Well after sitting on the sidelines all summer the first time buyers are back in the Vancouver Washington real estate market. Suddenly they have been coming out of the woodwork this fall. I have seen several multiple offer situations in the starter home market and the best priced starter homes seem to be disappearing quite quickly. Sometimes they are disappearing within a month of being on the market. Considering that the average time on market right now in our are is over 70 days, this is quite fast. Beyond this, both the lenders I know and the other agents I know who work with first time buyers are saying that they are quite busy.What does this mean for prospective buyers? Well some of the leverage they had with sellers early in the fall seems to be disappearing this winter. I ...
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