Home RSS
Real Estate

First-time home buyers pick up local market

Tim Newcomb Lynden Tribune
First-time home buyers pick up local market - First Time Buyer - Real Estate Market - Home Buyers

LYNDEN — It is a tale of two markets right now for local real estate.   Jerry Blankers, broker for Snapper Shuler Kenner Real Estate, said that low-end sales are doing quite well, while the houses on the upper end are still a bit slow.

“We are steady,” he said. “We aren’t setting the world on fire. It is not a great year, but we are not throwing in the towel.”
  Blankers said that first-time home buyers, helped by the $8,000 federal tax credit incentive, have really helped pick up the pace of the market.
  Low interest rates have played a part in getting people into the market.
  The first-time buyers are typically in the $200,000 to $250,000 range for a single-family residence. Some local condominiums are lower than the $200,000 mark, however.
  Blankers said that the Lynden area hasn’t been hit as hard with the number of short sales as elsewhere.


Add your comment
  Anonymous comment
  Remember me on this computer

Send me by email any answer to my comment
Send me by email every new comment to this article

Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.