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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.

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