Paul's Bellingham Blog

My thoughts on Bellingham, the Real Estate market, and more

Interesting Facts about First Time Home Buyers

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According to the National Association of Realtors, 49% of first time home buyers are married couples. 25% are comprised of single females and just 12% are single males. That is impressive that single females are entering into homeownership at twice the rate as the males, and I have to say that I have noticed the same trend in my local Real Estate market in Bellingham, WA.

Also, more than half -53%- are between the ages of 24 and 34, and 12% are younger than 24.
First time home buyers are also becoming more diverse. 22% are of a minority group, compared to just 13% of repeat buyers.

John L Scott Partners with Zillow.com

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Very cool to find out that John L Scott Real Estate, has partnered with www.Zillow.com. All John L Scott listings will now appear on the 2nd most popular Real Estate website in the country. I am not a fan of Zillow’s “Zestimate” tool, because it can be incredibly inaccurate in coming up an estimate home value. It uses a computer program, which can’t take into account the condition of the home, the floor plan, views, and many other important variables in assessing your home’s value.

But Zillow is a very popular website, and John L Scott is smart to form this partnership to make sure all of it’s listing are getting maximum exposure!

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