the biggest drop we’ve seen since Q2 2013.”

    Here is a chart showing the decrease in inventory levels by category:

    U.S. Housing Inventory Crunch Continues… List Your House Today! | MyKCM

    The largest drop in inventory was in the starter home category which saw a 19% dip in listings.

    Bottom Line

    Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2018, now may be the perfect time.

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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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